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68700 Summit DR Cathedral City, CA 92234
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Key Details
Sold Price $1,900,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,600 sqft
Price per Sqft $287
MLS Listing ID TR20198175
Sold Date 11/25/20
HOA Y/N No
Year Built 1965
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Industrial
Property Description
Great for Owner User or Investment opportunity to purchase a Rare 6,600 square foot free standing industrial property with 13,504 sf. lot size located in the Cathedral City GREEN ZONE. Secure Fenced Yard Area. ** In place Conditional Use Permit (CUP) approved by the city of Cathedral City and previously issued cannabis cultivation business license. Located in a pro-cannabis city with favorable city tax rates and relatively straight forward guidelines for cannabis businesses.
+/- 250 sf. of office space. 1 restroom. 9 individual storage style spaces (currently being used as 6 spaces).
Ample Power. 600 Amps, 120/240 Volt Power, 3 PH, 4 W. 6 electric meters.
Electric/ Water/ Gas connected.
Flexible Use. Possibilities for any Owner/User or Investor. Easy/convenient access to 10 Freeway and all areas of Greater Coachella Valley.
Location
State CA
County Riverside
Area 336 - Cathedral City South
Zoning IP - GREEN ZONE
Interior
Laundry None
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Lot Description Lot 10000-19999 Sqft
Water Public
Others
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.5
TERMS 1031 Exchange,Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE See Remarks
SHOW CONTACT NAME Kevin Lee
SHOW CONTACT PH 6269752521
SHOW INSTRUCTIONS ** To schedule a tour or questions about the property, please call or TEXT Kevin Lee at (626) 975-2521 or email him at Kevin.Lee@coldwellbanker.com
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Bought with HomeBased Realty