41
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$1,049,000
Est. payment /mo
10,000 SqFt
Price Dropped by $70K
12155 Palm DR Desert Hot Springs, CA 92240
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $104
MLS Listing ID 219144789
HOA Y/N No
Lot Size 0.640 Acres
Property Sub-Type Retail
Property Description
High Visibility Commercial Investment Opportunity - Income Producing
Prime commercial property with excellent visibility and strong upside potential. This well-located building offers investors or owner-users the opportunity to acquire a versatile multi-tenant property priced below replacement cost and at one of the lowest price-per-square-foot opportunities in the area.
The property was previously occupied by World Gym and a sunglass retailer and is designed to support a variety of commercial uses including fitness, retail, showroom, office, or specialty service businesses.
One unit is currently leased and generating rental income, while the remaining space provides an opportunity for owner occupancy or additional lease-up income.
Investment Highlights
• High-visibility commercial location with excellent exposure
• Income producing property with current tenant in place
• Large 27,878 SF lot with ample on-site parking
• 10,000 SF building under roof
• 37 on-site parking spaces
• Flexible zoning allowing multiple commercial uses
• Priced below replacement cost
• One of the lowest price-per-square-foot opportunities in the area
• Value-add potential through lease-up or repositioning
Property Details
Lot Size: ±27,878 SF
Building Size: ±10,000 SF
Parking: 37 spaces
Current Tenant: Unit D (Income producing) Former Tenants: World Gym & Sunglass Retailer
Additional Parcel: APN 641-042-048
Opportunity
The former gym space is currently vacant and no longer contains weight equipment, providing a blank canvas for a new tenant or owner-user concept. With strong visibility, significant parking, and flexible use potential, the property is ideal for:
• Fitness or training facility
• Retail or showroom
• Medical or wellness use
• Office or professional services
• Multi-tenant investment property
This is a rare opportunity to acquire a well-located commercial property with existing income and significant upside potential. Perfect for investors seeking cash flow or business owners looking for a highly visible location to operate their business.
Contact for pricing and additional details.
Prime commercial property with excellent visibility and strong upside potential. This well-located building offers investors or owner-users the opportunity to acquire a versatile multi-tenant property priced below replacement cost and at one of the lowest price-per-square-foot opportunities in the area.
The property was previously occupied by World Gym and a sunglass retailer and is designed to support a variety of commercial uses including fitness, retail, showroom, office, or specialty service businesses.
One unit is currently leased and generating rental income, while the remaining space provides an opportunity for owner occupancy or additional lease-up income.
Investment Highlights
• High-visibility commercial location with excellent exposure
• Income producing property with current tenant in place
• Large 27,878 SF lot with ample on-site parking
• 10,000 SF building under roof
• 37 on-site parking spaces
• Flexible zoning allowing multiple commercial uses
• Priced below replacement cost
• One of the lowest price-per-square-foot opportunities in the area
• Value-add potential through lease-up or repositioning
Property Details
Lot Size: ±27,878 SF
Building Size: ±10,000 SF
Parking: 37 spaces
Current Tenant: Unit D (Income producing) Former Tenants: World Gym & Sunglass Retailer
Additional Parcel: APN 641-042-048
Opportunity
The former gym space is currently vacant and no longer contains weight equipment, providing a blank canvas for a new tenant or owner-user concept. With strong visibility, significant parking, and flexible use potential, the property is ideal for:
• Fitness or training facility
• Retail or showroom
• Medical or wellness use
• Office or professional services
• Multi-tenant investment property
This is a rare opportunity to acquire a well-located commercial property with existing income and significant upside potential. Perfect for investors seeking cash flow or business owners looking for a highly visible location to operate their business.
Contact for pricing and additional details.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by KW Coachella Valley
NEARBY SCHOOL & BUSINESS
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