El Paseo | Hwy 111 Frontage | Redevelopment Opportunity
Premier E Paseo Commercial Property | Prime Hwy 111 Frontage | Redevelopment Opportunity
Marketing description
Located on world-famous El Paseo, this exceptional offering consists of 3 APNs totaling .87 acres (zone of D & D-O) inclusive of an existing 12,870 SF office property together with one of the few remaining buildable parcels along Palm Desert's most prestigious commercial corridors. The property enjoys highly desirable south-facing frontage on El Paseo, providing outstanding visibility, exposure, and access along the Desert's luxury retail, dining, and professional services. The northern portion of the property fronts Highway 111, one of the Coachella Valley's primary commuter and commercial arteries, benefiting from traffic counts exceeding approximately 30,000 plus vehicles per day. The existing two-story office building provides immediate occupancy and income potential while the vacant front parcel offers a unique opportunity to create a retail location, signature office, or medical practice on one of Southern California's most sought-after business locations. Conceptual building renderings envision an approximate 2,500 SF building footprint capable of supporting up to 4,000 SF of additional two-story retail, office or medical space, subject to buyer verification and City approvals.
Investment highlights
- Rare combination of existing income, redevelopment potential, and one of the most visible locations in the Coachella Valley
- Situated on approximately 12,870± square feet of land with frontage on prestigious El Paseo and Highway 111
- Outstanding visibility, accessibility, and exposure from two of Palm Desert's busiest commercial corridors
- Existing building offers a solid foundation for an investor or owner-user seeking to modernize and reposition the asset
- Through thoughtful renovation and cosmetic improvements, the property has the potential to significantly enhance its appeal, increase rental rates, and maximize long-term value while continuing to generate income
- One of the few remaining sites along El Paseo with the ability for additional construction
- Potential to construct an approximately 2,500± square foot building footprint, accommodating a new additional two-story commercial building on the vacant portion of the parcel (subject to City of Palm Desert approval)
- Provides investors with the flexibility to create additional leasable space, establish a flagship owner-user location, or significantly increase the property's overall income-producing potential
- Properties offering dual frontage on El Paseo and Highway 111, combined with existing improvements, renovation upside, and future expansion potential, are exceptionally scarce
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