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9,506 SF Multi-Tenant Commercial

$2,950,000

73993 California 111, Palm Desert, CA 92260

Active
Last Updated: 05/18/2026

2.78

Cap Rate

D-O (Downtown Core Overlay)

Zoning

Details:
Cap Rate:    2.78%
Zoning:    D-O (Downtown Core Overlay)
Tenancy:    Multiple
Highlights:
  • 9,506 SF multi-tenant commercial building in the heart of Palm Desert
  • Ideal medical/professional building
  • Prime location at the signalized corner of Highway 111 and Portola Ave, with 54,071 average cars per day
  • Well-maintained property with covered parking onsite plus abundant parking in the adjacent public parking lot
  • High visibility with excellent signage
  • Affluent demographics
  • The 6,000 SF lower level is on a month-to-month master lease which presents an ideal owner/user opportunity with high-quality tenants on the second level
Description:

- 9,506 SF multi-tenant commercial building in the heart of Palm Desert
- Ideal medical/professional building
- Prime location at the signalized corner of Highway 111 and Portola Ave, with 54,071 average cars per day
- Well-maintained property with covered parking onsite plus abundant parking in the adjacent public parking lot
- High visibility with excellent signage
- Close proximity to El Paseo, the Coachella Valley’s premier luxury shopping and dining destination with businesses such as Gucci, Restoration Hardware, Louis Vuitton, Mastro’s Steakhouse, Anthropologie, Apple, and more!
- Affluent demographics
- The 6,000 SF lower level is on a month-to-month master lease which presents an ideal owner/user opportunity with high-quality tenants on the second level

Map:
Documents:
Title
PD_-_73993_Highway_111__OM_.pdf
PD_-_73993_Highway_111.pdf
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Location
Gallery