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Listed by Amie Shepard • West Shores Realty, Inc.
$1,650,000
Est. payment /mo
5,328 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 5,328 sqft
Price per Sqft $309
MLS Listing ID CRSB25151504
HOA Y/N No
Year Built 1985
Lot Size 0.340 Acres
Property Sub-Type Office
Source Datashare California Regional
Property Description
Welcome to 11940 Palm Dr — a 5,328 SF building perched on the premiere corner of Palm & Pierson, the most visible intersection in Downtown Desert Hot Springs This two-story gem in the Commercial Downtown (CD) zone is suited for a wide range of uses. Want a creative office space, wellness center, event venue, or boutique retail concept? You’re in the right place — and right on time. The area is booming with new energy thanks to a wave of new construction homes flooding the valley and fueling a fresh downtown revival. With 19 parking spaces, killer street presence, and a pro forma cap rate of 6.4%, this is a straight-up investor magnet in one of SoCal’s fastest-growing retail and cannabis zones. Fully approved for ALL cannabis uses — retail, cultivation, distribution — with licensing available! No red tape, no waiting games. Just bring your business (or your cash flow goals) and plug in. At the forefront of the canna-business industry, Desert Hot Springs has been dubbed the Emerald City of the Valley ?? highlighting an emphasis on canna-tourism. Offered at a competitive price, this corner lot opportunity is what investor’s dreams are made of.
Location
State CA
County Riverside
Interior
Heating None
Fireplace No
Building
Water Public
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