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About This Home
This land at 16 Mihalyo Road in Cathedral City, CA is listed for $1,288,000 (5.00 acres).
Mountain and Desert views on this FIVE (5) ACRES in Cathedral City, Riverside County. Flat rectangular lot is 338'+- on the West and East sides, 660'+- on the North and South. Zoning is MU-U or Mixed Use Urban, Commercial Zoning. One of the last large lots conveniently located near Palm Drive, at the 111 Freeway exit, consisting 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 indicates this 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. School district for this area is Palm Springs. Brightwood and Kaplan Colleges, Palm Springs High School, charter and elementary schools all within minutes of property.
Key Features
- 5.00 acre lot
Amenities
Location
16 Mihalyo Road
Cathedral City, CA 92240
Other (OTHR)
Features & Amenities
Exterior Features
Property Details
Views
Questions & Answers
This 0-bedroom, 0-bathroom land at 16 Mihalyo Road is listed at $1,288,000. The estimated monthly payment is $5,581 based on 20% down at 6.5% interest.
Key features include: 5.00 acre lot. Exterior Features: Community Features Included: Rural, Biking, Hiking.
This property is listed by Shawn Smithson and can be reached at 9493715569 or shawn@smithsonrealtygroup.com.
