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16 Mihalyo - 16 Mihalyo Road 5 Acres of Commercial Land Offered at $1,288,000 in Cathedral City, CA 92234
INVESTMENT HIGHLIGHTS
- Mixed use zoning allows for many uses
- Freeway visibility
- level lot
PROPERTY FACTS
| Price | $1,288,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 5.00 AC |
| Property Type | Land | Cross Streets | Pilkington Road |
| Zoning | MU-U | ||
| Price | $1,288,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 5.00 AC |
| Cross Streets | Pilkington Road |
| Zoning | MU-U |
1 LOT AVAILABLE
Lot
| Price | $1,288,000 | Lot Size | 5.00 AC |
| Price Per AC | $257,600.00 |
| Price | $1,288,000 |
| Price Per AC | $257,600.00 |
| Lot Size | 5.00 AC |
5 Acre, level, freeway visibility, Mixed Use Urban Zoning
DESCRIPTION
Mountain and Desert views on this FIVE (5) ACRES in Cathedral City, Riverside County. Flat rectangular lot is 338'+- on the West and East sides, 660'+- on the North and South. Zoning is MU-U or Mixed Use Urban, Commercial Zoning. One of the last large lots conveniently located near Palm Drive, at the 111 Freeway exit, consisting of Arco and Chevron gas stations and a Jack in the Box restaurant. Desert Hot Springs, just to the Northwest has a huge cultivation zoning. Newly built Harborside Cannabis drive-thru, right on the other side of Palm Drive and several new amazing home tracts on the South side of the Freeway indicates this North Palm Springs/Desert Hot Springs/Cathedral City area is moving forward with commercial and residential growth. Large parcels will be at a premium and certainly retain investment values! Palm Drive is right between Indian Canyon Drive to the West and Date Palm Drive to the East, off the 111 Freeway. Head South on Palm Drive and it turns into the North Gene Autry Trail. This is the main road to Palm Springs International Airport, the Palm Springs Tramway, Palm Springs Art Museum and more. Shopping at the Sunrise Vista Chino Albertsons Center also available just East of the Airport. School district for this area is Palm Springs. Brightwood and Kaplan Colleges, Palm Springs High School, charter and elementary schools all within minutes of property.
PROPERTY TAXES
| Parcel Number | 660-210-006 | Improvements Assessment | $0 |
| Land Assessment | $847,224 | Total Assessment | $847,224 |
PROPERTY TAXES
MAP
ADDITIONAL PHOTOS
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