This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/41
$1,119,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/41
Property Description
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.
Full Property Details
Full Property Details for 12155 Palm Dr
General
- Price: $1,119,000
- Status: Active
- Type: Commercial
- Source: Desert_Area_Palm_Springs
- MLS ID: 219144789
- Updated: 3/14/2026
- Added to Site: 5 day(s) ago
Location
- Area: 340 - Desert Hot Springs
- County: Riverside
- Cross Streets: Palm Drive
Heating & Cooling
- Heating Type: Cash, Private Financing Available, Owner May Carry
Structural Information
- Square Feet: 10,000
- Sq. Ft. Source: Assessor
Lot Features
- Lot Size (Sq. Ft.): 27,878
Financial Considerations
- Price Per Sq. Ft.: $111
- Terms: Cash
Disclosures and Reports
- APN: 641042047
Listed by KW Coachella Valley, James Guillermo
Get Pre-Approved Today
Schools
Schools serving 12155 Palm Dr
School District:Palm Springs Unified School District
| Name | Grades | Distance |
|---|---|---|
Two Bunch Palms Elementary School 14250 West Drive, Desert Hot Springs, CA 92240 | K-5 | 1.1 mi |
Painted Hills Middle School 9250 Sonora Drive, Desert Hot Springs, CA 92240 | 6-8 | 1.7 mi |
Desert Hot Springs High School 65850 Pierson Boulevard, Desert Hot Springs, CA 92240 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12155 Palm Dr
Date
Details
Price
Change
Source
3/13/2026
Listed
$1,119,000
17.79%
MLS
4/09/2021
Sold
$950,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 12155 Palm Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,842
91%
$597,608
2%
2024
$8,805
-32%
$585,891
2%
2023
$12,891
2%
$574,404
2%
2022
$12,617
-42%
$563,142
-57%
2021
$21,938
25%
$1,304,406
1%
2020
$17,556
2%
$1,291,032
2%
2019
$17,259
2%
$1,265,718
2%
2018
$16,918
-11%
$1,240,901
-11%
2017
$18,959
3%
$1,401,208
2%
2016
$18,398
4%
$1,373,734
2%
2015
$17,741
1%
$1,353,101
2%
2014
$17,568
-1%
$1,326,598
—
2013
$17,804
—
$1,320,605
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 12155 Palm Dr
12155 Palm Drive, Desert Hot Springs, CA 92240 (MLS# 219144789) is a Commercial property. 12155 Palm Drive is currently listed for $1,119,000 and was received on March 13, 2026. Want to learn more about 12155 Palm Drive? Do you have questions about finding other Commercial real estate for sale in Desert Hot Springs? You can browse all Desert Hot Springs real estate or contact a Coldwell Banker agent to request more information.

