44419 Town Center WayPalm Desert, CA 92260

Property Details for 44419 Town Center Way

Year built

1988

Construction

WOOD

Lot size

1.42 AC

Property size (Sq ft)

17,065 SF

Zone code

CPS

Property type

Strip malls

Property subtype

Neighborhood centers

APN

640-340-008

APU

640340008

Description

This exceptional retail opportunity is located in the heart of Palm Desert's premier shopping district at One Eleven Town Center, addressing 44419-44491 Town Center Way, zip code 92260, Riverside County, California. The property boasts a coveted end-cap location with high visibility from major thoroughfares: Highway 111, Fred Waring Drive, and Town Center Drive. It's situated directly across from the Coachella Valley's only regional mall, ensuring significant foot traffic and brand exposure. This one-story building offers four available spaces ranging from 1,159 to 6,010 square feet, ideal for a variety of retail uses. The center features a remarkable tenant lineup including Whole Foods (ranked #3 out of 143 stores in the chain), Nordstrom Rack, HomeGoods, True Value, Crumbl Cookies, Handel's Ice Cream, and Breakfast Republic. The property benefits from a dense population with a median household income exceeding $130,000, providing a strong consumer base. A ±6,010 square foot space will be available in January 2025. This is a truly exceptional opportunity to establish a presence in one of the Coachella Valley's most successful retail destinations.

• CAP approach

  CAP return

  Valuation

  6%

  $6,894,524

  6.5%

  $6,364,176

  7%

  $5,909,592

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,543,834

  Geo Method

  $15,136,047

• Alternative Use

  Use

  Valuation

  Residential

  $5,368,420

  Hospitality

  $4,917,444

  Educational

  $4,091,256

  Medical

  $4,231,960

  Retail

  $6,364,176

Location Insight

City

Palm Desert

County

Riverside

State

California

Latitude

33.7281

Longitude

-116.399

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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