42650 Melanie PlPalm Desert, CA 92211

Property Details for 42650 Melanie Pl

Year built

1991

Construction

TILT-UP CONCRETE

Lot size

1.51 AC

Property size (Sq ft)

18,695 SF

Zone code

IP

Property type

Manufacturing properties

APN

634-260-012

APU

634260012

Description

This exceptional 31,428-square-foot, two-story office building in Palm Desert, California, presents a compelling investment opportunity. Located within the desirable Cook Street Business Park, this Class B property boasts a prime location with convenient access to Interstate 10 and Highway 111. Constructed in 1991 and renovated in 2020, the building features reinforced concrete block construction and a highly stylized design. The 1.51-acre lot (65,776 sq ft) includes a fully walled property with security gates and ample parking – 95 spaces, many covered. Currently vacant, the building offers significant upside potential for owner-users or investors. The majority of the space is configured as traditional office space, with a portion previously used as recording studios. The asking price is $3,500,000, representing a compelling price per square foot of $111.37, making it a highly competitive offering in this sought-after business park. The property's APN is 634-260-012, and it is zoned M-SC. This fee-simple ownership opportunity is ready for immediate occupancy.

• Alternative Use

  Use

  Valuation

  Residential

  $5,881,196

  Hospitality

  $5,387,144

  Educational

  $4,482,041

  Medical

  $4,636,185

  Retail

  $6,972,064

Location Insight

City

Palm Desert

County

Riverside

State

California

Latitude

33.7383

Longitude

-116.352

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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