61705 29 Palms HwyJoshua Tree, CA 92252

Property Details for 61705 29 Palms Hwy

Year built

1951

Property size (Sq ft)

1,455 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional 1,455 sq ft retail storefront, located at 61705 29 Palms Hwy, Joshua Tree, CA 92252, presents a compelling value-add investment opportunity. Boasting a prime corner location at the southwest intersection of Sunset Road and 29 Palms Highway, this property benefits from exceptional visibility and high traffic counts exceeding 18,000 vehicles daily. Currently 100% occupied by three tenants, including a restaurant and bottle shop, the property generates a strong NOI of $42,447, with a pro-forma NOI projected at $56,518, reflecting significant upside potential due to below-market rents. Built in 1951 and renovated in 2022, the single-story building sits on a 5,465 sq ft lot, offering ample parking for 10+ vehicles. The property's strategic location adjacent to the popular Joshua Tree Farmers Market and the entrance to Joshua Tree National Park (the ninth most visited nationally, attracting over 3 million visitors annually) ensures consistent foot traffic and strong tenant demand. The property is zoned Joshua Tree/CGSCP and offers additional development potential. The asking price is $1,400,000, translating to $962.20 per square foot and $82 per square foot of land value. This is a rare opportunity to acquire a thriving retail property in one of California's most sought-after destinations.

Location Insight

City

Joshua Tree

County

San Bernardino

State

California

Latitude

34.1347

Longitude

-116.317

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].