71956 Magnesia Falls Dr, Rancho Mirage, CA 92270
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Sold Price :
$1,400,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1963
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
71956 Magnesia Falls Dr |
| City |
Rancho Mirage |
| State |
CA |
| Zip |
92270 |
| County |
Riverside |
| Listing Agent |
Declan Marmion DRE #02216045 |
| Courtesy Of |
Harcourts Desert Homes |
| Close Price |
$1,400,000 |
| Status |
Closed |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
23,087 |
| Year Built |
1963 |
Listing information courtesy of: Declan Marmion, Harcourts Desert Homes. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 13th, 2024 at 7:14 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
