73489 29 Palms HwyTwentynine Palms, CA 92277

Property Details for 73489 29 Palms Hwy

Year built

1948

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

1,500 SF

Property type

Retail properties

Property subtype

Strip malls

APN

0617-111-13-0000

APU

617111130000

Description

This exceptional 1,500 square foot commercial land parcel in Twentynine Palms, California, presents a unique investment opportunity. Located at 73489 29 Palms, 92277, in San Bernardino County, this property enjoys a prime location along Highway 62, ensuring high visibility and accessibility. Its strategic placement within a bustling commercial district, surrounded by residential areas, retail stores, and other businesses, guarantees a consistent flow of potential customers. The property is ideally suited for a diverse range of commercial ventures, including restaurants, retail establishments, or office spaces. A significant advantage is the presence of top-tier commercial kitchen appliances already installed, making it particularly attractive to food-service businesses. Furthermore, the city of Twentynine Palms is experiencing significant growth, with plans for a new 95-room Hilton Home2 Suites hotel near the Joshua Tree National Park visitor center, further enhancing the area's appeal and potential for increased foot traffic. This property's proximity to this upcoming hotel offers exceptional long-term growth potential. The asking price for this remarkable commercial land is $650,000. Don't miss this chance to acquire a thriving commercial property in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $532,601

  6.5%

  $491,632

  7%

  $456,515

• Comparable approach

  Method

  Valuation

  Relative Method

  $605,365

  Geo Method

  $1,205,334

• Alternative Use

  Use

  Valuation

  Residential

  $414,710

  Hospitality

  $379,872

  Educational

  $316,049

  Medical

  $326,918

  Retail

  $491,632

Location Insight

City

Twentynine Palms

County

San Bernardino

State

California

Latitude

34.1353

Longitude

-116.059

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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