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Position your business for success with this prime commercial opportunity located on highly trafficked Highway 111 in the heart of Palm Desert. 73338 Highway 111 offers exceptional visibility, steady daily traffic, and easy access--making it an ideal location for a variety of business uses.Strategically situated directly across from El Paseo Shopping District, Palm Desert's premier luxury shopping and dining destination, this property benefits from high-end foot traffic and strong surrounding demographics.The property is currently operating as a stylish lounge/bar, featuring a versatile layout that can easily be adapted to fit your vision. In addition to the main building, the property includes 7 front units that can be utilized as office spaces, creating a unique opportunity for additional rental income, business expansion, or multi-tenant use.With strong frontage along one of the desert's main corridors, this location provides incredible signage exposure and brand recognition opportunities. Surrounded by established businesses, shopping, dining, and just minutes from key destinations like Acrisure Arena, the property benefits from both local and visitor traffic year-round.Whether you're looking to expand, invest, or launch a new concept, this is a rare opportunity to secure a high-demand commercial location in the Coachella Valley.Don't miss your chance to capitalize on one of Palm Desert's most sought-after business corridors.
Listing agent: Nicole Beck DRE #02026148 beckrealestategroupinc@gmail.com, Listing office: C 21 Coachella Valley RE
MLS data updated 10/19/2026, 5:35:54 AM PT
Source: CRMLS, MLS #: 219147009DA
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Apr 27, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,995,000Original asking price · Apr 27, 2026ZIP 92260 · Apr 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.