Mid Century on Palm Canyon Drive.

Retail-Commercial for Sale
Catylist Listing ID: 30331453
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 3,732 SF
Gross Building Area: See Agent
Gross Land Area: 0.25 Acres
Sale Price: $1,317,000
Unit Price: $352.89 PSF
Property Use Type: Vacant/Owner-User, Business
Building Name: Dazzels
Usable Size (USF): 3,732 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/15/2019

Overview / Comments

Offering one of the few available properties on North Palm Canyon Drive in the eclectic retail/restaurant district. 5 units which can be utilized as retail, apartments, offices or a restaurant. Lot is large enough for parking or building another small building. Property will be vacated at time of sale.
Strategically located in the center of the North Palm Canyon Business District an eclectic combination of mid century retailers, clothing stores and wonderful restaurants. Palm Canyon Drive is Palm Springs' main street and
attracts both tourists and local residents.
The adjacent property, a mix of street retail and residential units on a smaller lot, recently sold for $1.2 million. The subject lot is slightly larger, and more flexible for parking uses. Based on the location of the adjacent comp, the asking price of $1,317,000 appears is appropriate for this market.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Taxing Authority: Riverside County
Tax ID/APN: 505-261-008 & 009
Zoning: C-1/R-2
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Via Lola & Hermosa Place
Property Visibility: Excellent
Largest Nearby Street: Fronts on Palm Canyon Dr.
Feet of Frontage: 90
Airports: Palm Springs International
Area Description: North Palm Canyon Drive location within the exciting "North Palm Canyon Marketplace" featuring a wonderful mix of retail, restaurant , and services.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1950
Roof Type: Flat
Construction/Siding: Stucco
Total Parking Spaces: 13
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,448 41,868 81,699
Median Age: 52.21 47.71 42.78
Households: 3,531 20,179 33,902


Photograph of Listing Agent

John Stiles

Stiles & Associates
DACIE Member

Sponsoring Organization

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