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82935 Avenue 48
Indio, CA 92201

Price: $1,500,000 Zoning: CC
Bldg SF: 13,969 SF Price/SF: $107
Land SF: 55,321 SF Occupancy: Vacant
Parking: 60 Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Ben Brownstein
(818) 212-2812
ben.brownstein@marcusmillichap.com
License # 02012808

Address: 82935 Avenue 48, Indio, CA 92201
Bldg SF: 13,969 SF
Land SF: 55,321 SF
Pro Forma CAP Rate: 11.18%
Price/SF: $107
Occupancy:  Vacant
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Ben Brownstein
(818) 212-2812
ben.brownstein@marcusmillichap.com
License # 02012808

Investment Highlights

Vacant Former Fresh & Easy Supermarket Building on Large Parcel of Land

 

  • 13,969 square foot former neighborhood supermarket

 

  • 55,321 square feet of land zoned CC

 

  • Multitude of potential uses including restaurant, retail, office and medical

 

  • Excellent parking with 60 surface parking spaces (4.30 per 1,000 SF)

 

  • Fresh & Easy Market successfully operated out of this location for many years

 

Unique Ideal Owner-User or Investment Opportunity

 

  • Newly renovated interior and exterior building with approximately $350,000 in improvements

 

  • Property can immediately be occupied by an Owner-User who wants to operate their business at this location

 

  • An investor can re-position the site and generate significant returns

 

  • Large parcel of land zoned CC offers a multitude of options that can be used for retail, general office, or medical office

 

  • Vacancy allows for flexible value add or owner-user opportunity

 

  • Owner-User Buyer or an Investor can take advantage of 1.27 acres of land in the heart of Indio along a main thoroughfare and re-purpose the property to a different usage

 

Excellent Coachella Valley Location

 

  • A number of national retailers are within close proximity, further articulating the strength of the location

 

  • Immediate national retailers include Subway, McDonalds, Starbucks, Taco Bell, Wingstop, Bank of America, Western Union, Walmart, and Walgreens

 

  • Excellent Ingress and Egress with multiple access points

 

  • Outstanding Visibility with over 192 feet of frontage along Avenue 48

 

  • Ideally located directly adjacent to the widely-known Coachella Valley Music & Arts Festival fairgrounds, which brings hundreds of thousands of people each year

 

Dense Coachella Valley Submarket

 

  • Over 160,000 people within a five-mile radius

 

  • Affluent submarket with strong household income north of $70,000

 

  • Median home value north of $300,000 within a five-mile radius