68031 Ramon Rd - Storefront Retail/Office FOR SALE


Cathedral City, CA 92234
$4,200,000 USD
760-289-8945
68031 Ramon Rd, Cathedral City, CA for Sale
$4,200,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 7.93% Cap Rate

68031 Ramon Rd
Cathedral City, CA 92234


HIGHLIGHTS

  • Long-term tenants
  • Heavy Daily Traffic
  • Multi-tenant building

OVERVIEW

Property Overview Offering a ±17,776 SF multi-tenant commercial building located at a signalized intersection on high-traffic Ramon Road in Cathedral City, California — a key arterial connecting Downtown Palm Springs to Interstate 10 in Rancho Mirage. This well-positioned asset has undergone significant capital improvements, including: New HVAC systems Fresh exterior paint and updated desert landscaping Upgraded elevator Enhanced security systems Tenant Profile The building is anchored by licensed and permitted cannabis tenants, including a retail dispensary and on-site consumption lounge, as well as a state-approved cannabis testing laboratory. The remaining suite is occupied by a popular quick-service fried chicken restaurant, providing strong tenant mix and diversified income streams. Cannabis operators have invested heavily in custom tenant improvements, signaling operational stability and long-term tenancy. Investment Highlights ±17,776 SF multi-tenant building Cannabis-zoned property with licensed dispensary and lab Long-term tenants with significant capital improvements Located on a hard signalized corner with excellent visibility Direct access to both Downtown Palm Springs and I-10 Heavy daily traffic counts along Ramon Road Recently upgraded major building systems This is a rare opportunity to acquire a stabilized, cannabis-permitted investment property in one of Southern California’s most business-friendly markets.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

7.93%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Ramon Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

181

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

PCC

APN/PARCEL ID

680-190-033

ASK ABOUT THIS PROPERTY

Natasha EspinoWilson Meade Commercial Real EstateMore Info
760-289-8945

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Natasha EspinoWilson Meade Commercial Real EstateMore Info
760-289-8945

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.