Palm Desert, CA 92260
$3,999,900

Mark Quesada
Broker / Owner
DRE #02101365
-SELLER FINANCING AVAILABLE -A Rare El Paseo Development & Investment Opportunity Located on world-famous El Paseo, this exceptional offering consists of 3 APNs (zone of D & D-O) inclusive of an existing 12,870 SF office property together with one of the few remaining buildable parcels along Palm Desert's most prestigious commercial corridors.The property enjoys highly desirable south-facing frontage on El Paseo, providing outstanding visibility, exposure, and access along the Desert's luxury retail, dining, and professional services. The northern portion of the property fronts Highway 111, one of the Coachella Valley's primary commuter and commercial arteries, benefiting from traffic counts exceeding approximately 30,000 plus vehicles per day The existing two-story office building provides immediate occupancy and income potential while the vacant front parcel offers a unique opportunity to create a retail location, signature office, or medical practice on one of Southern California's most sought-after business locations. Conceptual building renderings envision an approximate 2,500 SF building footprint capable of supporting up to 4,000 SF of additional two-story retail, office or medical space, subject to buyer verification and City approvals.Surrounded by luxury retailers, fine dining establishments, resorts, and professional services, this offering presents a rare combination of current utility and future development potential. Whether utilized as a professional office headquarters, medical practice, owner-user property, investment asset, or redevelopment opportunity, this site offers flexibility rarely found on El Paseo.Property HighlightsExisting 12,870 SF professional office building.Rare additional buildable parcel on El Paseo.South-facing frontage on El PaseoNorth-side frontage and visibility from Highway 111.Potential +/-2,500 SF building footprintwith +/-4,000 SF two-story expansion (buyer to verify)Dedicated on-site parking serving both buildings.Premier Palm Desert locationIdeal for mixed use, investment, or owner-user opportunitiesSignificant long-term value-add potentialWorld-class location. World-class visibility.World-class potentialOpportunities to acquire a property with existing improvements, future development potential, dual-corridor exposure, and an iconic El Paseo address are extraordinarily rare. This is a chance to create a landmark property in a landmark location. Call for details
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$29,520/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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Interior
Construction
Lot & parking
$638,750
Median sale price
77 days
Avg days on market
95.7% of list
Sells for
Closed sales in 92260 over the last 6 months, all home types.
Listed by Richard MacMillan, Equity Union
Co-listed by Paige Maccio-Smith, Equity Union
MLS# 219149159DA · Active
Actual closed sales from the MLS — not estimates.
History reflects records reported to the MLS and may be incomplete.