73993 Hwy 111, Palm Desert, CA 92260 (MLS# 219147555)

73993 Hwy 111, Palm Desert, CA 92260

$2,950,000

Property Type: Commercial Sale Square Footage: 9,790 Lot Size (sq. ft.): 11,761 Status: Active

Current Price: $2,950,000 List Date: 5/07/2026 Last Modified: 9/11/2026

Overview

Description

9,790 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. 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. *DO NOT DISTURB TENANTS* Call office for more information at (760) 360-8200 or Susan Harvey at (760) 250-8992.

Listing Details MLS# 219147555

General Property Information

Approx SqFt: 9790
SqFt Source: Other
Lot Acres: 0.27
Lot Size Source: Assessor
Year Built: 2000

Property Features

Business Type: Professional/Office Sale Type: Standard Financing: Cash Listing Terms: Cash Showing Access: Appointment w/List Office Lot Features: Corner Lot; Landscaped; Level with Street Parking Features: Additional Parking; On Site; Parking Lot Asset Class: Office Road Surface Type: Paved Heating: Central Search Tags: Medical/Dental; Office/Retail; Retail/Office Water: On Site Utilities: Electricity Connected; Sewer Connected; Water Connected Disclosures: CC & R; Property As Is

Listing Location and Property Info

APN: 627222058
Original List Price: 2950000
Property Sub-Type: Office
Street #: 73993
Street Name: Hwy 111
County: Riverside
State: CA
Zip Code: 92260
Area: 323 - Palm Desert South
Country: US

Status Change Info

Status Change Date: 2026-05-07

Business Info

Cap Rate: 2.78
Cooling: Yes
Office Type: Multi Tenant
Sale or Lease: Sale and Lease

Listing, Location and Property Info

Entry Date: 2026-05-07

More Information

Business Type

Professional/Office: Yes

Utilities

Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Sale Type

Standard: Yes

Road Surface Type

Paved: Yes

Listing Terms

Cash: Yes

Financing

Cash: Yes

Showing Access

Appointment w/List Office: Yes

Lot Features

Corner Lot: Yes
Landscaped: Yes
Level with Street: Yes

Parking Features

Additional Parking: Yes
On Site: Yes
Parking Lot: Yes

Asset Class

Office: Yes

Disclosures

CC & R: Yes
Property As Is: Yes

Heating

Central: Yes

Search Tags

Medical/Dental: Yes
Office/Retail: Yes
Retail/Office: Yes

Water

On Site: Yes

Documents

Brochure ›

OM ›

Listing Office: Desert Pacific Properties

Listing Agent: Susan Harvey

Last Updated: September - 11 - 2026

Information deemed reliable but not guaranteed.