68686 Summit Dr

68686 Summit Dr, Cathedral City, CA 92234

  • For Sale $1,750,000
  • Property Type Industrial
  • Property Size 6,214 SF
  • Lot Size 0.4 Acre
  • Cap Rate % 7.88
  • NOI / YR 137900
  • Taxes / YR 21875
  • Zoning IP - Green Zone
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1978
  • Date Updated Dec 6, 2023
  • Drive-In Doors 7
  • Warehouse Configuration Single Load
  • HVAC Other

Attention investors, here lies an exceptional opportunity to acquire a unique, free-standing industrial property in the thriving Cathedral City GREEN ZONE. This 6,214 sq. ft. building is situated on a generous 17,424 sq. ft. lot and holds massive potential for the innovative investor. Currently, this property is perfect for an auto body shop with its street-front visibility, multiple roll-up doors, and a spacious, secure, and fenced yard area. Its strategic design caters to a multitude of business requirements, making it a lucrative choice for investors seeking a flexible, adaptable space. But the true potential lies in its location in a pro-cannabis city. With favorable city tax rates and straightforward guidelines for obtaining permits for cannabis businesses, the transition from an auto body shop to a thriving cannabis operation could be just within reach. Further enhancing its attractiveness is its prime location, providing convenient access to the 10 Freeway and all areas of the Greater Coachella Valley. Positioned in the heart of Cathedral City's industrial area, this property presents a golden opportunity for those willing to leverage its potential. With its flexible use possibilities and potential for growth, this property could be the cornerstone of your investment portfolio. Don't let this chance slip by; schedule your viewing today!

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • Cathedral City

Contacts

broker

Sarkis Ter-Minasyan

Craft & Bauer Real Estate Co.

(818) 572-9557

Location

Getting Around

  • Walk Score ®

    48/100 Car-Dependent
  • Bike Score ®

    44/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Cathedral City, CA
  • Neighborhood Cathedral City
  • Zip Code 92234
  • Market Inland Empire

Points of Interest

  • Palm Springs

    9.13 miles

  • Arco

    0.27 miles

  • Shell

    0.82 miles

  • Arco

    0.98 miles

  • Shell

    0.98 miles

  • Shell

    2.32 miles

  • Shell

    2.66 miles

  • Tesla Destination Charger

    2.72 miles

  • Valero

    3.26 miles

  • Arco

    4.11 miles

  • Costco Gasoline

    4.41 miles

  • St. Louis Catholic Church

    0.59 miles

  • Eishenhower Medical Center

    3.76 miles

  • Elmer's Restaurant

    4.34 miles

  • Courtyard at Palm Springs Parking

    5.10 miles

  • RV/Bus

    5.21 miles

  • Andreas & Murray Canyon Parking

    5.25 miles

  • Downtown Parking

    5.29 miles

  • Lot 28

    5.52 miles

  • Lot 26

    5.56 miles

  • Lot 27

    5.57 miles

  • Thai Noodles

    0.28 miles

  • Tony's Burger

    0.29 miles

  • Taco Bell

    0.47 miles

  • Runway Bar & Restaurant

    0.56 miles

  • Carl's Jr.

    0.60 miles

  • Pizzeria Bambinos

    0.63 miles

  • Denny's

    0.69 miles

  • Del Taco

    0.88 miles

  • Yianni's Taverna & Wine Bar

    0.92 miles

  • El Pollo Loco

    1.11 miles

  • Revivals

    0.53 miles

  • Big Lots

    0.58 miles

  • Food 4 Less

    0.95 miles

  • Target

    1.03 miles

  • Fil Am Oriental Mart

    1.08 miles

  • Trader Joe's

    1.17 miles

  • Vons 2384

    1.86 miles

  • Oasis Plaza

    2.08 miles

  • Walmart Supercenter

    2.31 miles

  • Gene Autry Plaza

    2.37 miles

  • Cathedral City Police

    0.34 miles

  • Cathedral City Fire Department Station #411

    0.50 miles

  • Walgreens

    1.12 miles

  • Palm Springs Fire Department Station #5

    1.24 miles

  • Cathedral City Fire Department Station #412

    1.99 miles

  • Riverside County Fire Department Station #50

    2.98 miles

  • Riverside County Fire Department Station #69

    3.05 miles

  • Walgreens

    3.42 miles

  • Eisenhower Medical Center

    3.69 miles

  • Palm Springs Fire Department Station #2

    3.92 miles

Frequently Asked Questions

What is the lease rate for 68686 Summit Dr?

Rental asking rate at 68686 Summit Dr is $875,000.00/YR.

What is the total square footage of 68686 Summit Dr?

68686 Summit Dr totals 6,214 square feet.

When was this property built?

68686 Summit Dr was built in 1978.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Sarkis Ter-Minasyan

Craft & Bauer Real Estate Co.

(818) 572-9557