74399 Ca-111Palm Desert, CA 92260

This exceptional multi-use commercial property, located at 74399 CA-111 in Palm Desert, California (zip code 92260), presents a unique investment opportunity. The 20,676 square foot building, constructed in 1980 and extensively renovated in 2023, sits prominently on Highway 111, just east of El Paseo, ensuring high visibility and accessibility. The property is zoned for Downtown District use and encompasses a single building with a diverse range of spaces suitable for executive offices, shopping center uses, and traditional office tenants. Multiple highly improved suites are available, catering to a variety of business needs. The building boasts an advanced security system, providing peace of mind for tenants and investors alike. Ample parking is provided with over 90 covered off-street spaces. Additional features include a wrap-around balcony, enhancing the aesthetic appeal and functionality of the property. The asking price for this prime commercial real estate is $5,000,000. This property is ideal for investors seeking a strong return or owner-users desiring high-end office space in a vibrant and desirable location within Riverside County. The building's size, location, and recent renovations make it a compelling investment opportunity in the heart of Palm Desert.