11555 Palm Drive Desert Hot Springs, CA ^$ 650,000

11555 Palm Drive

^$ 650,000

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Recently Listed

11555 Palm Drive

Desert Hot Springs, CA, 92240

^$ 650,000

Studio Baths0.0 Sq 1,960

Monthly Estimate*

^$ 4,540

Listed by Orlando Montero, Broker

11555 Palm Drive, Desert Hot Springs, CA 92240 - Image 1

11555 Palm Drive, Desert Hot Springs, CA 92240 - Image 2

11555 Palm Drive, Desert Hot Springs, CA 92240 - Image 3

Studio

Commercial Property for sale in Desert Hot Springs, CA

for $650,000. This 1,960 square foot building was built in 1989 on a lot size of 0.17.

Excellent Investment Opportunity, property was previously leased to Cannabis Dispensary, which is the highest and best use, excellent location if you wish to transfer your Cannabis License to the subject property. Can also be used for medical office, and retail uses. Property is situated in a very high traffic location, excellent visibility, and exposure to busy intersection, close to Resort Hotels, Restaurants, Downtown shops, City Hall, Police, and City work centers. Priced below replacement costs. Lease option considered.

Commercial Active

Price

^$ 650,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Retail

Lot Size

0.17

Year Built

1989

Town/City

Desert Hot Springs

County/Region

Riverside

MLS | Web ID

SW24081545

Days on Market

Features

General

Heating Central

Cooling CentralAir

Utilities ElectricityConnected SewerConnected WaterConnected

Roof RolledHotMop

Security Features SecuritySystem FireSprinklerSystem

Construction Materials Frame Stucco

Year Built 1989

Electric Item220Volts

Property SubType Retail

County Riverside

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Take I-10 and Exit Palm Drive Head North until you reach property on Left hand side.

City Desert Hot Springs

View Y/N N

Senior Community Y/N N

MLS Area 340 - Desert Hot Springs

Lot Size Square Feet 7405.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Palm

Listing Terms Cash CashtoNewLoan Contract LeaseOption OwnerMayCarry Submit

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 0

Building Area Units SquareFeet

Standard Status Active

Occupancy Description Vacant

Property Sub Type Additional Retail

Exterior

Fencing Block

Lot Features Item01UnitAcre

Water Source Public

Lot Size Area 7405.0

Number of Buildings 1

Spa N

Building Area Total 1960.0

Lot Size Acres 0.17

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Drive

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 11555

* Excluded Features

List By

Orlando Montero, Broker

Broker

(909) 376-9157

Phone

Affordability Calculator

$4,540

Per Month

Monthly Principal & Interest: $4,540
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Desert Hot Springs, CA

Average List Price ^$1,800,343

Percent of Sale Price 177%

About Desert Hot Springs, CA

28,699 Population

56% Since 2002

^$33,838 Median Income

33.65 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/24/2024	$650,000		Listed Price

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11555 Palm Drive, Desert Hot Springs, CA, 92240 is a Commercial Property for sale at $650,000 with 1,960 sqft and a lot size of 0.17. 11555 Palm Drive is a studio with 0.0 baths and was built in 1989. The property's zip code is 92240 which is in Desert Hot Springs, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/7/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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11555 Palm Drive

Commercial Property for sale in Desert Hot Springs, CA

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