72875 Ca-111, Palm Desert, CA 92260 (MLS# 219107312)

72875 Ca-111, Palm Desert, CA 92260

$3,400,000

Property Type: Commercial Sale Square Footage: 21,440 Lot Size (sq. ft.): 80,586 Status: Closed

Current Price: $3,400,000 List Date: 2/22/2024 Last Modified: 11/20/2024

Overview

Description

Prime Commercial Property the former Rite Aid with Fixtures in the center of Palm Desert. Previously housing a successful Rite Aid, this expansive space is now available for a new venture, complete with all fixtures included. Ideal Location: Situated in a high-traffic area of Palm Desert, this property enjoys prime visibility and accessibility, making it perfect for a variety of businesses. Located next to Staples with Highway 111 visibility. Spacious Interior: Featuring a large floor plan, the property offers ample space to accommodate diverse business concepts. The layout is versatile, providing room for customization based on your unique requirements. Save time and resources with the included fixtures from the former Rite Aid. Shelving, display units, counters, and more are ready for use, providing a seamless transition for your business. Established Footprint: Benefit from the property's history as a recognized retail location. The former Rite Aid enjoyed a strong presence, o ... (Read more)

Listing Details MLS# 219107312

General Property Information

Living Area: 21440
BuildingAreaSource: Other
Total SqFt Max: 21440
Total SqFt Min: 21440
Lot Size Area: 80586
Leasable SqFt: 21440
Lot Size Acres: 1.85
Lot Size Source: Assessor
Year Built: 1972
CrossStreet: CA-111 N and Plaza Way

Property Features

Sale Type: Standard Land Use: Retail Signage: Sign Freestanding; Sign on Building Heating: Central Search Tags: Single Tenant Laundry: None Electric: Standard Contingent Upon: Other

Listing Location and Property Info

Parcel Number: 640170007
Listing Contract Date: 2024-02-22
Original List Price: 3800000
Property Sub Type: Retail
Street #: 72875
Street Name: Ca-111
County: Riverside
State: CA
Postal Code: 92260
MLS Area: 323 - Palm Desert South
Country: US

Listing Info

Accounting Type: ProForma
Ownership Type: Corporation

Tax Info

Parcel Master: 640170007

Property Info

# Units: Yes
Business Name: Rite Aid
# Buildings: Yes
Building Status: Existing
Building # of Stories: Yes

More Information

Status Change Info

StatusChangeDate: 2024-09-03
Purchase Contract Date: 2024-05-24
Close Date: 2024-09-03
Close Price: 3400000

Business Info

Cooling: Yes
Current Use: Former Rite Aid
Financing Available: Yes
Retail Center Type: Community/Specialty
Sale or Lease: Sale
Laundry Equipment: No

Water

Water District Name: Coachella Valley Water District

Disclosures

CC & R: Yes

Listing Office: Equity Union

Listing Agent: Brandy M Nelson

Last Updated: November - 20 - 2024

Information deemed reliable but not guaranteed.