36737 Cathedral Canyon Drive, Cathedral City

Sold Fee Land

$2,750,000

Previous Next

1.12

Acres

Listing Agent
Daniel Shamooelian - Keller Williams Beverly Hills

About 36737 Cathedral Canyon Drive

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!

36737 Cathedral Canyon Drive is a Commercial Sale property for sale. This Commercial Sale property is on Fee land and the current price is $2,775,000. This property has 0 bedrooms and 0.00 bathrooms and it was built in 1950. 336 - Cathedral City South property has been listed on www.geoffreymoore.com for 14 days.

Features of 36737 Cathedral Canyon Drive

MLS® # 23244695
Price $2,775,000
Sold Price $2,750,000
Bathrooms 0.00
Acres 1.12
Year Built 1950
Type Commercial Sale
Status Closed

Community Information

Address 36737 Cathedral Canyon Drive
Area 336 - Cathedral City South
City Cathedral City
County Riverside
Zip Code 92234

Amenities

Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 1

Additional Information

Date Listed February 23rd, 2023
Days on Market 14
Foreclosure No
Short Sale No
RE / Bank Owned No
Land Type Fee

Listing Details

AgentDaniel Shamooelian
OfficeKeller Williams Beverly Hills

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?