Introducing a newly renovated industrial condominium that offers the perfect blend of functionality and style, ideal for a range of professional and mixed-use purposes. This 2,134 sqft space is thoughtfully designed to accommodate your business needs, whether you're looking for office space, storage, or a warehouse.The front of the unit features two private offices, complemented by a spacious open office that can serve as a welcoming reception space for clients and guests. Just off the main area is a well-equipped kitchenette, providing convenient cabinet space and an area to relax during lunchtime.Towards the back, you'll find a versatile warehouse space that can serve as a storage area or a mechanic's dream - ideal for light industrial use, equipment storage, or any number of warehouse needs.This condominium is strategically located near Acrisure Arena, with nearby shops, restaurants, and easy access to major roads and freeway, ensuring you and your team are well-connected. Whether for professional office use, light industrial needs, or a mix of both, this condominium offers the space, convenience, and location you need to thrive.
37 condominium units available in a community of 56 total units. HIGHLIGHTS: Boasts an impressive ProForma CAP rate of 14.33%, reflecting potential of operating complex as a short-term Airbnb or hotel project. / This property is grandfathered, allowing existing short-term rentals (STRs) to continue operating despite location or exceeding the 20% cap. / Updated Units - Walking distance from renowned El Paseo Shopping District & fine dining. / The Palm Desert area is a premier year-round destination, attracting travelers from around the world. / Twenty Two (22) condominium units priced at $5,200,000 / $236,364/unit. & Fifteen (15) condominium units priced at $3,750,000 / $250,000/unit. / Units are currently vacant. Property is fully condomapped. Updated Interiors / Updated Exteriors The offering is located at 74380 El Camino, Palm Desert, CA. The property is centrally located in Downtown Palm Desert, just steps from El Paseo Drive, Palm Desert's main shopping street. The area surrounding the property has evolved into an upscale shopping district, featuring 150 boutiques, art galleries and restaurants. El Paseo, with its concentration of luxury retail outlets, its lush landscaping and its proximity to resorts, spas, golf clubs, tennis gardens, fine dining and nightlife entertainment, is often considered the “Beverly Hills” of the desert community. Palm Desert is a city in the county of Riverside, California, niched in the Coachella Valley and located approximately 14 miles East of Palm Springs and 122 miles East of Los Angeles. The population is constantly growing, going from 41,155 to 48,445 inhabitants, according to censuses conducted in 2000 and 2010. The Palm Desert neighborhood is considered upper-middle class, presenting, according to current income analyses, an above average income, 63.8% higher than the neighborhoods in America. 40.1% of the active population is employed in sales and services, from major sales accounts to the fast food service industry while 36.5% holds managerial and office positions.
Courtesy: LE INVESTMENT GROUP
Courtesy: Segovia Real Estate Group
Well located two-story professional building on nearly an acre. Elevator served. This is an exceptional opportunity, ideal for law firm, medical, professional, or mixed-use uses within an ideal urban environment. Nearby many prominent shopping, dining, and entertainment district (Saks, Mastro's, Apple, Gucci, and many more). High traffic volumes of approx. 30,000 cars per day. Abundant free customer parking. Frontage access on both Highway 111 and El Paseo. In Downtown District allowing mixed-use and multi-story projects.
Palm Desert is located in California. Palm Desert, California has a population of 51,081. Palm Desert is less family-centric than the surrounding county with 17.53% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Palm Desert, California is $67,514. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Palm Desert is 56.2 years.
The average high temperature in July is 107.6 degrees, with an average low temperature in January of 45.3 degrees. The average rainfall is approximately 4.7 inches per year, with 0 inches of snow per year.
