Share this with your friends
+16262723816
century 21 masters
5700 Indian Springs Road, Palm Springs, CA 92264
- $1,499,000
- List Price
- $1,499,000
- Status
- ACTIVE
- MLS#
- 219155151DA
- Year Built
- 1976
- Lot Size
- 30,928
- Acres
- 0.71
- Days on Market
- 2
- Property Type
- Commercial
Property Description
Excellent opportunity to acquire a 10,126 SF commercial building in Palm Springs, featuring durable block wall construction and a fenced yard. The property is occupied by a well-established tenant with an impressive 22-year tenancy, providing a history of occupancy and a current income stream. The existing lease has approximately 3 years remaining, offering an investor the opportunity to maintain the current tenancy while evaluating future lease-renewal potential. The property currently offers a reported 7.7% capitalization rate.The building is situated on leased land, with approximately 32 years remaining on the land lease. Located across the street from a new tribal gas station, the property benefits from proximity to a notable commercial development in the surrounding area.Please do not disturb tenant. Drive-by only. No direct contact with the tenant or property visits without prior authorization.
Additional Information
- Heat
- Forced Air
- Roof
- Flat
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Ryan Pylypow (r@omni-re.com) from Listing Office: Rennie Group.
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.