For sale · Active

73993 Hwy 111

Palm Desert, CA 92260

$2,950,000
Lot size0.27 acres
Property typeCommercial Sale
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Listing broker / agent: Desert Pacific Properties · Susan Harvey · CRMLS

MLS # 219147555DA · Last checked Oct 19, 2026 06:57 UTC

About this property

9,790 SF multi-tenant commercial building in the heart of Palm Desert. Ideal medical/professional building. Prime location at the signalized corner of Highway 111 and Portola Ave, with 54,071 average cars per day. Well-maintained property with covered parking onsite. High visibility with excellent signage. Close proximity to El Paseo, the Coachella Valley's premier luxury shopping and dining destination with businesses such as Gucci, Restoration Hardware, Louis Vuitton, Mastro's Steakhouse, Anthropologie, Apple, and more! Affluent demographics. The 6,000 SF lower level is on a month-to-month master lease which presents an ideal owner/user opportunity with high-quality tenants on the second level. *DO NOT DISTURB TENANTS* Call office for more information at (760) 360-8200 or Susan Harvey at (760) 250-8992.

Property details

MLS number
219147555DA
Status
Active
Type
Commercial Sale
Lot size
0.27 acres
County
Riverside
Year built
2000
More property detailsExpandCollapse

Listing

Days on market
127

Building

Year built
2000

Rooms & interior

Heating
Central

Exterior & parking

Total parking spaces
0
Lot features
Corner Lot, Landscaped, Street Level
Lot size source
Assessor

Utilities & community

Utilities
Electricity Connected

Fees & lease terms

Association fee
$0.00
Explore the area

Nearby public schools

Within 5 miles

Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.

Nearby California public school locations, sorted by distance
School / districtGradesDistance
George Washington Charter (school website, opens in a new tab) Desert Sands Unified · Palm Desert K–5 0.3 mi
Abraham Lincoln Elementary (school website, opens in a new tab) Desert Sands Unified · Palm Desert K–5 0.9 mi
Palm Desert Charter Middle (school website, opens in a new tab) Desert Sands Unified · Palm Desert 6–8 0.9 mi
Altus Schools Coachella Valley (school website, opens in a new tab) Riverside County Office of Education · Palm Desert 7–12 1.1 mi
Palm Desert High (school website, opens in a new tab) Desert Sands Unified · Palm Desert Not reported 1.3 mi
James Earl Carter Elementary (school website, opens in a new tab) Desert Sands Unified · Palm Desert K–5 1.8 mi
Rancho Mirage Elementary (school website, opens in a new tab) Palm Springs Unified · Rancho Mirage K–5 3.0 mi
Gerald R. Ford Elementary (school website, opens in a new tab) Desert Sands Unified · Indian Wells K–5 3.6 mi

Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.

Check the California School Directory ↗

Price and tax history

Asking price

Current asking price
$2,950,000
MLS-reported original asking price
$2,950,000
Asking prices observed by this listing service
Observed (UTC)Asking price
Oct 2, 2026 08:47$2,950,000

MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.

Property taxes

Tax history is not available from the imported listing data.

Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.

Local inventory snapshot

Market trends in Palm Desert

Active residential homes for sale in Palm Desert, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.

Available listings684Current authorized inventory
Median asking price$549,000684 listings with a valid price
Median asking price / sq ft$314.22121 listings with confirmed sq ft
Median days on market23684 listings with MLS-reported days

Observed price activity · past 30 days

Listings with a reduction76
Listings with an increase0

76 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.

Calculated 2026-10-19 08:10 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.

Plan your monthly costs

Payment calculator

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Loan assumptions and ownership costs

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