Palm Desert, CA Demographics Property Highlights · 2017. 11. 14. · Palm Desert is a city in...

LYLE & ASSOCIATESCalBRE 01462012

Bank Owned Commercial Real Estate For Sale72-191 Highway 111 | Palm Desert, CA 92260

RET

AIL

24/

7

©2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.

CBCLYLE.COM Coldwell Banker Commercial Lyle & Associates

78000 Fred Waring Drive, Suite 200Palm Desert, CA 92211

(760) 772-6400

Pablo Rodriguez(760)[email protected] #001870757

Steve Lyle(760)[email protected] #00762911

• Significant Visibility With Over 200 Feet of Frontage on Highway 111

• Prime Signalized Hard Corner At Center of Valley’s Highest Traffic Corridor

• Gateway Location at the Entrance to the City of Palm Desert

• PC-4 (Planned Commercial 4) Zoning Which Allows for Use of Restaurant, Hotel, Retail, Office, Medical and

Entertainment

Palm Desert, CA Demographics 1-Mile 3-Mile 5-Mile

2017 Population 4,410 41,700 71,291

Average Income $72,751 $88,088 $96,548

Households 2,169 20,445 35,879

Property Highlights

$1,700,000 ($161 PSF Building/$30 PSF Based on Land Value)





(760) 772-6400



Bank Owned Commercial Real Estate72-191 Highway 111 | Palm Desert, CA 92260

CURRENT SITE DESCRIPTIONAPN 640-020-008

Number of Stories 1

Ownership Fee Simple (Land & Improvements)

Parking Shared Parking With Entire Center - 200+ Spaces

PROPERTY OVERVIEWPrice $1,700,000

Price/SF (Land) $30.25

Price/SF (Building) $161.90

Parcel Size 56,192 SF (1.29 Acres)

Year Built 1986

ZONING: PC-4Parking

Retail & Mixed Use 3.25 Per 1,000 SF

Restaurant 8 Per 1,000 SF

Hotel 1 Per 1 Hotel Room

Entertainment 3.25 Per 1,000 SF

Office 4 Per 1,000 SF

Building Measurement

Height, Max 35’

Building Size, Max None

Specific Conditional Use Permit Requirement

Retail & Mixed Use None, except grocery require change of zoning

Restaurant None

Hotel None

Entertainment None

Lot Lines Not to Scale





(760) 772-6400




FRED WARING DRIVE

LOCATION72-191 Highway 111Palm Desert, CA 92260

SITEThe subject property has frontage along Painters Path and Highway 111.

SQUARE FOOTAGEThe building square footage is 10,500 square feet and the lot size is 1.29 acres.

ACCESSAccess is from Painters Path.

PARKINGProperty shares parking with the entire center +/-200 parking spaces.

YEAR BUILTThe property was built in 1986.

TRAFFIC COUNTSIntersection of Highway 111 and Painters Path receives 41,000 vehicles per day. Intersection of Highway 111 and Fred Waring Drive receives 42,000 vehicles per day.





(760) 772-6400




166.97

208.83

191.

3615

140

35.8

8

L=102.46

3

SUBJECT PROPERTY1.29 Acres (56,192 SF)

FRE

D W

AR

ING

DR

IVE

PAINTERS PATH

HWY 111





(760) 772-6400




71,200+

POPULATION

$96,500+AVG HOUSEHOLD

INCOME

5 YEARPOPULATION GROWTH

6%

desert crossing shopping

PAINTERS PATH - 4,060 CPD

demographics within a five mile radius:

Intersection of Highway 111 and

Fred Waring Drive

HIGHWAY 111 - 37,034 CARS PER DAY






(760) 772-6400




desert crossing shopping

town center square shopping

bump & grind trail

71,000 Visitors Use Trail Annually






(760) 772-6400




Highway 111 is a state highway in the U.S state of California. It is the main north/south state highway and retail corridor through the Coachella Valley, a part of the Colorado Desert in the southeastern corner of the state and famous as a resort destination. It runs from the U.S-Mexico border crossing to Interstate 10 at White Water. Highway 111 links virtually every desert resort city in the Coachella Valley. Annual Cars Per Year: 13.5 Million

HIGHWAY 111

City of Palm Desert Overview

Palm Desert is the geographic center of the Coachella Valley, a fast-growing region of Southern California that comprises nine cities. Palm Desert has evolved into a vibrant small city that today is the educational, retail, and cultural hub of the Valley. Whether you come here to spend a weekend or a lifetime, you’ll never run out of things to explore – including plenty of free activities. With an abundance of resources available to residents, Palm Desert is also a great place to call home.

Palm Desert is a city in Riverside County, California, United States, in the Coachella Valley, approximately 14 miles east of Palm Springs and 122 miles east of Los Angeles. In the past couple of years, Palm Desert has seen more residents become “full-timers,” mainly from the coasts and urban centers of California, who have come for both affordable and high-valued home prices. Major employers of the city is JW Marriot Desert Springs Gold Resort,

Universal Protection Services, Guthy-Renker, Walmart, Macy’s, and Marriott Desert Springs Villas.

Distance To From Property

43,400+Employees

67,620+Residents

(Within Five- Mile Radius of Subject Property)

9,950+Enrolled Students (College of the Desert)

34,000+Households

(Within Five- Mile Radius of Subject Property)

$98,017Average Household Income

$1.6BTotal Economic Impact

Browse your favorite luxury labels and chic boutiques, savor gourmet cuisine by the Coachella Valley’s top chefs, and wander through an array of art galleries set against a scenic backdrop in this gem tucked in the heart of Palm Desert. The street has 250-plus retailers including top international retailers such as St. John, Gucci, and Burberry.

EL PASEO DRIVE

Palm Springs23 Minute Drive

Los Angeles2 Hour Drive

San Diego2 Hour, 20 Min Drive

Newport Beach2 Hour Drive

Palm Desert, CA Demographics Property Highlights · 2017. 11. 14. · Palm Desert is a city in...

Documents

Transcript of Palm Desert, CA Demographics Property Highlights · 2017. 11. 14. · Palm Desert is a city in...