Listing provided courtesy of KW Coachella Valley- MLS# 219144789MLS Provider

12155 Palm DriveDesert Hot Springs, CA 92240

Commercial · 10,000 Sq. ft.
$949,900 Active

12155 Palm Drive Overview

Time on Site:
107 days
Visits:
0

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.

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12155 Palm Drive Facts & Features

  • Type Commercial
  • Sq. ft. 10,000
  • Price/Sq.ft. $95

Details

General

Business Information

  • Business Type: Specialty,Shopping Center,Retail,Professional/Office,Health Services,Athletic,Arts and Entertainment

Location/Region

  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: 340 - Desert Hot Springs

General Information

  • Listing Terms: Cash
  • Parcel Number: 641042047
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • Special Listing Conditions: Standard

Interior

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 10000.0

General Information

  • Living Area: 10000.0

Exterior

Lot Information

  • Lot Size Area: 27878.0

12155 Palm Drive Neighborhood

Desert Hot Springs

Desert Hot Springs, also referred to as "DHS", is a Riverside County city located in the Coachella Valley north of Palm Springs. The city’s name is derived from the numerous natural hot springs that dot the landscape. It is one of the few places in the world to boast naturally occurring hot and cold mineral springs due to the presence of two aquifers that are separated by the Mission Creek Fault, a branch of the San Andreas Fault. 

Community

92240 (Desert Hot Springs) Demographics

37
Median Age
981
Population Density (per sq. mile)
23%
College Educated
$40,456
Estimated Median Income
6,801
Estimated Total Home Owners
6,154
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

12155 Palm Drive Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

12155 Palm Drive Market Data

Based on the last 30 days in this zip code

$423,362
Average List Price
$252
Average Price per Square Foot
45
Properties Sold
92
Average Days on Market
498
Properties for Sale
Calculations provided by Reliance Network

12155 Palm Drive History

Date Event Value Agent
6/18/2026Source: CRMLS Price Reduction
$949,900 -4.9%
6/18/2026Source: California Desert MLS Price Reduction
$949,900 -4.9%
6/3/2026Source: CRMLS Price Reduction
$999,000 -4.8%
6/3/2026Source: California Desert MLS Price Reduction
$999,000 -4.8%
4/6/2026Source: CRMLS Price Reduction
$1,049,000 -6.3%
4/6/2026Source: California Desert MLS Price Reduction
$1,049,000 -6.3%
3/13/2026Source: CRMLS Added to Database
March 13, 2026
3/13/2026Source: California Desert MLS Added to Database
March 13, 2026
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