Find a place you can call home
$2,280,000
219079042DA MLS Active Status
This Commercial INCOME investment has a CAP RATE of 7.3%, with minimal operating expenses, 100% rental occupancy, with no rental loses in the last 24 months. The building boast 6,250 Sf. It sits on a 18,730 Sf lot, has approx. 20 parking spaces and is in compliance with ADA codes. The suites are approx. 1185 SF and 5065 SF, which include the common area spaces. Currently two tenants: one tenant operates a Hair Salon and the other operates Cannabis Testing Lab. Tenants' leases expire in 2025 & 2024 w/ 5- year option only Lab. Net Operating Income is projected to increase based on the rental yearly increases. The building is a well-maintained building that has been remodeled extensively for the operating Cannabis Testing Lab Rental (upgraded the electrical panels, plumbing, walls, and ceiling, installed two new air conditioners, and maintained the Roof.) Additionally, Tenants are responsible for repairs and maintenance. The building offers 5 baths, break rooms, storage areas, newly built-in trash containers, landscaped areas. This property is located on Date Palm Dr, at the heart of Cathedral City, and adjacent to Ramon road, which is a major roadway of the Coachella Valley. It has an ideal location, Some commercial area near by are Starbucks, Apple Bees, Auto Zone, El Pollo Loco, and others. Also near Palms Spring International Airport and I-10 fee way.

32475 Date Palm Drive, Cathedral City

Listing courtesy of Listing Agent: Alex Jay (alexjayrealestate@gmail.com) from Listing Office: RE/MAX Desert Properties.

$1,750,000
PW22129530 MLS Active Status
Don’t miss this unique opportunity to own 2.61 Acres of Industrial Zoned Vacant Lots, centrally located in the County of Riverside directly siding to the 10 Freeway, offering easy access to the on and off-ramps located between 8th St. (to the West) and Hargrave St. (to the East). These rarely available Industrial Zoned Vacant lots are located on the corner of Historic San Gorgonio Avenue and Lincoln Street in the city of Banning, abutting the well-traveled Southern Pacific Transportation Co. Railroad. For those looking to build multiple buildings, these 2 separate legal vacant lots can be built out independently, each with their own address consisting of 1.46 AC & 1.15 AC. City of Banning Industrial Zoning District allows both industrial parks and freestanding industrial users. Some of the Permitted & Conditionally Permitted uses in the Industrial District (I) include, but are not limited to: Cannabis Commercial Indoor Cultivation, Cannabis Testing Lab, Cannabis Manufacturing Level 1, Restaurants (service beer & wine), RV Storage, Mini-Storage, Church, Consignment Center/Warehousing and Packing Plant. The City of Banning is very business friendly and offers more than 60 permitted and conditional uses within the confines of the City’s Industrial District (I). All the above suggested uses may be subject to change and must be independently verified by all parties involved. All permitted uses, highest and best use analysis, inspections, reports and studies are to be conducted independently by the buyer and buyer representatives.

101 W Lincoln Street, Banning

Listing courtesy of Listing Agent: James Cameron (JCameronBroker@gmail.com) from Listing Office: Berkshire Hathaway Home Svc..

$1,680,000
WS18225624 MLS Active Status
An established fish farm strategically located in Desert Hot Springs with easy access to the 10 Freeway. Two proprietary wells feed water to over 40 tanks, 4 reservoirs, and several ponds on the 10-acre property, where many tons of tilapia and catfish are produced and sold annually. Additional income is derived from the sale of plants, including palm trees and medicinal plants. Included in the sale is the business, equipment, and inventory; and the land, including a 4 bedroom, 3 bathroom house, as well as a 2 bedroom guest house. The farm operation uses about half the acreage; the rest remains open for development. The property is well-situated to benefit from its proximity to the growing cannabis industries in the vicinity. Expand the operation to realize its full potential by adding complementary lines of business (e.g. poultry + vegetables) and by embracing the growing popularity of agri-tourism, since the property is located so near other tourist destinations, like Palm Springs, Morongo Casino & Hotel, Cabazon Outlets, and Joshua Tree National Park. Additional potential lies in the possibility of using the naturally warm mineral water (95 degrees F) to source a relaxing health spa. This could also be ideal for short-term rentals, like Airbnb, which are still very popular in the surrounding desert communities even now. The possibilities are limited only by the imagination! (Check with city for any intended uses.) Double your capacity with a small investment! Ask me how!

19155 Corkill Road, Desert Hot Springs

Listing courtesy of Listing Agent: XING SITU (cindysitu8@gmail.com) from Listing Office: Century 21 Adams & Barnes.

$1,288,000
LG22183104 MLS Active Status
Mountain and Desert views on this FIVE (5) ACRES in Cathedral City, Riverside County. Flat rectangular lot is 338'+- on the West and East sides, 660'+- on the North and South. Zoning is MU-U or Mixed Use Urban, Commercial Zoning. One of the last large lots conveniently located near Palm Drive, at the 111 Freeway exit, consisting of Arco and Chevron gas stations and a Jack in the Box restaurant. Desert Hot Springs, just to the Northwest has a huge cultivation zoning. Newly built Harborside Cannabis drive-thru, right on the other side of Palm Drive and several new amazing home tracts on the South side of the Freeway indicates this North Palm Springs/Desert Hot Springs/Cathedral City area is moving forward with commercial and residential growth. Large parcels will be at a premium and certainly retain investment values! Palm Drive is right between Indian Canyon Drive to the West and Date Palm Drive to the East, off the 111 Freeway. Head South on Palm Drive and it turns into the North Gene Autry Trail. This is the main road to Palm Springs International Airport, the Palm Springs Tramway, Palm Springs Art Museum and more. Shopping at the Sunrise Vista Chino Albertsons Center also available just East of the Airport. School district for this area is Palm Springs. Brightwood and Kaplan Colleges, Palm Springs High School, charter and elementary schools all within minutes of property.

16 Mihalyo Road, Cathedral City

Listing courtesy of Listing Agent: Shawn Smithson (shawn@smithsonrealtygroup.com) from Listing Office: Re/Max One.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Riverside Cannabis Industry Report