56945 29 Palms Hwy Yucca Valley, CA 92284

$1,525,000 Sold Price as of 11/30/2020

-- Beds
-- Baths
2,766 Sq.Ft.

Off Market

$1,525,000 Sold Price as of 11/30/2020 Refinance Your Mortgage

Map preview of 56945 29 Palms Hwy, Yucca Valley, CA 92284

Property Overview: 56945 29 Palms Hwy Yucca Valley, CA has -- bedrooms, -- bathrooms, 2,766 living square feet and 30,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

56945 29 Palms Hwy is currently an off market home in the city of Yucca Valley. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Yucca Valley has a median list price of $420,000. The median price per/sqft for Yucca Valley is $273. With those numbers in mind, if you are looking to purchase a median priced home in Yucca Valley, CA and put 20% down you will need to save up $84,000 for the down payment and will need roughly $8,400 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Yucca Valley the commission could be as much as $17,200. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 56945 29 Palms Hwy

Last sold for $1,525,000 on November 30th, 2020

July, 2024
Jul 1, 2024

Date

Expired

CRMLS: OC24007785

$8,000

Price
Jan 12, 2024

Date

Active

CRMLS: OC24007785

$8,000

Price
Listing provided courtesy of CRMLS

The property features an approximately ±2,960 square foot drive-thru building on an approximately ±29,185 SF legal parcel, leased to the largest Southern California KFC/Taco Bell Franchisee (70 units). Strategically located at the corner signalized intersection of 29 Palms Highway and Sage Ave, the property benefits from excellent traffic exposure of a combined approximately ±39,660 vehicles per day. Great visibility and convenient access at this prized location shows additional value for this low-price drive-thru investment. The subject property was built in 1985 and Tenant recently completed a full scale remodel (at Tenant’s cost) of the property in 2020, modernizing the building to the latest American Showroom design. The current lease term expires as of August 31, 2024 and Tenant has four (4) five (5) year options to extend. KFC’s historical ±35 years historical occupancy at the property as well as the substantial recent remodel demonstrates an excellent track record and Tenant’s continued commitment. Located on the busy 29 Palms Highway (U.S. State Route 62), this site is positioned along the primary arterial connecting I-10 to all the cities and towns in the Morongo Basin. The site further benefits from both its immediate proximity to Joshua Tree National Park 10-minutes away, and the Marine Corps Air Ground Combat Center (MCAGCC), also known as 29 Palms, which is the largest United States Marine Corps base on 998 square miles. Joshua Tree reported ±2,998,989 visitors in 2019 and MCAGCC has an average troop base population of 29,000, further supplementing the restaurant customer base.

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July, 2024
Jul 1, 2024

Date

Expired

CRMLS: OC24007781

$1,799,000

Price
Jan 12, 2024

Date

Active

CRMLS: OC24007781

$2,100,000

Price
Listing provided courtesy of CRMLS

PRICED TO SELL!! The property features an approximately ±2,960 square foot drive-thru building on an approximately ±29,185 SF legal parcel, leased to the largest Southern California KFC/Taco Bell Franchisee (70 units). Strategically located at the corner signalized intersection of 29 Palms Highway and Sage Ave, the property benefits from excellent traffic exposure of a combined approximately ±39,660 vehicles per day. Great visibility and convenient access at this prized location shows additional value for this low-price drive-thru investment. The subject property was built in 1985 and Tenant recently completed a full scale remodel (at Tenant’s cost) of the property in 2020, modernizing the building to the latest American Showroom design. The current lease term expires as of August 31, 2024 and Tenant has four (4) five (5) year options to extend. KFC’s historical ±35 years historical occupancy at the property as well as the substantial recent remodel demonstrates an excellent track record and Tenant’s continued commitment. Located on the busy 29 Palms Highway (U.S. State Route 62), this site is positioned along the primary arterial connecting I-10 to all the cities and towns in the Morongo Basin. The site further benefits from both its immediate proximity to Joshua Tree National Park 10-minutes away, and the Marine Corps Air Ground Combat Center (MCAGCC), also known as 29 Palms, which is the largest United States Marine Corps base on 998 square miles. Joshua Tree reported ±2,998,989 visitors in 2019 and MCAGCC has an average troop base population of 29,000, further supplementing the restaurant customer base.

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November, 2020
Nov 30, 2020

Date

Sold (Public Records)

Public Records

$1,525,000

Price

Tax History for 56945 29 Palms Hwy

Assessed Value (2020): $727,893

Year	Land Value	Improved Value	Assessed Value
2020	$288,617	$439,276	$727,893

About 56945 29 Palms Hwy

Detailed summary of property

56945 29 Palms Hwy is categorized with a use code of Fast Food Restaurant / Drive-Thru in Yucca Valley, CA 92284 and last sold on November 30, 2020 for $1,525,000. This property has -- bedrooms, -- bathrooms, roughly 2,766 living square feet, and sits on an approximately 30,000 square foot lot. Homes in Yucca Valley are selling for a median price of $344,000 and a median price per square foot of $238. Based on Ardent Real Estate Group's Yucca Valley Market Data, this home is sold 343.31% higher than the current median priced home. 56945 29 Palms Hwy was last sold on November 30, 2020 for $1,525,000. Local nearby listings include 7012 Newbury Ave, 5492 Newbury Ave and 1974 E Lynwood Dr #1C. The average home in Yucca Valley, CA is selling in 102 days. There are currently 306 homes for sale in the Yucca Valley real estate market and 305 of them are single family homes while 1 of them are condos and 0 are townhomes. If you are the homeowner and looking to sell the home at 56945 29 Palms Hwy Yucca Valley, CA 92284 contact Ardent Real Estate Group and we will put you in touch with one of our Yucca Valley agents.

Public Facts for 56945 29 Palms Hwy

Public county record property details

Beds: --
Baths: --
Year built: 1985
Sq. Ft.: 2,766
Lot Size: 30,000
Stories: --

Type: Fast Food Restaurant / Drive-Thru
Pool: No
Spa: No
County: San Bernardino
Lot#: 9
APN: 0595-312-03-0000

The source for these homes facts are from public records.

92284 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$420,000

Median List Price/Sq.Ft.

$273

Median Sold Price

$344,000

Median Sold Price/Sq.Ft.

$238

Total Inventory

306

Median Sale to List Price %

90.53%

Avg Days on Market

Loan Type

Conventional (40%), FHA (22.86%), VA (14.29%), Cash (14.29%), Other (8.57%)

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(714) 706-1823

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