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16 Mihalyo Road, Cathedral City, CA 92240

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For Sale

$1,288,000

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

Explore this Property

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.
MLS# LG22183104

Courtesy Of Re/Max One

(949) 342-2244

Property Features

  • Amenities
    Dock
  • Architecture Style
    Other
  • View Type
    Desert, Mountain, Panorama

Map and Directions

Directions to 16 Mihalyo Road, Cathedral City, CA 92240

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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