MULTI FAMILY OR SENIOR HOUSING SUITABLE LAND

Vacant Land for Sale
Catylist Listing ID: 30263555
Property Subtypes: Multi-Family
Gross Land Area: 26.59 Acres
Sale Price: $2,999,999
Unit Price: $112,824 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2018

Overview / Comments

THE SUBJECT SITE IS APPROXIMATELY 26.59 ACRES OF VACANT LAND COMPRISED OF 4 CONTIGUOUS PARCELS OF LAND IN CATHEDRAL CITY, CA. THIS SITE IS SUITABLE FOR SFR, MF AND SENIOR HOUSING DEVELOPMENT.

THE PROPERTY IS CENTRALLY LOCATED IN THE HEART OF THE COACHELLA VALLEY ALONG RAMON ROAD EAST OF ITS INTERSECTION WITH DATE PALM. THIS PROPERTY SITS ON THE BOARDER BETWEEN BOTH CATHEDRAL CITY AND RANCHO MIRAGE, WHICH IS ONE OF THE MOST DESIRABLE RESIDENTIAL COMMUNITIES IN SOUTHERN CALIFORNIA. THE SITE IS SERVED WITH AN ABUNDANCE OF RETAIL AND COMMERCIAL AMENITIES INCLUDING FINE DINING, ENTERTAINMENT, CASINOS, THEATERS, HEALTH CARE FACILITIES, SCHOOLS, PARKS AND PLAYGROUNDS. ALL UTILITY SERVICES ARE AVAILABLE NEARBY. THE CITY IS SUPPORTIVE OF HIGH DENSITY HOUSING INCLUDING MULTIFAMILY AND SENIOR OR ASSISTED LIVING USES.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 670-130-004, 005, 014, 015
Zoning: RESIDENTIAL
Property Located Between: DATE PALM AND DUVALL ALONG RAMON RD
Property Visibility: Excellent
Lot Frontage: 900' ALONG RAMON ROAD
Zoning Description: SUITABLE FOR RESIDENTIAL, MULTIFAMILY OR SENIOR HOUSING.
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access, Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,133 58,350 102,534
Median Age: 30.45 41.14 45.64
Households: 4,925 21,483 42,431

Contact

Photograph of Listing Agent

Lynn Coker

NAI Capital
DACIE Member

Sponsoring Organization

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