Mihalyo Rd Desert Hot Springs, CA 92240

Property Details for 0 Mihalyo Rd

Lot size

5.00 lot acres

Property type

Land

Property subtype

Industrial properties

Description

This exceptional 5-acre commercial/industrial land parcel presents a remarkable investment opportunity in the thriving city of Cathedral City, California. Located in a high-growth area, this flat, rectangular lot boasts impressive freeway visibility and accessibility, making it ideal for a variety of commercial ventures. The property features dimensions of approximately 338 feet on the west and east sides, and 660 feet on the north and south sides. Its MU-U (Mixed Use Urban) zoning allows for diverse development possibilities. The strategic location near the 111 Freeway exit, alongside established businesses such as Arco and Chevron gas stations and a Jack in the Box, ensures high traffic visibility and convenient access. The surrounding area is experiencing significant growth, with recent developments including a new cannabis drive-thru and several new residential tracts, indicating a strong upward trajectory for both commercial and residential sectors. The property's proximity to Desert Hot Springs, known for its cultivation zoning, further enhances its potential. Furthermore, its convenient location offers easy access to Palm Springs International Airport, the Palm Springs Tramway, Palm Springs Art Museum, and various shopping centers, including the Sunrise Vista Chino Albertsons Center. The area is also well-served by schools, including Palm Springs High School, charter schools, and elementary schools, as well as Brightwood and Kaplan Colleges. This large parcel represents a rare opportunity to capitalize on the burgeoning growth of this dynamic region, offering significant potential for long-term investment value. The APN is 660-180-016. Asking price is $1,288,000.