36425 Bankside DrCathedral City, CA 92234

Property Details for 36425 Bankside Dr

Year built

1984

Construction

TILT-UP CONCRETE

Lot size

0.51 AC

Property size (Sq ft)

8,574 SF

Zone code

M1

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

687-311-008

APU

687311008

Description

This single-tenant, 8,518-square-foot industrial building in Cathedral City, CA, is ideally suited for manufacturing and warehouse operations. Located at 36425 Bankside Dr, 92234, this property sits on a 0.51-acre lot and features a 14-foot ceiling height. Built in 1984, the single-story building is currently configured for cannabis cultivation, boasting a significant 4,000 amp power upgrade, brand new plumbing and fire sprinkler systems, and a substantial 160-ton HVAC system. The property is zoned CBP-2, permitting cannabis cultivation, manufacturing, and distribution. The asking price is $3,000,000, translating to $352.20 per square foot. All utilities are connected to the site, and ample paved parking is available. The property is available for occupancy on September 3, 2024. Note that three adjacent cultivation buildings are also available for purchase. The property's APN is 687-311-008. This represents a unique opportunity for an investor seeking a turnkey cannabis cultivation facility or a buyer looking to adapt the space for other industrial uses. The motivated seller makes this an attractive investment.

• Alternative Use

  Use

  Valuation

  Residential

  $2,697,266

  Hospitality

  $2,470,681

  Educational

  $2,055,577

  Medical

  $2,126,272

  Retail

  $3,197,565

Location Insight

City

Cathedral City

County

Riverside

State

California

Latitude

33.7839

Longitude

-116.47

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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