72620 El Paseo, 1508, Palm Desert, CA 92260 (MLS# 219074709)

72620 El Paseo, 1508, Palm Desert, CA 92260

$2,700,000
Property Type: Commercial Sale Square Footage: 8,800 Lot Size (sq. ft.): 11,761 Status: Closed
Current Price: $2,700,000 List Date: 3/01/2022 Last Modified: 11/19/2024

Overview

Description

Ready for business. ±8,800 SF freestanding fully fixturized former restaurant building, with enclosed service yard, is located near the intersection of El Paseo and Highway 111 within the busy Palms to Pines shopping center. This site is ideal for an owner-user or, with the right tenant, an investment opportunity. Recently renovated both aesthetically and mechanically , the building has 7 new AC units, 4 tankless water heaters, LED lighting, modern low maintenance desert landscaping, freshly painted inside and out, and the list is too long to fit within the allotted space! The fully functioning upgraded kitchen and FF&E, walk in's, keg refrigeration box, 2500 gallon grease interceptor, separate walk in refrigeration box for kegs, massive functioning bar, extensive outdoor areas, and multiple hoods will eliminate a huge amount of time and expense with governmental licensing and supply chain woes. Average household income for the immediate trade area is $74,477. Permanent, Coachell ...

Listing Details MLS# 219074709

General Property Information

Approx SqFt
8800
SqFt Source
Assessor
Lot Acres
0.27
Lot Size Source
Assessor
Year Built
1984
Cross Streets
Hwy 111 and El Paseo

Property Features

Business Type: Hospitality Sale Type: Standard Asset Class: Retail Commercial License: None Land Use: Retail Exterior Construction: Wood Search Tags: Restaurant; Single Tenant; Street Retail Security Safety: Fire & Smoke Detection System; Fire Sprinklers; Prewired For Alarm; Smoke Detector Utilities: Water Meter on Property Disclosures: None

Listing Location and Property Info

APN
640160010
Original List Price
2900000
Property Sub-Type
Retail
Street #
72620
Street Name
El Paseo
County
Riverside
State
CA
Zip Code
92260
Area
323 - Palm Desert South
Country
US

Property Info

Building # of Stories
Yes

Status Change Info

Status Change Date
2022-06-01
Pending Date
2022-04-01
Closed Date
2022-06-01
Closed Price
2700000

Water

Water District Name
CVWD

More Information

Listing, Location and Property Info

Entry Date
2022-03-01
Unit #
1508

Business Type

Hospitality
Yes

Utilities

Water Meter on Property
Yes

Sale Type

Standard
Yes

Asset Class

Retail
Yes

Parking Spaces/Information

Parking Ratio
3.2

Commercial License

None
Yes

Disclosures

None
Yes

Land Use

Retail
Yes

Exterior Construction

Wood
Yes

Search Tags

Restaurant
Yes
Single Tenant
Yes
Street Retail
Yes

Security Safety

Fire & Smoke Detection System
Yes
Fire Sprinklers
Yes
Prewired For Alarm
Yes
Smoke Detector
Yes

Documents

Listing Office: Meade Commercial Inc.
Listing Agent: Kate Rust
Last Updated: November - 19 - 2024
Information deemed reliable but not guaranteed.
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