73951 El Paseo, Palm Desert, CA 92260
Commercial property for sale
Added: 05/16/2013
Last Update: 08/03/2013
73951 El Paseo
Palm Desert, CA
92260 US
Contact info
- 760-346-2520 [Office]
Description
Prime commercial corner on famed El Paseo. 15,600 SF Retail Plaza (Bldg One) and 7,391 SF Restaurant (Bldg Two) with 300 front feet on El Paseo. Excess land for future development, plus additional non-contiguous parcel for overflow and valet parking. This is a 100% leased investment (partial, NNN owner-lease-back) providing steady income while the new owner implements a redevelopment plan for additional retail or hotel development. Mitch's restaurant is on a 5 year lease beginning 2013 with two 5-year options w/escalators.To review OFFERING MEMORANDUM goto: www.lee-desert.com Building price details: $8,750,000.
Property Details
- Building Name:Roberge Plaza
- Type: Retail
- Use Types:Free-Standing Building, Restaurant, Street Retail
- Status: Available
- Year Built: 1998
- Year Renovated: 1998
- MSA: Riverside-San Bernardino-Ontario
- Zoning: C1
- Buildings: 2
- Tenancy: Multiple Tenants
- Broadband Internet: Cable
- ConstructionWood Frame
Exterior Features
- Parking: Yes
- Parking Spaces: 25
- Parking Type: Surface
Terms
- Cash to Seller
Agent
Maggie Montez
760-346-2520 [Office]