Grapevine Plaza 73640-73690 El Paseo

73640-73690 El Paseo , Palm Desert, California, 92260 | 11,023 sq.f | $ 7,500,000

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About This Restaurant

Investment Highlights

Available For Sale for the first time in many years! Multi-use, eclectic and iconic Property! Unique opportunity to acquire a landmark Property on the corner of El Paseo and Larkspur Lane in the "Heart" of it ALL! Historically operates at 100% occupancy!

Executive Summary

GRAPEVINE PLAZA .... Available For Sale for the first time in many years! This is truly a unique opportunity to acquire a landmark Property on the corner of El Paseo and Larkspur Lane, across from The Gardens in the "Heart" of El Paseo's Shopping, Dining and Entertainment District! This multi-use, eclectic Property has been a Palm Desert icon for many years and will remain an integral part of the El Paseo experience for many years to come! Providing unobstructed street frontage on one of the busiest corners of El Paseo with ample on-street front parking and abundant private rear parking, this Property historically operates at 100% occupancy. Adjacent to many world-renown Retailers, numerous trendy Restaurants/Lounges, multiple Resorts/Boutique Hotels and several elite neighborhoods, this Property contains a synergistic mix of long-term, successful tenants, including Cafe Des Beaux-Arts Restaurant, Lumpy Bunny Children's Store, Sophia's Shoe Salon, Wayne's Collection Women's Wear, Valley View Dental, The Sandy Mane Salon and Engel & Volkers Real Estate! Located on the northeast corner of El Paseo and Larkspur Lane.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Freestanding General Retail Restaurant General Retail Storefront Storefront Retail/Office
  • Building Size    11,023
  • Building Class    B
  • Year Built    1970
  • Price    7,500,000
  • Price Per SF    680
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.29
  • Land Acres    0.86 AC

Amenities

  • 24 Hour Access
  • Bus Line
  • Corner Lot
  • Restaurant
  • Security System
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning

Nearby Amenities & Transportation

Retail Sammy's Wood Fired Pizza
Retail Bank of America
Retail Orangetheory Fitness
Retail California Bank & Trust
Retail The Coffee Bean & Tea Leaf
Retail Luna Grill
Retail The Habit Burger Grill
Retail Jenny Craig
Retail Sullivan's Steakhouse
Retail Mastro's Restaurants

Property Taxes

Parcel Number 627-212-005 Improvements Assessment $646,593
Land Assessment $1,188,726 Total Assessment $1,835,319
Date Created: 2024-07-16 04:09:25 Last Updated: 2024-07-16 04:09:25
Address: 73640-73690 El Paseo , Palm Desert, California, 92260