32
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$1,625,000
Est. payment /mo
Active
68537 Grove ST Cathedral City, CA 92234
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Cathedral City Cove
MLS Listing ID 219139423DA
HOA Y/N Yes
Property Description
Outstanding vacant land development opportunity in the booming core of Cathedral City. This assemblage of five contiguous APNs, intended to be merged into a single parcel, offers an ideal site for a future 15-unit apartment project. Professional design plans and concept renders for the proposed building are included, providing a clear vision of the development potential and placing the project near ready for submittal to the Planning Department. Located within a designated Opportunity Zone, the property offers significant tax-advantaged investment benefits. The site is directly adjacent to The Jasper, a brand-new Class A development now under construction, and is just moments from the sought-after Cathedral City Cove community and the revitalized, fast-growing downtown district featuring new restaurants, retail, and entertainment. With excellent proximity to Highway 111 and major employment centers, this parcel delivers outstanding visibility, strong fundamentals, and exceptional long-term upside. This is a rare chance to build in one of booming Cat City's most active and desirable growth corridors.
Location
State CA
County Riverside
Area 336 - Cathedral City South
Interior
Fireplace No
Exterior
View Y/N Yes
View Mountain(s), Panoramic
Building
Sewer Unknown
Others
Senior Community No
Tax ID 687197004
Acceptable Financing Cash to New Loan, Contract, 1031 Exchange
Listing Terms Cash to New Loan, Contract, 1031 Exchange
Special Listing Condition Standard
Listed by Ethan Mezrahi Real Brokerage Technologies
MORTGAGE CALCULATOR
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.
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