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Welcome to 11940 Palm Dr "” a 5,328 SF building perched on the premiere corner of Palm & Pierson, the most visible intersection in Downtown Desert Hot Springs This two-story gem in the Commercial Downtown (CD) zone is suited for a wide range of uses. Want a creative office space, wellness center, event venue, or boutique retail concept? You're in the right place "” and right on time. The area is booming with new energy thanks to a wave of new construction homes flooding the valley and fueling a fresh downtown revival. With 19 parking spaces, killer street presence, and a pro forma cap rate of 6.4%, this is a straight-up investor magnet in one of SoCal's fastest-growing retail and cannabis zones. Fully approved for ALL cannabis uses "” retail, cultivation, distribution "” with licensing available! No red tape, no waiting games. Just bring your business (or your cash flow goals) and plug in. At the forefront of the canna-business industry, Desert Hot Springs has been dubbed the Emerald City of the Valley ?? highlighting an emphasis on canna-tourism. Offered at a competitive price, this corner lot opportunity is what investor's dreams are made of.
Property Type(s):
Commercial
| Last Updated | 7/7/2025 | Year Built | 1985 |
|---|---|---|---|
| Community | 340 - Desert Hot Springs | County | Riverside |
Additional Details
| AREA | 340 - Desert Hot Springs |
|---|---|
| HEAT | None |
| LOT | 0.34 acre(s) |
| LOT DESCRIPTION | Landscaped, Rectangular Lot |
| STORIES | 2 |
| TAXES | 12476 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
Location
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Listed with West Shores Realty, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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