73951 El Paseo, Palm Desert, CA 92260

73951 El Paseo, Palm Desert, CA 92260

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Commercial property for sale

• Description
• Prime commercial corner on famed El Paseo. 15,600 SF Retail Plaza (Bldg One) and 7,391 SF Restaurant (Bldg Two) with 300 front feet on El Paseo. Excess land for future development, plus additional non-contiguous parcel for overflow and valet parking. This is a 100% leased investment (partial, NNN owner-lease-back) providing steady income while the new owner implements a redevelopment plan for additional retail or hotel development. Mitch's restaurant is on a 5 year lease beginning 2013 with two 5-year options w/escalators.To review OFFERING MEMORANDUM goto: www.lee-desert.com Building price details: $8,750,000.
• Exterior Features

• Parking:	Yes
  Parking Spaces:	25
  Parking Type:	Surface

• Map Locations
• Contact info
• Maggie Montez

  760-346-2520 [Office]

  Lee & Associates Commercial Real Estate Services
• Note

• Details Info about this row that located on 73951 El Paseo, Palm Desert, CA 92260 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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