69115 Ramon RdCathedral City, CA 92234

Property Details for 69115 Ramon Rd

Year built

1991

Construction

WOOD

Lot size

0.40 AC

Property size (Sq ft)

4,200 SF

Property type

Retail properties

Property subtype

Strip malls

APN

009-613-958

APU

9613958

Description

This exceptional Class A retail property, Cathedral Village Shopping Center, presents a unique investment opportunity in the thriving Cathedral City market. Located at the highly visible and heavily trafficked intersection of Date Palm Drive and Ramon Road in Riverside County, this 100,000 square foot neighborhood center boasts a strong tenant mix anchored by Stater Bros Market and Rite Aid. The property features nine buildings, all single-story structures, built in 2000, and is zoned for commercial use. Currently, there are two suites available, offering flexible space options. A prime 2,070 square foot pad space is available on Date Palm Drive, ideal for high-visibility businesses. Additionally, a 1,200 square foot in-line space, previously occupied by GNC, is ready for immediate occupancy. The center's diverse tenant roster includes well-established national and local businesses such as Bank of America, America's Tire, KFC, Carl's Jr./Green Burrito, Leslie's Pool Supply, Liberty Tax, Cricket, SuperCuts, Pacific Sound, Pizza Peel, La Michoacana All Natural Fruit, Super Schwarma, Borrego Community Health, Edoko Sushi, and Zen Spa. The minimum divisible space is 1,200 square feet, with a maximum contiguous space of 2,070 square feet. This property offers a compelling combination of strong location, established tenancy, and flexible space options, making it an ideal investment for discerning buyers. The total vacant space currently available is 3,270 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,696,865

  6.5%

  $1,566,337

  7%

  $1,454,456

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,856,672

  Geo Method

  $3,725,250

• Alternative Use

  Use

  Valuation

  Residential

  $1,321,264

  Hospitality

  $1,210,270

  Educational

  $1,006,931

  Medical

  $1,041,561

  Retail

  $1,566,337

Location Insight

City

Cathedral City

County

Riverside

State

California

Latitude

33.8138

Longitude

-116.457

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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