72620 El Paseo

72620 El Paseo , Palm Desert, California, 92260 | 8,800 sq.f | $ 3,300,000

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About This Restaurant

Investment Highlights

El Paseo Address - Highway 111 Visibility Fully Fixturized - Existing Restaurant Operator to Vacate Upon Sale/Lease Ample Parking Newly Renovated in 2022

Executive Summary

Wilson Meade Commercial Real Estate is pleased to present this free-standing, newly renovated, fully-fixturized restaurant.This 8,800 SF turn-key property is located along the famous El Paseo, renowned as the ?Rodeo Drive of the Desert?.El Paseo remains a haven for luxury shopping with brands like Gucci, Louis Vuitton, Tiffany and Co., and Saks Fifth Avenue, catering to an affluent community with an average household income exceeding $110,000 within a five-mile radius of the subject property, rated amongst the highest in the nation.The property presents an ideal chance to become part of a thriving culinary scene in the Coachella Valley, alongside a diverse array of established fine dining establishments and quick-service retailers.

Property Details

  • Sale Type    Owner User
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Bar General Retail Fast Food General Retail Freestanding Restaurant
  • Building Size    8,800
  • Building Class    B
  • Year Built    1985
  • Price    3,300,000
  • Price Per SF    375
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.75
  • Land Acres    0.27 AC

Nearby Amenities & Transportation

Retail Pure Barre
Retail Eddie V's
Retail Starbucks
Retail Daily Grill
Retail First Republic Bank
Retail Panda Express
Retail Surf City Squeeze
Retail The Coffee Bean and Tea Leaf
Retail Hot Dog On A Stick
Retail Citi

Property Taxes

Parcel Number 640-160-010 Improvements Assessment $377,400
Land Assessment $2,121,600 Total Assessment $2,499,000
Date Created: 2024-07-16 04:09:22 Last Updated: 2024-07-16 04:09:22
Address: 72620 El Paseo , Palm Desert, California, 92260