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10 Industrial Lots on 21.61 AC Date Palm Industrial Park, Cathedral City, CA

21.61 AC Date Palm Aerial
DATE PALM DRIVE & NORTH I-10, CATHEDRAL CITY, CA

FEATURES

  • 10 Industrial Lots with 5.06 ac remaining lot
  • Easy access to I-10, just .85 miles north
  • Prime location for freeway dispensary and 8 cannabis industrial lots with gated entrance
  • City ordinance now allows for Commercial Cannabis Business including sales of medical cannabis and or products, cultivation, processing, storing laboratory testing and distribution

ASKING PRICE: $1,500,000 ($1.59/SF)

VICINITY MAP

21.61 AC Date Palm Zoomed Aerial

Amenities

  • Location: The property is located at the intersection of Date Palm Dr. and Varner Rd. in Cathedral City, CA.
  • Land Use Zoning: L-I (Light Industrial, allows dispensaries, extraction, cultivation & open space)
  • Total Parcel Size: 21.61 acres
  • APN/Parcel Sizes: 659-230-009 (.07 ac), 010 (3.66 ac); 659-270-001 (1.05 ac), 002 (1.85 ac), 003 (2 ac), 004 (2.86 ac), 005 (2.85 ac), 006 (1.05 ac), 007 (1.06 ac), 008 (1.44 ac), 009 (.91 ac), 010 (1.08 ac), 011 (1.14 ac)
  • Utilities:
    Electric – Southern California Edison on Date Palm Dr.
    Water: CVWD – 30” line to site with two fire hydrants on Date Palm Dr.
    Sewer: CVWD – Approved for septic
    Gas: The Gas Company – To site
  • Earthquake Fault Zone: No
  • Flood Zone: Yes, 100 year flood
  • Due Diligence Studies: Complete due diligence package available.
  • Highest and Best Use: Cannabis Cultivation, Manufacturing and Distribution, Storage
  • Terms: Cash
  • Comments: Date Palm Industrial Park is located in the Light Industrial area of Cathedral City that allows for the cultivation, manufacturing, and sales of cannabis for the growing industry. Will need to replace bond.

projected sales

 SizePricePrice/SF
Lot #11.05 AC$400,000$9
Lot #21.85AC$564,000$7
Lot #32 AC$610,000$7
Lot #42.86 AC$875,000$7
Lot #52.85 AC$625,000$5
Lot #61.06 AC$305,000$7
Lot #71.06 AC$395,000$9
Lot #81.44 AC$530,000$9
Lot #90.91 AC$460,000$12
Lot #101.08 AC$269,000$6
Total15.89 AC$5,033,000$7.27

projected income

Projected sales of 10 lots ………….$5,000,000
Purchase Price ……………………………..$1,800,000
Improvement Costs ……………………$1,500,000
Sales Costs ………………………………………..$400,000
Total ………………………………………………….$3,700,000
Profit …………………………………………………$1,300,000
5.06 acres Remaining

Attatchments
Disclaimer

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref: 09/15/21 #2333C JC

Contact
Paula Turner profile photo

Paula Turner, Broker
paula@dppllc.com
Mobile 760-578-6564
Office 760-360-8200
DRE License #00702492

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Ranked #1 in the Coachella Valley for Commercial Real Estate

Rebecca profile photo

Rebecca Ramirez, Sales Agent
rebecca@dppllc.com
Mobile 760-333-7170
Office 760-360-8200
DRE License #02050799