67555 Palm Canyon DrCathedral City, CA 92234

Property Details for 67555 Palm Canyon Dr

Lot size

0.87 AC

Property type

Medical offices

Property subtype

Medical centers

APN

000-079-377

APU

79377

Description

Canyon Plaza East Shopping Center presents a unique investment opportunity in the heart of Cathedral City's thriving business district. This two-building retail center, totaling 81,315 square feet, sits on 12.79 acres of land and boasts a strong tenant mix including Anytime Fitness, McDonald's, Upper Crust Pizza, and Golden Springs Surgical Center. Built in 1982 and extensively renovated in 2013, the property features two stories and provides 400 parking spaces for ample customer convenience. Currently, there are two available retail spaces ranging from 1,200 to 3,469 square feet, each featuring recently remodeled floor-to-ceiling storefronts. The center enjoys a highly visible location on East Palm Canyon Drive/Highway 111, directly across from Super Target and Trader Joe's, benefiting from exceptional daily traffic of approximately 52,000 vehicles. Further enhancing its appeal are excellent exterior signage opportunities, including a new high-definition electronic monument sign perfectly positioned on Highway 111 for maximum brand visibility. Additional amenities include convenient bus line access and a pylon sign. This property offers a compelling combination of established tenancy, high visibility, and modern amenities, making it an ideal investment for discerning buyers seeking a strong return in a prime retail location.

• CAP approach

  CAP return

  Valuation

  6%

  $10,415,628

  6.5%

  $9,614,426

  7%

  $8,927,681

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,647,986

  Geo Method

  $13,338,607

• Alternative Use

  Use

  Valuation

  Residential

  $11,921,888

  Hospitality

  $10,920,386

  Educational

  $9,085,633

  Medical

  $9,398,101

  Retail

  $14,133,206

Location Insight

City

Cathedral City

County

Riverside

State

California

Latitude

33.7873

Longitude

-116.482

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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