73282 Highway 111 Local commercial 232 m² 100 % Loué À vendre Palm Desert, CA 92260 631 990 € (2 721,07 €/m²)

Prime Net Lease is pleased to present a premier multi-tenant retail investment opportunity in Palm Desert, California. This ±2,500 SF retail property, positioned directly along Highway 111, offers exceptional visibility with over 37,000 vehicles per day and strong frontage in one of the Coachella Valley’s most desirable commercial corridors. With seven suites currently occupied by a mix of retail and service tenants and one available suite, the property provides immediate leasing upside and long-term value for investors.
Located just steps from El Paseo—known as the “Rodeo Drive of the Desert”—and surrounded by top-tier retail destinations including The Shops at Palm Desert and Desert Crossings, this property benefits from a prime location in a thriving trade area. Ample rear parking, strong signage, and easy ingress/egress further enhance its appeal for both tenants and customers.
Palm Desert is an affluent and rapidly growing city in the heart of Southern California’s Coachella Valley. The city’s population has surpassed 52,700 residents, with steady growth projected over the coming years. The region attracts over 14 million annual visitors, generating $9 billion in consumer spending, making Palm Desert a true hub for retail, dining, and tourism. With its high average household income and strong demographics, the city provides an exceptional environment for sustained tenant success.
This property represents a rare opportunity for investors seeking stable in-place income with additional leasing potential in one of Southern California’s most sought-after markets. Its prime Highway 111 location, excellent fundamentals, and proven market demand position it for long-term growth and value.