35900 Monterey AvePalm Desert, CA 92211

Property Details for 35900 Monterey Ave

Year built

1776

Construction

TILT-UP CONCRETE

Lot size

19.13 AC

Property size (Sq ft)

135,152 SF

Property type

Retail properties

Property subtype

Retail space

APN

694-130-022

APU

694130022

Description

This exceptional commercial property, located at 35900 Monterey Ave in Palm Desert, California, presents a significant investment opportunity. The 50,000 square foot office building sits on a generous 5.32-acre lot, offering ample space for expansion or redevelopment. Its prime location at the intersection of Monterey Avenue and Gerald Ford Drive ensures excellent visibility and accessibility, with high traffic counts of 33,921 ADT on Monterey Avenue. The property boasts prominent monument signage, enhancing its branding potential. The design allows for convenient left/right-in, right-out access, optimizing traffic flow. This property is ideal for a variety of commercial uses, including executive offices, and presents an anchor box opportunity. The property's size and location in the thriving Riverside County market make it an attractive investment for businesses seeking a high-profile presence in Palm Desert. The zip code is 92211. The property is classified as both Office and Land, and is further categorized as Commercial and Executive Office. This is a for-sale opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $54,603,496

  6.5%

  $50,403,228

  7%

  $46,802,996

• Comparable approach

  Method

  Valuation

  Relative Method

  $59,745,928

  Geo Method

  $119,875,016

• Alternative Use

  Use

  Valuation

  Residential

  $42,517,008

  Hospitality

  $38,945,352

  Educational

  $32,402,074

  Medical

  $33,516,432

  Retail

  $50,403,228

Location Insight

City

Palm Desert

County

Riverside

State

California

Latitude

33.7893

Longitude

-116.387

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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