12155 Palm Drive, Desert Hot Springs, CA 92240 (MLS # 219144789DA)
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High Visibility Commercial Investment Opportunity - Income ProducingPrime 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 repositioningProperty DetailsLot Size: +/-27,878 SFBuilding Size: +/-10,000 SFParking: 37 spacesCurrent Tenant: Unit D (Income producing) Former Tenants: World Gym & Sunglass RetailerAdditional Parcel: APN 641-042-048OpportunityThe 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.
| DAYS ON MARKET | 0 | LAST UPDATED | 6/3/2026 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | 340 - Desert Hot Springs |
| COUNTY | Riverside | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Apr 6, '26 | $1,119,000 |
|---|---|
| Apr 6, '26 - Jun 3, '26 | $1,049,000 |
| Jun 3, '26 - Today | $999,000 |
| ADDITIONAL DETAILS | |
| AREA | 340 - Desert Hot Springs |
|---|---|
| LOT | 0.64 acre(s) |
| LOT DIMENSIONS | 27878 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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