Desert Pacific Properties Logo

3,500 SF OFFICE/RETAIL BUILDING DESERT HOT SPRINGS, CA

11360 Palm Dr, DHS Zoomed Building Photo Web
11360 PALM DR, DESERT HOT SPRINGS, CA

FEATURES

  • 3,500 SF Office/Retail Space
  • City of Desert Hot Springs allowing cannabis retail and entertainment use with CUP
  • Possibility to be a cannabis lounge or hotel
  • Surrounded by restaurants, resorts and spas
  • Across from the brand new Dollar General (currently under construction)
  • Has courtyard
  • On Corner lot

ASKING PRICE: $475,000 ($135/SF)

VICINITY MAP

11360 Palm Dr, DHS Zoomed Aerial Web

Directions: From Los Angeles take exit on Palm Dr. and turn left (north). Continue straight on Palm Dr, in 6 miles the property will be on your right, from there, turn right on to fifth street and then take the nearest right to enter tthe parking lot.

Amenities

  • Location: Property is located at 11360 Palm Dr in Desert Hot Springs, CA
  • Building Size: 3,500 SF
  • Current Use: Vacant
  • Parcel Size: 0.15 AC (6,534 SF)
  • APN: 639-273-001
  • Zoning: CG Commercial General
  • Construction: Wood Frame
  • Building Height: 24’
  • Utilities: Water, Electric, HVAC, 5 electrical meters, 2 water meters
  • Parking: 6.5/1000
  • Comments: Desert Hot Springs is the fastest growing city in the Coachella Valley, Desert Hot Springs’ population grew from 25,938 in 2010 to 32,512 in 2020, representing a 25.3% increase. Nearby cities Palm Springs and Cathedral City grew by just 0.1% and 0.6% respectively over the same time period. Cannabis tourism has transformed Desert Hot Springs into a hub of activity. This building has a multitude of possibilities. Zoning allows for a wide variety of uses. Hotels, bars, cannabis lounges, and nightclubs are allowed with CUP.

OPPORTUNITY ZONE

Why is investing in an Opportunity Zone better than a 1031 Exchange?

Temporary Deferral:
Similar to a 1031 Exchange.

Step-up in Basis: After 5 years capital gains basis is increased by 10% and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original gain from taxation. Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income

Attatchments
Disclaimer

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref: 09/24/21 JC

Contact
Susan Harvey profile photo

Susan Harvey, Owner
susan@dppllc.com
Mobile 760-250-8992
Office 760-360-8200
DRE License #00957590

Desert Pacific Properties Logo

Ranked #1 in the Coachella Valley for Commercial Real Estate

Paula Turner profile photo

Paula Turner, Broker
paula@dppllc.com
Mobile 760-578-6564
Office 760-360-8200
DRE License #00702492