72261 Highway 111 Palm Desert, CA ^$ 5,967,000

72261 Highway 111

^$ 5,967,000

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72261 Highway 111

Palm Desert, CA, 92260

^$ 5,967,000

Bedrooms-- Baths-- Sq 19,123

Monthly Estimate*

^$ 37,226

Listed by Synergy Real Estate

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Commercial Property for sale in Palm Desert, CA

for $5,967,000. This 19,123 square foot building was built in 1986 on a lot size of 2.57.

Ideally located street front retail on major thoroughfare throughout the entire Coachella Valley - CA Hwy 111 Daily Needs Center located in retail epicenter in the heart of the Coachella Valley with an outstanding variety of boutiques, thrift stores and major retailers Located in the Hub of shopping, dining, entertainment in the Heart of Palm Desert- Highway 111 is home to many of Palm Desert’s major retailers. Here, you’ll find familiar names like Target, Saks Off Fifth, Bed Bath and Beyond, Marshall’s, TJ Maxx, Nordstrom Rack and more. Another popular thoroughfare for shopaholics, Monterey Avenue, which is sprinkled with both shopping plazas and major retailers like Walmart, Sam’s Club and Lowe’s. Affluent / Country Club Location - located against the backdrop of the San Jacinto Mountains with over 150 golf courses throughout Coachella Valley and where home prices span from $1M to $40M

Commercial Active

Price

^$ 5,967,000

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

2.57

Year Built

1986

Town/City

Palm Desert

County/Region

Riverside

MLS | Web ID

PW25255265

Days on Market

Features

General

Heating See Remarks

Cooling Central Air

Utilities Cable Available Electricity Available Electricity Connected Natural Gas Available Natural Gas Connected Sewer Available Sewer Connected Water Available Water Connected

Year Built 1986

Property Subtype Retail

Tax Year 2025

Business Type Accounting Administrative and Support Barber/Beauty Build to Suit Bar/Tavern/Lounge Commercial Dental Education/School Employment Food & Beverage Franchise Fitness Gift Shop Health Food Hobby Health Services Ice Cream/Frozen Yogurt Jewelry Medical Mixed Multi-Tenant

County Riverside

Operating Expense 70707

Property Type Commercial Sale

Special Listing Conditions Standard

Status Active

Directions Google map

City Palm Desert

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 111949

Number of Units Leased 6

Listing Terms Cash to New Loan 1031 Exchange

Land Lease Y/N 0

Current Financing Other

Additional Parcels Y/N 0

Building Area Units Square Feet

Standard Status Active

Occupancy Type Tenant

Year Built Source Owner

Property Sub Type Additional Retail

Interior

Total Stories 2

Air Conditioning Y/N 1

Heating Y/N 1

Laundry Features None

Entry Level 1

Exterior

Lot Features Irregular Lot Lot Over 40000 Sqft

Water Source Public

Lot Size Area 111949

Number of Buildings 1

Building Area Total 19123

Lot Size Acres 2.57

Lot Size Source Assessor

* Excluded Features

List By

Synergy Real Estate

Broker

richpark75@gmail.com

Affordability Calculator

$37,226

Per Month

Monthly Principal & Interest: $37,226
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Palm Desert, CA

Average List Price ^$2,216,739

Percent of Sale Price 63%

About Palm Desert, CA

53,356 Population

23% Since 2002

^$59,396 Median Income

54.08 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/28/2025	$5,967,000		Listed Price

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72261 Highway 111, Palm Desert, CA, 92260 is a Commercial Property for sale at $5,967,000 with 19,123 sqft and a lot size of 2.57. 72261 Highway 111 was built in 1986. The property's zip code is 92260 which is in Palm Desert, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/10/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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72261 Highway 111

Commercial Property for sale in Palm Desert, CA

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