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28401 Date Palm Drive

Cathedral City, CA 92234
  • $995,000
  • STATUS: Active
  • ON SITE: 107 Days
  • ID#: 320007294
UPDATED: 47 min ago
$995,000
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2002
County:

School Ratings & Info

Listing Agent: Alec Bogossian of Johnhart Real Estate


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-03T14:38:34.29. 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 Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
www.thefoxfactor.com/homes/120569993
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28401 Date Palm Drive Cathedral City, CA 92234

  • Price: $995,000
  • Status: Active
  • On Site: 107 Days
  • Updated: 47 min ago
  • ID#: 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



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-03T14:38:34.29. 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 Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
 
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Fox Real Estate Team | HomeSmart Realty West
300 Carlsbad Village Drive #217
Carlsbad CA, 92008
Listing Agent: Alec Bogossian of Johnhart Real Estate