16 Mihalyo Road, Cathedral City

$1,288,000

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0 Bed
0 Bath
5 Acres
0 Garage

FIVE (5) ACRES, 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 111 FREEWAY EXIT. Corners consist of Arco and Chevron gas stations and a Jack in the Box restaurant. Desert Hot Springs, just to the Northwest has a huge cultivation zoning. Newly built Harborside Cannabis drive-thru, right on the other side of Palm Drive and several new amazing 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 111 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. Great investment!

Essential Information

MLS® #
LG22183104
Price
$1,288,000
Bathrooms
0.00
Acres
5.00
Type
Land
Status
Active

Community Information

Address
16 Mihalyo Road
Area
335 - Cathedral City North
Subdivision
North Cathedral City
City
Cathedral City
County
Riverside
Zip Code
92240
Community Features
Biking, Hiking, Rural
Senior Community
N

Utilities

None, See Remarks, Sewer Not Available, Water Not Available

View

Desert, Mountain(s), Neighborhood, Panoramic

Lot Description

Desert Back, Desert Front, Lot Over 40000 Sqft, Level, Rectangular Lot, Secluded, Street Level, Value In Land

Additional Information

Date Listed
September 25th, 2022
Days on Market
600
Zoning
MU-U

Listing Details

Agent
Shawn Smithson
Office
Re/Max One

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Shawn Smithson - Re/Max One

Based on information from California Regional Multiple Listing Service, Inc. as of May 18th, 2024 at 1:35pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.