13313 Palm DrDesert Hot Springs, CA 92240

Property Details for 13313 Palm Dr

Year built

2006

Construction

WOOD

Lot size

0.94 AC

Property size (Sq ft)

13,920 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

641-214-022

APU

641214022

Description

This exceptional 1,200 square foot retail space, located at 13313 Palm Drive, Unit D in Desert Hot Springs, presents a prime opportunity for a discerning business owner. Situated within a thriving retail center boasting strong anchor tenants such as Rancho Grande Supermarket, Little Caesar's Pizza, and Elite Therapy, this single-tenant space offers immediate occupancy. Previously utilized as a pawn shop, the versatile layout is well-suited for a variety of retail uses, including a cellphone store or restaurant. The property benefits from ample parking, ensuring convenient access for customers and employees. Its strategic location provides easy freeway access, maximizing visibility and attracting a broad customer base. The center's established tenant mix and high foot traffic create a dynamic and successful commercial environment. This space is ready for immediate lease and represents a compelling investment in a high-growth area. The property is conveniently located in Desert Hot Springs, offering excellent visibility and accessibility. The space's previous use as a pawn shop demonstrates its adaptability to various business models. The abundance of parking and convenient freeway access further enhance the property's appeal. This is an exceptional opportunity to establish or expand your business in a vibrant and well-established retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $5,623,895

  6.5%

  $5,191,288

  7%

  $4,820,482

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,153,540

  Geo Method

  $12,346,544

• Alternative Use

  Use

  Valuation

  Residential

  $4,379,046

  Hospitality

  $4,011,182

  Educational

  $3,337,256

  Medical

  $3,452,030

  Retail

  $5,191,288

Location Insight

City

Desert Hot Springs

County

Riverside

State

California

Latitude

33.9516

Longitude

-116.502

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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