Prime Commercial Land on Hwy 111

Vacant Land for Sale
Catylist Listing ID: 30456388
Property Subtypes: Hospitality, Office, Retail
Gross Land Area: 1.89 Acres
Sale Price: $1,900,000
Unit Price: $1,005,291 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 10/29/2019

Overview / Comments

Prime land on Hwy 111! Excellent location with highway 111 frontage. Great visibility. Almost 2 acres with 2 separate parcels right across the street from Trader Joe's, Target, and Eisenhower Urgent Care. Not many places on 111 left in Cathedral City on this stretch to Palm Springs. This commercial zoned lots allow for many uses such as retail, fast food restaurant, etc. Even though already an established area there is even more business going in with new casino just down the street from this location. There was an existing building on this location that has been demoslished and one wall was left standing for a remodel project or one that starts from the beginning.

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Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 681-300-027 and 681300026
Zoning: COMMERCIAL
Property Located Between: Hwy 111
Property Visibility: Excellent
Largest Nearby Street: Date Palm
Topography: Level
Available Utilities: Electric, Water, Gas
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,332 61,440 103,087
Median Age: 57.49 43.03 45.91
Households: 2,447 25,045 44,242

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