31033 Date Palm Dr, Cathedral City, CA 92234
124,305 SF | 10% Leased | Retail Building | Cathedral City, CA 92234 | $13,900,000 ($112/SF)
For Sale
Active
Asking Price $13,900,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Retail
- Square Feet
- 124,305 SF
- Price / Square Foot
- $112
Listing Contacts
Michael Lyle
Steve Lyle
Property Overview
Date Palm Plaza: A Prime Value-Add Opportunity in Cathedral City, CA
Welcome to Date Palm Plaza, an exceptional property strategically located at 31033 Date Palm Dr, Cathedral City, CA. Situated near the bustling intersection of Ramon Rd and Date Palm Drive, with a traffic count exceeding 50,000 cars per day, this property presents a rare and lucrative investment opportunity for redevelopment or repositioning.
This property boasts a prime location, nestled at the heart of Cathedral City. Its proximity to the Date Palm exit off Interstate 10 provides convenient access to the entire Coachella Valley, making it an ideal destination for both residents and tourists alike.
Priced at $22/SF for land value or $112/SF for existing building value, Date Palm Plaza offers tremendous value for investors seeking to capitalize on the thriving commercial real estate market in the area.
Currently anchored by Big 5 and Metro PCS, Date Palm Plaza has a solid foundation of established tenants. While 99 Cents previously occupied over 20,000 SF, recent bankruptcy proceedings have left the space vacant, presenting an opportunity for new leasing or redevelopment initiatives.
With its flexible zoning and approved site plan, Date Palm Plaza is perfectly suited for a variety of uses, including retail, public storage, multifamily housing, and government offices. The property's multiple pads of varying sizes offer endless possibilities for development and expansion.
Date Palm Plaza is a well-known and respected retail destination in Cathedral City, anchored by reputable tenants and surrounded by a vibrant community of businesses and residents.
Boasting 533.41 feet of frontage on Date Palm Drive, Date Palm Plaza offers unparalleled visibility and exposure to passing traffic. Abundant reciprocal parking ensures convenience for both tenants and customers.
With its prime location and versatile zoning, Date Palm Plaza presents a prime development opportunity for investors looking to capitalize on the growing demand for commercial real estate in Cathedral City.
Don't miss your chance to be a part of the exciting growth and development happening in Cathedral City. Whether you're a seasoned investor looking for your next project or a business owner seeking a prime location for your enterprise, Date Palm Plaza offers endless possibilities for success. Contact us today to learn more about this exceptional property and secure your place in one of the Coachella Valley's most dynamic commercial centers.
Welcome to Date Palm Plaza, an exceptional property strategically located at 31033 Date Palm Dr, Cathedral City, CA. Situated near the bustling intersection of Ramon Rd and Date Palm Drive, with a traffic count exceeding 50,000 cars per day, this property presents a rare and lucrative investment opportunity for redevelopment or repositioning.
This property boasts a prime location, nestled at the heart of Cathedral City. Its proximity to the Date Palm exit off Interstate 10 provides convenient access to the entire Coachella Valley, making it an ideal destination for both residents and tourists alike.
Priced at $22/SF for land value or $112/SF for existing building value, Date Palm Plaza offers tremendous value for investors seeking to capitalize on the thriving commercial real estate market in the area.
Currently anchored by Big 5 and Metro PCS, Date Palm Plaza has a solid foundation of established tenants. While 99 Cents previously occupied over 20,000 SF, recent bankruptcy proceedings have left the space vacant, presenting an opportunity for new leasing or redevelopment initiatives.
With its flexible zoning and approved site plan, Date Palm Plaza is perfectly suited for a variety of uses, including retail, public storage, multifamily housing, and government offices. The property's multiple pads of varying sizes offer endless possibilities for development and expansion.
Date Palm Plaza is a well-known and respected retail destination in Cathedral City, anchored by reputable tenants and surrounded by a vibrant community of businesses and residents.
Boasting 533.41 feet of frontage on Date Palm Drive, Date Palm Plaza offers unparalleled visibility and exposure to passing traffic. Abundant reciprocal parking ensures convenience for both tenants and customers.
With its prime location and versatile zoning, Date Palm Plaza presents a prime development opportunity for investors looking to capitalize on the growing demand for commercial real estate in Cathedral City.
Don't miss your chance to be a part of the exciting growth and development happening in Cathedral City. Whether you're a seasoned investor looking for your next project or a business owner seeking a prime location for your enterprise, Date Palm Plaza offers endless possibilities for success. Contact us today to learn more about this exceptional property and secure your place in one of the Coachella Valley's most dynamic commercial centers.
Property Details
- Class
- B
- Year Built/Renovated
- 1992/2007
- Stories
- 1
- Property Subtype
- Storefront Retail/Office, Warehouse, Medical
- Lot Size (sq. ft)
- 619,859 SF
Highlights
- Established center in Cathedral City.
- Former Walmart building now anchored with Big 5.
- Centrally located at the Date Palm exit off Interstate 10 for access to all of the Coachella Valley.
- Many possible uses including retail, warehouse, medical, storage, multi-familly and government offices.
- 533.41 feet of frontage on Date Palm Drive.
- Prime development opportunity.
All available spaces
- Space
- 1st Fl-Ste A-1
- Size
- 19,992 SF
- Condition
- Shell Space
- Space
- 1st Fl-Ste A-10
- Size
- 962 SF
- Condition
- Shell Space
- Space
- 1st Fl-Ste A-11
- Size
- 855 SF
- Condition
- Shell Space
- Space
- 1st Fl-Ste A-4/5
- Size
- 6,537 SF
- Condition
- Shell Space
- Space
- 1st Fl-Ste A-6
- Size
- 34,506 SF
- Condition
- Full Build-Out
- Space
- 1st Fl-Ste A-7
- Size
- 25,130 SF
- Condition
- Shell Space
- Space
- 1st Fl-Ste A-8
- Size
- 22,037 SF
- Condition
- Shell Space
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