Grapevine Plaza | 73640-73690 El Paseo
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Grapevine Plaza 73640-73690 El Paseo
11,023 SF 100% Leased Retail Building Palm Desert, CA 92260 $10,535,100 CAD ($956 CAD/SF)
Investment Highlights
- Available For Sale for the first time in many years!
- Multi-use, eclectic and iconic Property!
- Unique opportunity to acquire a landmark Property on the corner of El Paseo and Larkspur Lane in the "Heart" of it ALL!
- Historically operates at 100% occupancy!
Executive Summary
GRAPEVINE PLAZA .... Available For Sale for the first time in many years! This is truly a unique opportunity to acquire a landmark Property on the corner of El Paseo and Larkspur Lane, across from The Gardens in the "Heart" of El Paseo's Shopping, Dining and Entertainment District! This multi-use, eclectic Property has been a Palm Desert icon for many years and will remain an integral part of the El Paseo experience for many years to come! Providing unobstructed street frontage on one of the busiest corners of El Paseo with ample on-street front parking and abundant private rear parking, this Property historically operates at 100% occupancy. Adjacent to many world-renown Retailers, numerous trendy Restaurants/Lounges, multiple Resorts/Boutique Hotels and several elite neighborhoods, this Property contains a synergistic mix of long-term, successful tenants, including Cafe Des Beaux-Arts Restaurant, Lumpy Bunny Children's Store, Sophia's Shoe Salon, Wayne's Collection Women's Wear, Valley View Dental, The Sandy Mane Salon and Engel & Volkers Real Estate!
Located on the northeast corner of El Paseo and Larkspur Lane.
Located on the northeast corner of El Paseo and Larkspur Lane.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,023 SF
Building Class
B
Year Built
1970
Price
$10,535,100 CAD
Price Per SF
$956 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Land Acres
0.86 AC
Zoning
C1SP - Neighborhood Commercial
Frontage
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Walk Score ®
Very Walkable (87)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 627-212-005 | Improvements Assessment | $1,675,985 CAD |
| Land Assessment | $911,631 CAD | Total Assessment | $2,587,616 CAD |
PROPERTY TAXES
Parcel Number
627-212-005
Land Assessment
$911,631 CAD
Improvements Assessment
$1,675,985 CAD
Total Assessment
$2,587,616 CAD
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Grapevine Plaza | 73640-73690 El Paseo
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