$1,288,000
5 Acre Lot

16 Mihalyo Road, Cathedral City, California 92240

  • Land Property Type
Property Description

FIVE +- (5) ACRES, GORGEOUS MOUNTAIN and DESERT VIEWS, in CATHEDRAL CITY, Riverside County, Ca. Flat, rectangular lot is 338’+- on the West and East sides, 660’+- on the North and South. ZONING is MU-U (Mixed Use Urban) and COMMERCIAL. One of the last large lots conveniently located near Palm Drive, at the 60 FREEWAY EXIT. Corners consist of Arco/Mkt on the Southwest corner. Chevron/Mkt and a Jack in the Box on the Northeast corner. Just to the Northwest is cannabis cultivation zoning. Harborside Cannabis drive-thru, right on the other side of Palm Drive. New construction on the Northwest corner of Palm Drive and Paul. Amazing number of home tracts on the South side of the Freeway. This indicates the North Palm Springs/Desert Hot Springs/Cathedral City area is moving forward with commercial and residential growth. Large parcels will be at a premium and certainly retain investment values! Palm Drive is right between Indian Canyon Drive to the West and Date Palm Drive to the East, off the 60 Freeway. Head South on Palm Drive and it turns into the North Gene Autry Trail. This is the main road to Palm Springs International Airport, the Palm Springs Tramway, Palm Springs Art Museum and more. Shopping at the Sunrise Vista Chino Albertsons Center also available just East of the Airport. Palm Springs school district. Brightwood and Kaplan Colleges, Palm Springs High School, charter and elementary schools all within minutes of property. Palm Drive is a beautiful palm tree lined four-lane drive. Location is 100% Great investment!

Basic Details
Land
For Sale
LG22183104
$1,288,000
Desert, Mountain(s), Neighborhood, Panoramic
5 Acre
Active
Features
: None
: None
: None, Water Not Available, See Remarks, Sewer Not Available
$0
Address Map
CA
Riverside
Cathedral City
North Cathedral City
92240
Mihalyo
16
Road
10 Fwy, North on Palm Drive, East on Mihalyo Rd, (North of Jack In The Box) follow dirt Rd to Northwest corner of lot.
335 - Cathedral City North
MU-U
Additional Information
$0
$0
$0
$0
$0
: Biking, Rural, Hiking
: Unimproved
: Rectangular Lot, Lot Over 40000 Sqft, Secluded, Value In Land, Level, Street Level, Desert Back, Desert Front
338 X 660
2022-09-25
Commercial,Horses,Investment,See Remarks
Coachella
: None
Broker/Agent Information
RE/MAX One
Shawn Smithson
Listing Information
OCSMITHSHA
OC12216
Cash,Cash to New Loan,Submit
Active
2025-01-14T02:08:58Z
CRMLS
: Standard
2022-09-25T19:55:55Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069