49927 29 Palms HwyMorongo Valley, CA 92256
- Retail properties
- 440 SF
Property Details for 49927 29 Palms Hwy
- Year built
- 1970
- Construction
- WOOD FRAME
- Lot size
- 0.18 AC
- Property size (Sq ft)
- 440 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 0583-252-04-0000
- APU
- 583252040000
Description
This exceptional commercial property, located at 49927 Twentynine Palms Highway in Morongo Valley, California, presents a unique investment opportunity. The property consists of two separate buildings totaling 1,200 square feet on two parcels, situated on a prime location directly on the busy Twentynine Palms Highway (APN: 0583252050000). Built in 2000, the property is zoned for commercial use and offers ample parking with 20 spaces. One building is currently configured as an auto repair shop, featuring three large roll-up bay doors, two car lifts, and a substantial fenced-in area ideal for outdoor service. The second building provides office space and restroom facilities, conveniently located adjacent to the repair shop. The property's layout and zoning allow for diverse uses and potential expansion, making it an attractive option for both established businesses and entrepreneurs seeking a high-visibility location. The asking price is $650,000, translating to $541.67 per square foot. This represents a compelling opportunity to acquire a well-positioned commercial property in a growing area with significant potential for future growth and profitability. The property is a single-story structure with two units. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $161,559
- 6.5%
- $149,131
- 7%
- $138,479
-
Comparable approach
- Method
- Valuation
- Relative Method
- $181,850
- Geo Method
- $390,264
-
Alternative Use
- Use
- Valuation
- Residential
- $125,798
- Hospitality
- $115,230
- Educational
- $95,870
- Medical
- $99,167
- Retail
- $149,131
Location Insight
- City
- Morongo Valley
- County
- San Bernardino
- State
- California
- Latitude
- 34.0511
- Longitude
- -116.576
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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