For Sale
$6,700,000

67777 Palm Canyon DrCathedral City, CA 92234

Cathedral City storefront, high visibility, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
Desert Twins Plaza presents a unique investment opportunity in Cathedral City, California. This 23,500 square foot multi-tenant retail storefront, situated on 1.65 acres at 67777 E Palm Canyon Drive (Highway 111), enjoys unparalleled visibility as the most prominent property on this major thoroughfare. The property's prime location within Cathedral City's main shopping corridor places it in close proximity to a thriving retail environment, including major anchors such as Target and Trader Joe's, as well as the Cathedral City Auto Center with its numerous dealerships. Built in 1998 and zoned PCC, the property consistently maintains near 100% occupancy, demonstrating strong tenant demand and a stable income stream. Features include high drive-by traffic counts, convenient access, and ample private parking. The low net operating expenses, with NNN charges at $0.32 per square foot per month, further enhance the property's profitability. This exceptional location and strong operational history offer significant upside potential for investors seeking a high-performing retail asset in a dynamic market. The asking price is $6,700,000.

Highlights

  • High-visibility location on E. Palm Canyon Drive (Highway 111) in Cathedral City.
  • Excellent location near the Auto Center and numerous retailers.
  • High traffic counts, convenient access, and ample parking.
  • Significant upside potential.

Property Details for 67777 Palm Canyon Dr

Property type
Retail properties, Retail space
Square Feet
23,500 SF
Year Built
1998
Lot Size (sq. ft)
71,874 SF

Location Insight

City
Cathedral City
County
Riverside
State
California
Latitude
33.786397465799
Longitude
-116.47902294023
67777 Palm Canyon Dr, Cathedral City, California

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67777 Palm Canyon Dr
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