Overview

Description

Graystone Capital Advisors is pleased to exclusively list for sale or lease 36630 Sunair Plaza, Cathedral City, CA 92234. The offering is a former recycling facility featuring a main ±3,300 square foot building with frontage and access to Sunair Plaza and a ±2,650 square foot storage building with grade level doors. The property benefits from 3 points of access to Sunair Plz and potential access to Cathedral Canyon Dr at a signalized intersection (call agent for details). The offering is situated on two parcels with a combined area of ±2.15 acres (±93,654 square feet). This large gated complex offers plenty of space for secure parking/storage of vehicles or other equipment and room to develop additional building area. The property is located in an Opportunity Zone which may give the lessee access to certain tax incentives for redevelopment of the property. The property’s ideal CBP-2 (Commercial Business Park) zoning allows for a wide variety of commercial and industrial uses.

The subject property is located in the heart of Downtown Cathedral City, just off East Palm Canyon Road, Cathedral’s City’s major thoroughfare with heavy traffic counts of ±30,000 VPD near its intersection with Cathedral Canyon Road with an additional ±13,700 VPD. Surrounding points of interest include Coachella Valley Repertory, Cathedral City Community Amphitheater, Cathedral City Festival Lawn, Agua Caliente Cathedral City Casino, Cathedral Canyon Country Club and Golf Clubs, Welk Resorts Palm Springs -Desert Oasis, Cathedral City Police Department, and many more. Surrounding national/regional tenants include Enterprise Rent a Car, Mike Thompson’s RV Super Store, Quick Quack Car Wash, Taco Bell, CircleK, Money Mart, Napa Auto Parts, Crystal Chrysler Dodge Jeep Ram. The trade area boasts strong projected population growth and average to above average household incomes.

Highlights

• Cannabis-zoned buildings and fenced yard in Downtown Cathedral City
• Large gated complex with secure parking/storage and room for additional development
• Three points of Ingress / Egress on Sunair Plz and potential access to Cathedral Canyon Dr at signalized intersection
• Located just off main retail corridor east palm canyon road with ±30,000 VPD
• Ideal zoning with wide variety of allowed uses including various “Vice” industries
• Surrounded by new development including entertainment venues, community gathering places, and tourist destinations
• Located in an opportunity zone with potential tax incentives for redevelopment

Documents

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