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    67555 Palm Canyon Dr Cathedral City, CA 92234

    Sponsored
    For Lease
    $21 SF/Yr

    Cathedral City retail center; prime location, high traffic.

    Lot size:
    81,315 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Canyon Plaza East Shopping Center presents a unique investment opportunity in the heart of Cathedral City's thriving business district. This two-building retail center, totaling 81,315 square feet, sits on 12.79 acres of land and boasts a strong tenant mix including Anytime Fitness, McDonald's, Upper Crust Pizza, and Golden Springs Surgical Center. Built in 1982 and extensively renovated in 2013, the property features two stories and provides 400 parking spaces for ample customer convenience. Currently, there are two available retail spaces ranging from 1,200 to 3,469 square feet, each featuring recently remodeled floor-to-ceiling storefronts. The center enjoys a highly visible location on East Palm Canyon Drive/Highway 111, directly across from Super Target and Trader Joe's, benefiting from exceptional daily traffic of approximately 52,000 vehicles. Further enhancing its appeal are excellent exterior signage opportunities, including a new high-definition electronic monument sign perfectly positioned on Highway 111 for maximum brand visibility. Additional amenities include convenient bus line access and a pylon sign. This property offers a compelling combination of established tenancy, high visibility, and modern amenities, making it an ideal investment for discerning buyers seeking a strong return in a prime retail location.

    Property Features for 67555 Palm Canyon Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    81,315 SF
    Total Rate
    142301.25

    Building Details

    Year Built/Renovated
    1982/2013
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    F113
    Size
    1,200 SF
    Rate per SF
    $21
    Space
    F101-103
    Size
    3,469 SF
    Rate per SF
    $21

    HighLights

    • Retail property totaling 81,315 square feet on 12.79 acres.
    • Two‑building, two‑story retail center with 400 parking spaces, built in 1982 and renovated in 2013.
    • Multiple tenancy with two available spaces ranging from 1,200 to 3,469 square feet.
    • Located in Cathedral City's downtown business corridor on East Palm Canyon Drive/Highway 111, across from Super Target and Trader Joe's.
    • Features a strong tenant mix including Anytime Fitness, McDonald's, Upper Crust Pizza, and Golden Springs Surgical Center. Excellent visibility and signage opportunities, including a new high‑definition electronic monument sign on Highway 111 (52,000 average daily traffic).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Mark C. ... Family Practice Physician Lani Alteration Tailor Mr Fix Electronic ... Electronics Repair Shop McDonald's Fast Food Restaurant Shear Art Pet ... Pet Groomer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cathedral City
    County
    Riverside
    State
    California
    Longitude
    -116.48173199136
    Latitude
    33.787905806505

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    FAQs

    What type of property is this?
    Retail property - Cathedral City retail center; prime location, high traffic.
    Where is this retail property located?
    The property is located at 67555 Palm Canyon Dr Cathedral City, CA.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 81,315 square feet on 12.79 acres.; Two-building, two-story retail center with 400 parking spaces, built in 1982 and renovated in 2013.; Multiple tenancy with two available spaces ranging from 1,200 to 3,469 square feet.
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    67555 Palm Canyon Dr Cathedral City, CA 92234
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    Cathedral City, CA 92234
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    67555 Palm Canyon Dr Cathedral City, CA 92234
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