49927 29 Palms HwyMorongo Valley, CA 92256

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 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.

• 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

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