Downtown Palm Springs Restaurant Space

Retail-Commercial for Sale
Catylist Listing ID: 30349339
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub, Other
Building Size (RSF): 7,600 SF
Gross Building Area: See Agent
Sale Price: $1,800,000
Unit Price: $236.84 PSF
Property Use Type: Investment, Business
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/8/2020

Overview / Comments

Located near the intersection of Amado and Palm Canyon Drive. This is an incredible opportunity to own prime commercial property in the heart of Downtown Palm Springs just north of the recently revitalized downtown district. Zoned commercial in the Central Business District zoning designation allowing hotel, retail, restaurant and many other uses. The Highway 111 corridor is one of the busiest in the Coachella Valley with many new projects currently proposed and under construction.

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Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 513-081-016
Zoning: CBD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino
Property Visibility: Excellent
Largest Nearby Street: Palm Canyon Drive
Year Built: 1955
Construction/Siding: Block
Total Parking Spaces: 2
Lot Frontage: 65 ft.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,275 38,584 81,699
Median Age: 49.62 49.47 42.78
Households: 3,945 19,307 33,902


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