Under contract

Active Under Contract

71956 Magnesia Falls Dr

Rancho Mirage CA, 92270

$1,100,000


Under contract

Active Under Contract

Commercial

Built in 1963

Listed by Declan Marmion with Harcourts Desert Homes (949) 309-9397

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.

219115991DA

MLS ID

August 29, 2024

Listed

December 5, 2024

Updated

Map

71956 Magnesia Falls Dr
Rancho Mirage CA, 92270

Interior Features

Total Stories

1


Fireplace

No


Cooling

No


Heating

Yes

Exterior/Building Features

Lot Size

0.53 Acres

Other Property Details

Area Name

321 - Rancho Mirage


Days on Market

97


Garage

No


Parking Total

0


View

No


County

Riverside


Pool

No

Listing History

Date

Event

Price

10/23/2024

Under contract

Listing Contact: (760) 864-4100 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/5/2024 at 9:19 AM UTC

 

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