Smoke Tree Village, a 10,636 square foot shopping center in Palm Springs, CA, presents a compelling investment opportunity. This established neighborhood center, built in 1962, boasts a diverse tenant mix anchored by Ralphs Supermarket and Ace Hardware. The property comprises six single-story buildings situated on a 4.15-acre lot at 1775 E Palm Canyon Dr, 92264, in Riverside County. The center features a variety of retail spaces, restaurants, and service businesses, catering to a well-established residential area including single-family homes, apartments, hotels, and restaurants. The property is zoned NC and offers a multi-tenant occupancy with a 5-year lease term. Individual spaces are available, making it ideal for both established businesses and startups. A notable feature is a free-standing, former bank building with a drive-thru, offering unique potential. The lease type is NNN, and tenants are credit-rated, providing financial stability. The property's convenient location and low rental rates make it an attractive investment for those seeking a strong return in a thriving Palm Springs community. The property offers small, conveniently located spaces perfect for startup businesses looking to establish themselves in a well-established commercial area.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$1,507,184
Hospitality
$1,380,573
Educational
$1,148,620
Medical
$1,188,123
Retail
$1,786,743
Location Insight
City
Palm Springs
County
Riverside
State
California
Latitude
33.8553
Longitude
-116.555
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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