67777 Palm Canyon DrCathedral City, CA 92234

Property Details for 67777 Palm Canyon Dr

Year built

1987

Construction

WOOD

Lot size

1.65 AC

Property size (Sq ft)

14,422 SF

Zone code

PCC

Property type

Retail properties

Property subtype

Strip malls

APN

687-510-019

APU

687510019

Description

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.

Location Insight

City

Cathedral City

County

Riverside

State

California

Latitude

33.7859

Longitude

-116.479

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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