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68031 Ramon Rd
Cathedral City, CA 92234
Ramon Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-term tenants
- Multi-tenant building
- Heavy Daily Traffic
EXECUTIVE SUMMARY
Property Overview
Offering a ±17,776 SF multi-tenant commercial building located at a signalized intersection on high-traffic Ramon Road in Cathedral City, California — a key arterial connecting Downtown Palm Springs to Interstate 10 in Rancho Mirage.
This well-positioned asset has undergone significant capital improvements, including:
New HVAC systems
Fresh exterior paint and updated desert landscaping
Upgraded elevator
Enhanced security systems
Tenant Profile
The building is anchored by licensed and permitted cannabis tenants, including a retail dispensary and on-site consumption lounge, as well as a state-approved cannabis testing laboratory. The remaining suite is occupied by a popular quick-service fried chicken restaurant, providing strong tenant mix and diversified income streams.
Cannabis operators have invested heavily in custom tenant improvements, signaling operational stability and long-term tenancy.
Investment Highlights
±17,776 SF multi-tenant building
Cannabis-zoned property with licensed dispensary and lab
Long-term tenants with significant capital improvements
Located on a hard signalized corner with excellent visibility
Direct access to both Downtown Palm Springs and I-10
Heavy daily traffic counts along Ramon Road
Recently upgraded major building systems
This is a rare opportunity to acquire a stabilized, cannabis-permitted investment property in one of Southern California’s most business-friendly markets.
Offering a ±17,776 SF multi-tenant commercial building located at a signalized intersection on high-traffic Ramon Road in Cathedral City, California — a key arterial connecting Downtown Palm Springs to Interstate 10 in Rancho Mirage.
This well-positioned asset has undergone significant capital improvements, including:
New HVAC systems
Fresh exterior paint and updated desert landscaping
Upgraded elevator
Enhanced security systems
Tenant Profile
The building is anchored by licensed and permitted cannabis tenants, including a retail dispensary and on-site consumption lounge, as well as a state-approved cannabis testing laboratory. The remaining suite is occupied by a popular quick-service fried chicken restaurant, providing strong tenant mix and diversified income streams.
Cannabis operators have invested heavily in custom tenant improvements, signaling operational stability and long-term tenancy.
Investment Highlights
±17,776 SF multi-tenant building
Cannabis-zoned property with licensed dispensary and lab
Long-term tenants with significant capital improvements
Located on a hard signalized corner with excellent visibility
Direct access to both Downtown Palm Springs and I-10
Heavy daily traffic counts along Ramon Road
Recently upgraded major building systems
This is a rare opportunity to acquire a stabilized, cannabis-permitted investment property in one of Southern California’s most business-friendly markets.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,776 SF
Building Class
B
Year Built/Renovated
1980/2018
Price
$4,200,000
Price Per SF
$236.27
Cap Rate
7.93%
NOI
$333,060
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.70
Lot Size
0.24 AC
Zoning
PCC - Planned Community Commercial
Parking
181 Spaces (9.87 Spaces per 1,000 SF Leased)
Frontage
153’ on Ramon Rd
AMENITIES
- 24 Hour Access
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 680-190-033 | Improvements Assessment | $3,225,240 |
| Land Assessment | $276,746 | Total Assessment | $3,501,986 |
PROPERTY TAXES
Parcel Number
680-190-033
Land Assessment
$276,746
Improvements Assessment
$3,225,240
Total Assessment
$3,501,986
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