Images
Request Info$5,967,000
Active
72261 Highway 111 Overview
- Time on Site:
- 235 days
- Visits:
- 1
Ideally located street front retail on major thoroughfare throughout the entire Coachella Valley - CA Hwy 111 Daily Needs Center located in retail epicenter in the heart of the Coachella Valley with an outstanding variety of boutiques, thrift stores and major retailers Located in the Hub of shopping, dining, entertainment in the Heart of Palm Desert- Highway 111 is home to many of Palm Desert’s major retailers. Here, you’ll find familiar names like Target, Saks Off Fifth, Bed Bath and Beyond, Marshall’s, TJ Maxx, Nordstrom Rack and more. Another popular thoroughfare for shopaholics, Monterey Avenue, which is sprinkled with both shopping plazas and major retailers like Walmart, Sam’s Club and Lowe’s. Affluent / Country Club Location - located against the backdrop of the San Jacinto Mountains with over 150 golf courses throughout Coachella Valley and where home prices span from $1M to $40M
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
72261 Highway 111 Facts & Features
- Type Commercial
- Sq. ft. 19,123
- Price/Sq.ft. $312
- Lot 2.57 Acres
Details
General
Association/HOA
- Common Interest: None
Income/Expenses
- Gross Scheduled Income: 334425.08
- Operating Expense: 70707.0
Building Information
- Year Built: 1986
Business Information
- Business Type: Accounting,Administrative and Support,Barber/Beauty,Build to Suit,Bar/Tavern/Lounge,Commercial,Dental,Education/School,Employment,Food & Beverage,Franchise,Fitness,Gift Shop,Health Food,Hobby,Health Services,Ice Cream/Frozen Yogurt,Jewelry,Medical,Mixed,Multi-Tenant
Location/Region
- Country: US
- County Or Parish: Riverside
- MLS Area Major: 699 - Not Defined
- Postal City: PALM DESERT
Rent/Lease Information
- Land Lease: No
Tax Information
- Tax Year: 2025
General Information
- Listing Terms: Cash to New Loan,1031 Exchange
- Parcel Number: 640020055
- Property Sub Type: Retail
- Property Type: Commercial Sale
- Special Listing Conditions: Standard
Interior
Building Interior
- Building Area Total: 19123.0
- Building Area Units: Square Feet
General Information
- Entry Level: 1
- Laundry Features: None
- Leasable Area Units: Square Feet
- Living Area Source: Owner
- Stories Total: 2
Exterior
Lot Information
- Additional Parcels: No
- Lot Features: Irregular Lot,Lot Over 40000 Sqft
- Lot Size Acres: 2.57
- Lot Size Area: 111949.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 111949.0
- Lot Size Units: Square Feet
- Number Of Buildings: 1
- Water Source: Public
General Information
- Number Of Units Leased: 6
- Utilities: Cable Available,Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Available,Sewer Connected,Water Available,Water Connected
72261 Highway 111 Neighborhood
Palm Desert
Palm Desert is located in the heart of the Coachella Valley and offers an incredible arts scene, exceptional outdoor recreation facilities, lush golf courses, and the best shopping in the Coachella Valley.
Community
92260 (Palm Desert) Demographics
53
Median Age
1,211
Population Density (per sq. mile)
46%
College Educated
$61,161
Estimated Median Income
9,677
Estimated Total Home Owners
5,891
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.72261 Highway 111 Monthly Cost
72261 Highway 111 Market Data
Based on the last 30 days in this zip code
$1,068,718
Average List Price
$518
Average Price per Square Foot
82
Properties Sold
96
Average Days on Market
691
Properties for Sale
72261 Highway 111 History
| Date | Value | Agent |
|---|---|---|
| 11/6/2025Source: CRMLS | November 06, 2025 |
Listing provided courtesy of Synergy Real EstateRichard Park- MLS# PW25255265
Contact Information: 562-696-6515
Contact Information: 562-696-6515