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12155 Palm Drive, Desert Hot Springs, CA 92240

$1,049,000
Property Type: Commercial Sale Square Footage: 10,000 Status: Active
Current Price: $1,049,000 List Date: 3/14/2026 Last Modified: 4/07/2026

Description

High Visibility Commercial Investment Opportunity - Income Producing Prime commercial property with excellent visibility and strong upside potential. This well-located building offers investors or owner-users the opportunity to acquire a versatile multi-tenant property priced below replacement cost and at one of the lowest price-per-square-foot opportunities in the area. The property was previously occupied by World Gym and a sunglass retailer and is designed to support a variety of commercial uses including fitness, retail, showroom, office, or specialty service businesses. One unit is currently leased and generating rental income, while the remaining space provides an opportunity for owner occupancy or additional lease-up income. Investment Highlights • High-visibility commercial location with excellent exposure • Income producing property with current tenant in place • Large 27,878 SF lot with ample on-site parking • 10,000 SF building under roof • 37 on-site parking spaces • Flexible zoning allowing multiple commercial uses • Priced below replacement cost • One of the lowest price-per-square-foot opportunities in the area • Value-add potential through lease-up or repositioning Property Details Lot Size: ±27,878 SF Building Size: ±10,000 SF Parking: 37 spaces Current Tenant: Unit D (Income producing) Former Tenants: World Gym & Sunglass Retailer Additional Parcel: APN 641-042-048 Opportunity The former gym space is currently vacant and no longer contains weight equipment, providing a blank canvas for a new tenant or owner-user concept. With strong visibility, significant parking, and flexible use potential, the property is ideal for: • Fitness or training facility • Retail or showroom • Medical or wellness use • Office or professional services • Multi-tenant investment property This is a rare opportunity to acquire a well-located commercial property with existing income and significant upside potential. Perfect for investors seeking cash flow or business owners looking for a highly visible location to operate their business. Contact for pricing and additional details.

More Information MLS# 219144789

Listing, Location and Property Info

Entry Date: 2026-03-13

Business Type

Arts and Entertainment: 1 Athletic: 1 Health Services: 1 Professional/Office: 1 Retail: 1 Shopping Center: 1 Specialty: 1

Sale Type

Standard: 1

Listing Terms

Cash: 1

Financing

Cash: 1 Owner May Carry: 1 Private Financing Available: 1

Disclosures

Other: 1

Listing Location and Property Info

APN: 641042047 Status: Active Listing Date: 2026-03-13 Original List Price: 1119000 List Price: $1,049,000 Current Price: $1,049,000 Property Sub-Type: Retail Street #: 12155 Street Name: Palm Street Suffix: Drive County: Riverside State: CA Zip Code: 92240 Area: 340 - Desert Hot Springs Country: US

General Property Information

Approx SqFt: 10000 SqFt Source: Assessor Lot Size: 27878 Cross Streets: Palm Drive

Status Change Info

Status Change Date: 2026-03-13

Property Features

Business Type: Arts and Entertainment; Athletic; Health Services; Professional/Office; Retail; Shopping Center; Specialty Sale Type: Standard Financing: Cash; Owner May Carry; Private Financing Available Listing Terms: Cash Disclosures: Other
Listing Office: KW Coachella Valley
Listing Agent: James Guillermo
Last Updated: April - 07 - 2026
Information deemed reliable but not guaranteed.

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Hi, I'm Darlene Harwick and I provide real estate service to buyers and sellers in the Palm Springs area.

Darlene Harwick
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