140 Luring DrPalm Springs, CA 92262
- Healthcare properties
- 10,368 SF
Property Details for 140 Luring Dr
- Year built
- 1970
- Construction
- WOOD
- Lot size
- 0.60 AC
- Property size (Sq ft)
- 10,368 SF
- Zone code
- P
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 502-064-008
- APU
- 502064008
Description
This exceptional 9,850-square-foot medical office building is strategically located in central Palm Springs, California, at 140 N. Luring Dr, 92262. Boasting a modern design and situated on a 0.61-acre lot, the property offers convenient access from E. Tahquitz Canyon Way and N. Sunrise Way. The building has undergone significant renovations in recent years, resulting in a high-quality, updated space. Ample private covered parking is available for tenants and visitors. Panoramic mountain views are visible from all sides of the building. This single-building property presents a unique opportunity for owner-users seeking to occupy a portion of the space while generating income from leasing the remaining suites. The asking price is $1,950,000, translating to a price per square foot of $197.97. This represents a compelling investment opportunity in a desirable location within Riverside County. The property's prime location and recent renovations make it an attractive option for medical professionals and investors alike. The building's multi-use design offers flexibility for a variety of medical practices or related businesses.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,849,546
- 6.5%
- $2,630,350
- 7%
- $2,442,468
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,818,780
- Geo Method
- $3,649,225
-
Alternative Use
- Use
- Valuation
- Residential
- $3,261,634
- Hospitality
- $2,987,639
- Educational
- $2,485,680
- Medical
- $2,571,167
- Retail
- $3,866,614
Location Insight
- City
- Palm Springs
- County
- Riverside
- State
- California
- Latitude
- 33.8237
- Longitude
- -116.527
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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