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11940 Palm Drive

11940 Palm Drive, Desert Hot Springs, CA 92240

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.

Features & Amenities

Interior

Laundry Room None

Exterior

Stories 2
Water Source Public
Utilities Electricity Connected, Sewer Connected, Water Connected
Lot Features 0-1 Unit/Acre, Landscaped, Rectangular Lot
Heat Type None

Area & Lot

Status For Sale
LIVING SPACE 5,328 Sq.Ft.
LOT SIZE 0.34 Acres
MLS® ID SB25151504
Type Commercial
Year Built 1985

Financial

SALES PRICE $1,650,000
REAL ESTATE TAXES $12,476/yr

Work With Guillermo

Your home is your sanctuary. Letting go of that sanctuary can be a traumatic process. Finding a new haven can be just as daunting. Guillermo understands and his goal is to find your perfect new home that will not only suit your budget, but also give you immediate peace and protection the moment you walk through the door.

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