49927 29 Palms HwyMorongo Valley, CA 92256

  • Retail properties
  • 440 SF
For Sale
$500,000 View listing

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
49927 29 Palms Hwy, Morongo Valley, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$759
$26,249
$40,465
$66,714
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