$1,625,000 648 SF

68537 Grove St, Cathedral City, CA 92234
View Listing →

Vacant land in Cathedral City, Riverside County (ZIP 92234) with a total lot area of 0.72 acres. The assemblage comprises five contiguous parcels identified as APNs, which are intended to be merged into a single parcel. The site is proposed for development as a 15-unit apartment project, with design plans and concept renders provided for the contemplated building. The property is located within a designated Opportunity Zone and is positioned adjacent to The Jasper, a Class A development under construction, with nearby access to the Cathedral City Cove community and the downtown district. The land is also near Highway 111 and regional employment centers.

Property type Commercial land

Use group VACANT COMMERCIAL LAND

Year built 1946

Total area 648 SF

Lot 0.1 ac (4,356 SF)

Zoning code R3

APN 687-197-005

UPID US09-4268442

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

68537 Grove St Cathedral City, CA 92234

Cathedral City metro Census 45000 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Google Maps

AI Approach AI

$550k

CAP Approach CAP

by Request

Comparable Approach Comparable

by Request

Blend (final) Blend

$550k

since 2024

Last sale

$550,000

7 recorded transactions

2024

$550,000

2022

Price N/A

2021

$250,000

2018

Price N/A

2018

Price N/A

2017

$80,000

2015

$329,000

Zoning description

Y RESIDENTIAL DISTRICT (§ 9.14.010 - § 9.14.140) Chapter 9.16 R2 MULTIPLE-FAMILY RESIDENTIAL DISTRICT (§ 9.16.010 - § 9.16.160) Chapter 9.18 RM MULTIPLE-FAMILY RESIDENTIAL DISTRICT (§ 9.18.010 - § 9.18.160) Chapter 9.20…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation
$280,000

0.11 Acres

68573 Palm Cyn Dr

VACANT COMMERCIAL LAND

68573 Palm Cyn Dr, Cathedral City, CA 92234-1317

View Details
Value Estimation
$290,000

0.06 Acres

68599 Palm Cyn Dr

VACANT COMMERCIAL LAND

68599 Palm Cyn Dr, Cathedral City, CA 92234-1317

View Details
Value Estimation
$380,000

1.62 Acres

67501 Palm Cyn Dr

VACANT COMMERCIAL LAND

67501 Palm Cyn Dr, Cathedral City, CA 92234-5435

View Details
Value Estimation
$310,000

0.44 Acres

Cathedral City, CA 92234

VACANT COMMERCIAL LAND

Cathedral City, CA 92234

View Details
Value Estimation
$315,000

0.65 Acres

Cathedral City, CA 92234

VACANT COMMERCIAL LAND

Cathedral City, CA 92234

View Details
Value Estimation by Request
0.01 Acres

Cathedral City, CA 92234

VACANT COMMERCIAL LAND

Cathedral City, CA 92234

View Details

Similar Nearby for Sale

$59,500

0.05 Acres

Cathedral City Land Opportunity

Land in prime location with immediate usability and future potential.

69411 Ramon Road, Cathedral City, CA 92234

View Details
$100,000

5.00 Acres

5 Acres in Cathedral City

5 acres of commercial land for sale in Cathedral City.

5 Acres, Cathedral City, CA 92234

View Details
New

$5,500,000

30.00 Acres

Mixed-Use Residential Development Land

Approximately 30-acre parcel zoned MU-R under the North City Specific Plan, with stated access from major nearby roads.

E Jolly Drive, Cathedral City, CA 92234

View Details
New

$750,000

0.15 Acres

Prime Cathedral City Land Opportunity

Two parcels in prime commercial corridor near retail and entertainment.

68599 E Palm Canyon, Cathedral City, CA 92234

View Details
$299,000

1.03 Acres

Prime Land on Date Palm

Approximately 1 acre of land in Cathedral City available for development.

Date Palm Drive, Cathedral City, CA 92234

View Details
$175,000

0.29 Acres

Commercial Land Near Retail Corridor

Vacant commercial parcel near established shopping, dining, fuel, and service businesses.

Aliso Road lot: 50, Cathedral City, CA 92234

View Details

Similar Nearby for Lease

New

Contact for pricing

Commercial Land with Yard Space

Functional commercial yard area near automotive dealerships with access to Highway 111 and Interstate 10.

68300 Kieley Rd, Cathedral City, CA 92234

View Details
Contact for pricing

Canyon Plaza North Retail Space

Retail space offered within a named commercial property in Cathedral City.

67-760 E. Palm Canyon Drive, Cathedral City, CA 92234

View Details
Contact for pricing

Retail Storefront For Lease

Retail storefront available for lease in a shopping center on Perez Rd in Cathedral City, CA.

68625 Perez Rd, Cathedral City, CA 92234

View Details
New

Contact for pricing

Church Campus with Parking

Multi-use religious facility with worship, gathering, classroom, kitchen, and administrative areas available around the clock.

33055 Cathedral Canyon Dr, Cathedral City, CA 92234

View Details
New

Contact for pricing

High-Traffic Retail Space Available

Remodeled retail suites in high-profile Canyon Plaza East shopping center.

67-555 East Palm Canyon Drive, Cathedral City, CA 92234

View Details
$3,200/Mo

1,531 sqft

Cathedral City Office/Retail Space

Versatile 1,531 sq ft space suitable for various businesses.

28401 Date Palm Dr, Cathedral City, CA 92234

View Details