72620 El Paseo 1508, Palm Desert, CA 92260

Property Description

Ready for business. +/-8,800 SF freestanding fully fixturized former restaurant building, with enclosed service yard, is located near the intersection of El Paseo and Highway 111 within the busy Palms to Pines shopping center. This site is ideal for an owner-user or, with the right tenant, an investment opportunity. Recently renovated both aesthetically and mechanically , the building has 7 new AC units, 4 tankless water heaters, LED lighting, modern low maintenance desert landscaping, freshly painted inside and out, and the list is too long to fit within the allotted space! The fully functioning upgraded kitchen and FF&E, walk in's, keg refrigeration box, 2500 gallon grease interceptor, separate walk in refrigeration box for kegs, massive functioning bar, extensive outdoor areas, and multiple hoods will eliminate a huge amount of time and expense with governmental licensing and supply chain woes. Average household income for the immediate trade area is $74,477. Permanent, Coachella Valley population is 463,000 seasonal population swells during peak travel season with an estimated 3.0 million visitors per year.By the way: El Paseo is experiencing a historically low vacancy rate.Palm Desert's outstanding quality of life offers residents and visitors of all ages a wide array of recreational, educational, shopping, housing and entertainment opportunities and cultural activities and world-class events in a uniquely beautiful desert environment.