Skip To Content

    28401 Date Palm Drive

    Cathedral City, CA 92234
    • $995,000
    • STATUS: Active
    • ON SITE: 61 Days
    • MLS #: 320007294
    UPDATED: 53 min ago
    $995,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    2002
    County:

    School Ratings & Info

    Description

    An excellent owner user or rental opportunity for this business park located in Cathedral City! This 0.4 acre lot with favorable NBP zoning (Neighborhood Business Park) allows for a wide variety of uses including retail, office, medical, dining, etc. The existing building is fully occupied by two established tenants. One side has been leased for $2,250 until Dec 2022, increasing to $3,000 per month thereafter. The other side has been leased to a church for $1,250 [Lease ends in Dec 2021]. Tenants are responsible for all utilities [inside/outside water, electricity, gas, trash and gardening]. Potential for significant upside in rents.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-18T16:30:51.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Licensed in the State of California, USA.
    www.bradschmett.net/homes/120569993
    Print Image

    28401 Date Palm Drive Cathedral City, CA 92234

    • Price: $995,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 320007294
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    2002
    Built
    Neighborhood:
    335 - Cathedral City North
    County:
    Riverside
    Area:
    335 - Cathedral City North
    Property Description
    An excellent owner user or rental opportunity for this business park located in Cathedral City! This 0.4 acre lot with favorable NBP zoning (Neighborhood Business Park) allows for a wide variety of uses including retail, office, medical, dining, etc. The existing building is fully occupied by two established tenants. One side has been leased for $2,250 until Dec 2022, increasing to $3,000 per month thereafter. The other side has been leased to a church for $1,250 [Lease ends in Dec 2021]. Tenants are responsible for all utilities [inside/outside water, electricity, gas, trash and gardening]. Potential for significant upside in rents.
    Exterior Features

    Entry Level 0 Open Parking Spaces 0 Parking Total 0 Sign On Property YN No

    Property Features

    Business Type Retail Cap Rate 0 Garage YN No Insurance Expense 0 Listing Agreement Exclusive Right To Sell Listing Terms CashCash To New LoanConventional Maintenance Expense 0 Net Operating Income 0 Operating Expense 0 Other Expense 0 Trash Expense 0 Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 0

    Listing provided courtesy of Alec Bogossian of Johnhart Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-18T16:30:51.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_366987894-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_366987894-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_366987894-1.jpg
    Logo
    Brad Schmett Real Estate Group
    760-880-5845
    La Quinta and Palm Springs CA,