68686 Summit DrCathedral City, CA 92234

Property Details for 68686 Summit Dr

Year built

1978

Lot size

0.40 AC

Property size (Sq ft)

3,200 SF

Zone code

IP

Property type

Retail properties

Property subtype

Retail space

APN

687-161-006

APU

687161006

Description

This exceptional 6,214-square-foot industrial property, located at 68686 Summit Drive in Cathedral City, California (zip code 92234), presents a unique investment opportunity. Built in 1970, this single-story building sits on a 0.4-acre lot and is zoned IP, allowing for flexible use. The property features multiple roll-up doors and boasts excellent street-front visibility, making it ideal for a variety of businesses. The large, secure, fenced yard provides ample space for storage or operations. This owner-user or investor opportunity is situated in a highly desirable area of Cathedral City's industrial sector, offering convenient access to the 10 Freeway and the greater Coachella Valley. The property's single unit configuration and substantial size make it a rare find in this competitive market. The asking price is $1,885,000. This is a chance to acquire a well-positioned industrial property with significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,292,849

  6.5%

  $1,193,400

  7%

  $1,108,157

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,414,607

  Geo Method

  $2,838,286

• Alternative Use

  Use

  Valuation

  Residential

  $1,006,677

  Hospitality

  $922,111

  Educational

  $767,185

  Medical

  $793,570

  Retail

  $1,193,400

Location Insight

City

Cathedral City

County

Riverside

State

California

Latitude

33.7862

Longitude

-116.463

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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