Ramon Plaza 68031 Ramon Rd 17,776 SF 100% Leased Retail Building Cathedral City, CA 92234 $4,200,000 ($236.27/SF) 7.93% Cap Rate

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.