Restaurant and Retail

Retail-Commercial for Sale
Catylist Listing ID: 30163543
Property Subtypes: Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 6,495 SF
Gross Land Area: 36,590 SF
Sale Price: $2,500,000
Unit Price: $384.91 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 7/9/2020

Overview / Comments

The beautiful building designed for a Restaurant and full bar with distinctive design fronts Date Palm Drive with great monument and building signage potential. It has ample parking in the rear of the building. It has 6,495 square feet of space and has been divided into three units, one available for 4,777 square feet fronting Date Palm Drive with floor to ceiling glass and a small great mountain view space of 838 square feet that has a new outdoor patio area.

This excellent property fronts Date Palm Drive and shares an outparcel with Holiday Inn and Jiffy Lube. Cathedral City is fast growing in population, retail sales and is in the top three cities in the Coachella Valley for expanding and relocating business.

Great street visibility from Date Palm Drive in Cathedral City. Ample parking and nearby other frequented businesses such as Jiffy Lube, Arco Gas, US Bank and Holiday Inn.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 687480017
Zoning: RETAIL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Date Palm and Gerald Ford
Property Visibility: Excellent
Largest Nearby Street: Date Palm Drive
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2008
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Parking Lot in back

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,735 54,201 119,680
Median Age: 49.55 42.93 46.36
Households: 5,058 21,004 51,780


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