Mirage Pointe Business Park - Entitled 19 Lot Business Park on 19.31ac

Vacant Land for Sale
Catylist Listing ID: 30314119
Property Subtypes: Industrial
Gross Land Area: 19.31 Acres
Sale Price: $1,890,000
Unit Price: $97,876 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/5/2018

Overview / Comments

* Approved Tentative Map 36108 for 19 lots expires April 2021, Final Map 90% complete * Ideal for logistics or last mile distribution services * Industrial space vacancy at a record low of 5% * Easy access to Interstate 10 from Bob Hope Drive, 3/4 mile from Interstate 10 and 1 mile from Rancho Mirage - contiguous to City of Cathedral City * Flexible Lot sizes from 1 to 10 acres * Great mid valley location * Low cost Imperial Irrigation District Power * New ordinance allows cannabis related business activity * On October 23, 2018, the Riverside County Board of Supervisors approved Ordinance 348.4898 establishing the permitting process and regulation for commercial cannabis operations. Apply for your CUP for Manufacturing as soon as Dec. 26, 2018 and for a Cultivation & Dispensary permits there will be a merit based application beginning Jan. 1, 2019 for 19 dispensaries & 50 cultivation sites.

Directions: Exit I-10 freeway, take Bob Hope/Ramon Rd. exit North to Rio del Sol, north approximately 1/2 mile to site. Property is on the east side of Rio Del Sol, just north of Watt Court.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Taxing Authority: Riverside County
Tax ID/APN: 650-020-031
Zoning: M-SC (MANUFACTURING SERVICE COMMERCIAL)
Property Located Between: Rio Del Sol & 30th Ave.
Property Visibility: Good
Largest Nearby Street: Rio Del Sol
Highway Access: I-10
Topography: Level
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,215 22,772 78,943
Median Age: 27.91 44.24 44.76
Households: 1,075 8,673 31,024

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