36737 Cathedral Canyon Drive, Cathedral City, CA 92234

Sold Price
List Price
Closing Date
Apr 24, 2023
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Property Description

We are pleased to present for sale a unique property with endless possibilities located in the heart of Downtown Cathedral City! This property is strategically located in the Cathedral City Industrial Submarket off the 111 Hwy (+/- 35,000 VPD) with direct access to the I-10 Fwy (5 miles away) boasting an average of ~110,000 vehicles per day. The site is perfectly positioned across from City Hall, Community Amphitheater, Coachella Valley Repertory Theatre and within a very short walk to Cathedral City Auto Center, Mary Pickford Theaters and the recently opened Agua Caliente Casino. Excellent Investor or Owner User Opportunity. A portion of the property (14,690 SF) is leased. This 14,690 SF facility was built in 1975 and is split into 10 separate units (currently Auto Repair/Body Shop units). Each unit comes with their own front office, with a total of Eleven (11) on the property. The property's zoning, a rarity in the Coachella Valley, allows for auto repair uses making this a highly desirable investment opportunity for investors. The secondary structure approximately 3,500 SF is available for any investor looking to fill the remaining space with a tenant or any owner user looking to occupy the site. This structure recently operated as a Lounge/Nightclub for a number of years, but may also be operated as a Restaurant, Retail, Lounge, Nightclub, or other Entertainment venue. The site provides easy access, unobstructed street front visibility, ample private parking and patio area with voluminous mountain views. Recent Renovations Include: Property had all HVAC systems replaced in 2018. Newly layered roof, entirely repainted and complete renovation of landscape in 2020. This 48,787 sqft parcel is situated off the main HWY 111 that services Palm Springs, Rancho Mirage, Indian Wells and Cathedral City. The surrounding area has seen tremendous retail, industrial, and population growth which is expected to continue for years to come. Phase 1 and 2 have already been completed by the owner, property is zoned M1 (Commercial Retail). Excellent opportunity to convert into a self storage facility or cannabis (located within a green zone, buyer to verify.) Assumable financing is available. Contact listing agent for showing instructions or for more details!

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Listing courtesy of Listing Agent: Daniel Shamooelian (daniel@brcadvisors.com) from Listing Office: Keller Williams Beverly Hills.

Listing sold by Outside Agent from Outside Office

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