16 Mihalyo Road Cathedral City CA 92240 MLS #LG22183104

16 Mihalyo Road
Cathedral City, CA, 92240
$1,288,000
Beds
0 Baths
SqFt
5 Acres
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FIVE (5) ACRES, GEORGOUS 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!

Property Details

Price:
$1,288,000
MLS #:
LG22183104
Status:
Active
Baths:
0
Address:
16 Mihalyo Road
Type:
Land
City:
Cathedral City
Listed Date:
Sep 25, 2022
State:
CA
ZIP:
92240
Lot Size:
217,800 sqft / 5.00 acres (approx)
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Exterior

Community Features
Biking, Hiking, Rural
Fencing
None
Lot Features
Desert Back, Desert Front, Level with Street, Lot Over 40000 Sqft, Rectangular Lot, Level, Secluded, Value In Land
Sewer
None
View
Desert, Mountain(s), Neighborhood, Panoramic, See Remarks
Water Source
None

Financial

Association Fee
0.00
Utilities
None, See Remarks, Sewer Not Available

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