$1,100,000
71956 Magnesia Falls Dr Rancho Mirage, CA 92270
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$1,100,000
Est. payment /mo
5,000 SqFt
Active Under Contract
71956 Magnesia Falls Dr Rancho Mirage, CA 92270
UPDATED:
10/23/2024 08:17 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $220
MLS Listing ID 219115991
HOA Y/N No
Year Built 1963
Lot Size 0.530 Acres
Acres 0.53
Property Description
Live Auction! Bidding to start from $1,100,000! Prime Location: Nestled between Palm Springs and Palm Desert, the property is well positioned in a high-traffic area with excellent visibility. Its proximity to key landmarks like Eisenhower Hospital and El Paseo, further enhance its appeal. The Coachella Valley is experiencing significant population growth, which is expected to continue over the next few years. This demographic trend can drive demand for healthcare services and retail establishments, benefiting the Professional Eye Center. At the intersection of CA-111 and Magnesia Falls Dr, the office enjoys high visibility and heavy daily traffic, making it easily accessible and highly noticeable. The office boasts 5,000 sf of rentable space with a lot size of 23,087 sf. Current rent is $12,000 per month. Business wants to continue paying similar rent to new property owner. The layout includes private exam rooms, a circular flow design for patients, and a dedicated eyeglass and contact lens center, which generates ancillary revenue. The building offers covered/ uncovered parking options. Cash flow from Day 1 is a significant advantage. Being in an affluent location, it likely attracts a higher-end clientele who may be seeking premium eye care services. Overall, this location seems ideal for a business in the healthcare or retail sector, particularly for optometry or related fields, due to its strategic positioning, high visibility, and robust local market growth.
Location
State CA
County Riverside
Area 321 - Rancho Mirage
Building
Story 1
Others
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Auction
Listed by Harcourts Desert Homes
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