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11555 Palm Dr, Desert Hot Springs, CA 92240
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11555 Palm Dr Desert Hot Springs, CA 92240

$650,000
  • -- Beds
  • -- Baths
  • 1,960 Sq.Ft.
For Sale
$650,000 Get Pre-Qualified
Map preview of 11555 Palm Dr, Desert Hot Springs, CA 92240

Property Overview: 11555 Palm Dr Desert Hot Springs, CA has -- bedrooms, -- bathrooms, 1,960 living square feet and 7,405 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Excellent Investment Opportunity, property was previously leased to Cannabis Dispensary, which is the highest and best use, excellent location if you wish to transfer your Cannabis License to the subject property. Can also be used for medical office, and retail uses. Property is situated in a very high traffic location, excellent visibility, and exposure to busy intersection, close to Resort Hotels, Restaurants, Downtown shops, City Hall, Police, and City work centers. Priced below replacement costs. Lease option considered.

Listed by Orlando Montero | BRE #01273733 | Orlando Montero, Broker
Last checked: 18 seconds ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 32
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Home details

Lot Sq. Ft
7,405
HOA Dues
$0/mo
Year built
1989
Garage
--
Property Type:
Retail
Status
Active
MLS#
SW24081545
City
Desert Hot Springs
County
Riverside
Time on Site
38 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 11555 Palm Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • None
Interior Features
  • Security Features: Fire Sprinkler System, Security System
Exterior Features
Exterior Information
  • Roof: Rolled/Hot Mop
  • Has Fence
  • Block
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 639241021
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Take I-10 and Exit Palm Drive, Head North until you reach property on Left hand side.
View more facts & features

Local Desert Hot Springs Agent

Sale History for 11555 Palm Dr

Last sold for $475,000 on August 14th, 2018

  • April, 2024

  • Apr 23, 2024

    Date

    Active

    CRMLS: SW24081545

    $650,000

    Price

  • July, 2023

  • Jul 13, 2023

    Date

    Canceled

    CRMLS: EV23077919

    $500,000

    Price

  • May 6, 2023

    Date

    Active

    CRMLS: EV23077919

    $599,900

    Price

  • Listing provided courtesy of CRMLS

    **COMMERCIAL BUILDING OPPORTUNITY** FULLY IMPROVED PRIME COMMERCIAL PROPERTY IN THE HEART OF DESERT HOT SPRINGS. THE BUILDING FEATURES 2 ENTRY DOORS, A LARGE RECEPTION AREA, OPEN LAYOUT THAT OFFERS FLEXIBLE CONFIGURATIONS WITH 2 BATHROOMS, MULTIPLE OFFICE SPACES, STORGAGE ROOMS, SECURITY CAMERAS, AND METAL ROLL DOWN SECUIRTY DOORS FOR ALL EXTERNAL DOORS AND WINDOWS. CURRENT DESIGN IS SET UP FOR A CANNABIS DISPENSARY, BUT CAN BE USED FOR MEDICAL OFFICE OR RETAIL SPACE. THERE ARE 7 PARKING SPACES, ONE RESERVED FOR HANDICAPPED PARKING. THIS LOCATION OFFERS HIGH EXPOSURE AND EASY ACCESS ON BUSY PALM DRIVE THAT CONSISTS OF 4 LANE ARTERIAL STREET WITH A HIGH TRAFFIC COUNT MAKING IT THE PRIME LOCATION FOR YOUR NEXT BUSINESS VENTURE.

  • December, 2022

  • Dec 24, 2022

    Date

    Canceled

    CRMLS: SW22193545

    $675,000

    Price

  • Sep 2, 2022

    Date

    Active

    CRMLS: SW22193545

    $675,000

    Price

  • Listing provided courtesy of CRMLS

  • August, 2018

  • Aug 14, 2018

    Date

    Sold (Public Records)

    Public Records

    $475,000

    Price

  • August, 2018

  • Aug 14, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2014

  • Dec 23, 2014

    Date

    Price Change

    CRMLS: CC336726

    $249,900

    Price

  • Dec 16, 2014

    Date

    Price Change

    CRMLS: CC336726

    $299,900

    Price

  • Nov 15, 2014

    Date

    Price Change

    CRMLS: CC336726

    $389,900

    Price

  • Nov 15, 2014

    Date

    Price Change

    CRMLS: CC336726

    $349,900

    Price

  • Jul 18, 2014

    Date

    Price Change

    CRMLS: CC336726

    $299,900

    Price

  • Listing provided courtesy of CRMLS

    Palm Drive Building Great Location and plenty of parking spaces in great condition. This building offers mixed usage and can be separated into two for dual purposes.. Comments Title: Great Location 8 parking spaces. Good Shutter on front door and windows.

  • July, 2014

  • Jul 18, 2014

    Date

    Canceled

    CRMLS: CC313125

    $199,900

    Price

  • Jun 21, 2011

    Date

    Active

    CRMLS: CC313125

    --

    Price

  • Listing provided courtesy of CRMLS

    GREAT LOCATION AND PLENTY OF PARKING SPACES. THIS BUILDING OFFERS MIXED USAGE AND CAN BE SEPERATED INTO TWO FOR DUAL PURPOSE..

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Tax History for 11555 Palm Dr

Assessed Value (2021): $484,500
Year Land Value Improved Value Assessed Value
2021 $61,200 $423,300 $484,500

Home Value Compared to the Market

This property vs the competition

11555 Palm Dr is listed 48.06% higher than the median list price for the city of Desert Hot Springs which has a median list price of $439,000. The median price per/sqft for Desert Hot Springs is $272 and this home is listed at $331.63 per/sqft which puts the price per square foot 21.92% higher than the median price per square foot for the city of Desert Hot Springs.

About 11555 Palm Dr

Detailed summary of property

11555 Palm Dr is a retail located in Desert Hot Springs, CA 92240 and is currently for sale. This retail property offers -- bedrooms, -- bathrooms, roughly 1,960 living square feet, and sits on an approximately 7,405 square foot lot. 11555 Palm Dr was first listed on ArdentRealEstateGroup.com on April 24, 2024. The homeowner is currently asking $650,000. The median priced home in Desert Hot Springs is $439,000 with a median price per square foot of $272. Based on Ardent Real Estate Group's Desert Hot Springs Market Data, this home is listed 48.06% higher than the median priced home. Local competing homes currently for sale include 421 N Central Ave, 423 N Central Ave and 145 E Bonita Ave. While the average home in Desert Hot Springs, CA is selling in 117 days, 11555 Palm Dr has a days on market of 32 days. There are currently 231 homes for sale in the Desert Hot Springs real estate market and 216 of them are single family homes while 14 of them are condos and 1 are townhomes. For more information on this home for sale at 11555 Palm Dr Desert Hot Springs, CA 92240 contact Ardent Real Estate Group and we will put you in touch with one of our Desert Hot Springs agents.

Public Facts for 11555 Palm Dr

Public county record property details
Beds
--
Baths
--
Year built
1989
Sq. Ft.
--
Lot Size
7,405
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
Riverside
Lot#
2
APN
639-241-021

The source for these homes facts are from public records.

92240 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$425,000
Median List Price/Sq.Ft.
$266
Median Sold Price
$420,000
Median Sold Price/Sq.Ft.
$252
Total Inventory
206
Median Sale to List Price %
98.82%
Avg Days on Market
62
Loan Type
Conventional (37.14%), FHA (22.86%), VA (5.71%), Cash (5.71%), Other (22.86%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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