78134 Calle TampicoLa Quinta, CA 92253

Property Details for 78134 Calle Tampico

Year built

2009

Construction

WOOD

Lot size

1.36 AC

Property size (Sq ft)

12,025 SF

Zone code

VC

Property type

Retail properties

Property subtype

Strip malls

APN

770-020-035

APU

770020035

Description

This thriving Class A retail business, "As Time Goes By," is available for purchase. Located in a 1,634 square foot suite at 78134 Calle Tampico, La Quinta, CA 92253, this well-established watch and jewelry repair store has been operating successfully since 2006. The business boasts a strong reputation for quality service, offering a diverse range of services including full-service repairs for high-end brands like Omega, Rolex, Patek Philippe, and Tag Heuer, as well as vintage and pocket watches, antique clocks, and jewelry sales. A significant inventory of tools, repair parts, and store fixtures is included in the sale. The current owner is willing to provide training to ensure a smooth transition for the buyer. A substantial backlog of customer service requests provides immediate revenue potential. The current lease, in a 1,634 sq ft space, expires September 30, 2025, with a three-year extension option. This presents a unique opportunity to acquire a profitable, well-regarded business in a desirable location. The asking price for this turnkey operation is $300,000. This is a high-demand business with a proven track record of success.

• CAP approach

  CAP return

  Valuation

  6%

  $4,858,286

  6.5%

  $4,484,572

  7%

  $4,164,245

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,315,828

  Geo Method

  $10,665,747

• Alternative Use

  Use

  Valuation

  Residential

  $3,782,904

  Hospitality

  $3,465,120

  Educational

  $2,882,939

  Medical

  $2,982,088

  Retail

  $4,484,572

Location Insight

City

La Quinta

County

Riverside

State

California

Latitude

33.6793

Longitude

-116.301

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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