Cathedral City CA Commercial for Sale
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.41 Acres
- Year built:
- 1991
- Baths:
- MLS#:
- 219112526DA
ADDITIONAL INFORMATION
This commercial income investment offers a robust Cap Rate of 8% with minimal operating expenses and has maintained 100% rental occupancy over the past 24 months. The property features a 6,250 SF building situated on an 18,730 SF lot, providing approximately 20 parking spaces. Building is in full compliance with ADA codes.The building comprises two suites of approximately 1,185 SF and 5,065 SF, including common areas. It currently houses two tenants: a hair salon and a cannabis testing lab. The hair salon's lease expires in 2025, while the cannabis testing lab's lease extends until 2024 with a renewal option. The Net Operating Income is projected to increase annually due to scheduled rental rate hikes.This well-maintained building has undergone extensive remodeling inside and out to accommodate the cannabis testing lab, including upgrades to electrical panels, plumbing, walls, ceilings, the installation of two new air conditioners, and roof maintenance. Tenants are responsible for their own repairs and maintenance.The property includes five bathrooms, break rooms, storage areas, newly built-in trash containers, and landscaped areas. It is ideally located on Date Palm Drive in the heart of Cathedral City, adjacent to Ramon Road, a major artery in the Coachella Valley. The location is surrounded by commercial amenities such as Starbucks, Applebee's, AutoZone, El Pollo Loco, and is near Palm Springs International Airport and the I-10 freeway.
$1,100,000
69450 Ramon Road Cathedral City, CA 92234
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.21 Acres
- Baths:
- MLS#:
- 219102682PS
ADDITIONAL INFORMATION
Elevate your investment portfolio with 69450 Ramon Road in Cathedral City- a NNN lease property featuring a fully leased dental office. This prime 1031 exchange opportunity promises a solid investment in a thriving location.
$12,000,000
35900 Date Palm Dr Cathedral City, CA 92234
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 7.51 Acres
- Baths:
- MLS#:
- 219097268DA
ADDITIONAL INFORMATION
80,633 SF Building on 7.51 acres. Signalized intersection. Easy access to Interstate 10 and major arterial roads. Excellent building signage including freestanding pylon signs. New Amazon Last-Mile Distribution Center next door. Amazon deployed over $40 million in capital improvements to the area and will provide $7.7 million a year in salary, benefits and revenue for the city. Previous owner invested $3 million in renovations, including polished floors, 13 new HVAC systems, Title 24 compliant LED lighting, 13 newly installed bathrooms and two broadband halos with 77 access points capable of handling up to 2,800 simultaneous Wi-Fi subscribers. Additional 28,000 square lot available for expansion. Also available for lease for $0.90/SF/MO NNN.
$1,600,000
68686 Summit Drive Cathedral City, CA 92234
- Type:
- Industrial
- Sq.Ft.:
- 6,214
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.4 Acres
- Year built:
- 1978
- Baths:
- MLS#:
- SB23118101
ADDITIONAL INFORMATION
A remarkable opportunity awaits in the bustling Cathedral City GREEN ZONE—an established Opportunity Zone—with this 6,214 sq. ft. industrial asset set on a 17,424 sq. ft. lot. Occupied by a solid Auto Body Shop under a 5-year NNN lease, this investment assures an unburdened cash flow, with the tenant responsible for all property expenses including taxes, insurance, and maintenance. The lease comes with a 5% + CPI annual increase clause, promising a rising income stream that maximizes your investment year over year. The NNN structure of the lease underscores a hassle-free investment, allowing you to enjoy the full benefits of the property's earnings without the need for hands-on management. Nestled in a pro-cannabis city, the property offers versatile use, whether you choose to continue with the existing auto body shop or explore opportunities in the evolving cannabis sector. Its prime location in an Opportunity Zone not only fosters operational growth but also amplifies fiscal gains through potential tax benefits. With a commitment to providing financial clarity and transparency, the comprehensive rent roll will be disclosed to interested buyers, outlining the structured progression of returns. This property is a testament to enduring value and potential in the heart of Cathedral City's industrial district. Seize this exclusive chance to integrate a truly turnkey asset into your investment portfolio. Discover the intersection of secure tenancy, financial growth, and strategic location with this industrial offering in Cathedral City.
Cathedral City Real Estate
The median home value in Cathedral City, CA is $400,000. This is higher than the county median home value of $386,200. The national median home value is $219,700. The average price of homes sold in Cathedral City, CA is $400,000. Approximately 48.31% of Cathedral City homes are owned, compared to 31.98% rented, while 19.71% are vacant. Cathedral City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cathedral City real estate agent to arrange a tour today!
Cathedral City, California has a population of 53,733. Cathedral City is less family-centric than the surrounding county with 35.05% of the households containing married families with children. The county average for households married with children is 36.51%.
The median household income in Cathedral City, California is $43,384. The median household income for the surrounding county is $60,807 compared to the national median of $57,652. The median age of people living in Cathedral City is 37.3 years.
Cathedral City Weather
The average high temperature in July is 107.3 degrees, with an average low temperature in January of 46 degrees. The average rainfall is approximately 8.5 inches per year, with 0 inches of snow per year.