72990 El PaseoPalm Desert, CA 92260

Property Details for 72990 El Paseo

Year built

1980

Construction

WOOD

Lot size

1.12 AC

Property size (Sq ft)

9,728 SF

Zone code

PC3SP

Property type

Retail properties

Property subtype

Strip malls

APN

640-170-013

APU

640170013

Description

This exceptional retail space, located at the hard corner of Highway 111 and El Paseo in Riverside County's Coachella Valley submarket, offers ±1,508 square feet of inline space within the Pointe El Paseo center. The property boasts unparalleled visibility, benefiting from its strategic location at the intersection of four major roadways (Monterey, Highway 111, Highway 74, and El Paseo), resulting in exposure to a significant daily traffic count of 90,313 vehicles. This high-traffic location is further enhanced by strong co-tenancy with established businesses including Starbucks, Juice, First Republic Bank, Wildest Restaurant, and a new Shoe City. The property shares access and parking with the adjacent Palms to Pines shopping center, home to national tenants such as Rite Aid and Staples, providing additional customer draw. The suite itself features ample storefront parking and benefits from recently upgraded landscaping and parking lot improvements, including impressive architectural outdoor lighting for enhanced nighttime visibility. While the total building encompasses 9,600 square feet with one suite, the available space is ±1,508 square feet. This presents a unique opportunity for businesses seeking high visibility and strong co-tenancy in a thriving commercial hub. The maximum contiguous space available is 3,000 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $3,930,262

  6.5%

  $3,627,934

  7%

  $3,368,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,300,406

  Geo Method

  $8,628,390

• Alternative Use

  Use

  Valuation

  Residential

  $3,060,298

  Hospitality

  $2,803,217

  Educational

  $2,332,244

  Medical

  $2,412,453

  Retail

  $3,627,934

Location Insight

City

Palm Desert

County

Riverside

State

California

Latitude

33.7203

Longitude

-116.392

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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