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$ 1,650,000
Est. payment | /mo
0.34 Acres Lot
$ 1,650,000
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25151504
HOA Y/N No
Year Built 1985
Annual Tax Amount $12,476
Lot Size 0.340 Acres
Property Sub-Type Office
Property Description
Welcome to 11940 Palm Dr — a 5,328 SF building perched on the premiere corner of Palm & Pierson, the most visible intersection in Downtown Desert Hot Springs
This two-story gem in the Commercial Downtown (CD) zone is suited for a wide range of uses. Want a creative office space, wellness center, event venue, or boutique retail concept? You're in the right place — and right on time. The area is booming with new energy thanks to a wave of new construction homes flooding the valley and fueling a fresh downtown revival.
With 19 parking spaces, killer street presence, and a pro forma cap rate of 6.4%, this is a straight-up investor magnet in one of SoCal's fastest-growing retail and cannabis zones.
Fully approved for ALL cannabis uses — retail, cultivation, distribution — with licensing available! No red tape, no waiting games. Just bring your business (or your cash flow goals) and plug in. At the forefront of the canna-business industry, Desert Hot Springs has been dubbed the Emerald City of the Valley ?? highlighting an emphasis on canna-tourism.
Offered at a competitive price, this corner lot opportunity is what investor's dreams are made of.
This two-story gem in the Commercial Downtown (CD) zone is suited for a wide range of uses. Want a creative office space, wellness center, event venue, or boutique retail concept? You're in the right place — and right on time. The area is booming with new energy thanks to a wave of new construction homes flooding the valley and fueling a fresh downtown revival.
With 19 parking spaces, killer street presence, and a pro forma cap rate of 6.4%, this is a straight-up investor magnet in one of SoCal's fastest-growing retail and cannabis zones.
Fully approved for ALL cannabis uses — retail, cultivation, distribution — with licensing available! No red tape, no waiting games. Just bring your business (or your cash flow goals) and plug in. At the forefront of the canna-business industry, Desert Hot Springs has been dubbed the Emerald City of the Valley ?? highlighting an emphasis on canna-tourism.
Offered at a competitive price, this corner lot opportunity is what investor's dreams are made of.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Interior
Heating None
Inclusions Cannabis License included
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Present Use Commercial
Total Parking Spaces 19
Building
Lot Description 0-1 Unit/Acre, Landscaped, Rectangular Lot
Story 2
Water Public
Others
Tax ID 639293029
Special Listing Condition Standard
Listed by Amie Shepard West Shores Realty, Inc. 310-686-4544
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "