370-380 N Palm Canyon Drive

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30755473
Property Subtypes: Day Care Facility, Mixed Use, Movie Theatre, Post Office, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending
Building Size (RSF): 11,800 SF
Sale Price: $1,800,000
Unit Price: $152.54 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/23/2021

Overview / Comments

Prime location in the growing heart of Downtown Palm Springs. The property is conveniently located between the new Andaz Hotel (currently under construction) to the north and the Hyatt and Kimpton Hotels to the south. Numerous potential uses in Central Business District zone including retail, office, and restaurant. The property features approximately 10,215 SF of retail commercial space including two separate storefronts, and a 1,585 SF 3 bedroom, 2 bath loft upstairs.(Represented in the photos as both white AND tan fa├žades.) Great upside potential with a mixed-use development. Substantial investments have been made in this area of N Palm Canyon Drive over the last few years.
Shown by appointment only.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 513-081-021
Zoning: CENTRAL BUSINESS DISTRICT
Retail Clientele: General, Business, Tourist, Recreation
Property Located Between: E Alejo Rd & E Amado Rd
Property Visibility: Excellent
Largest Nearby Street: N Palm Canyon Drive
Feet of Frontage: 75
Traffic/Vehicle Count: 8,954
Airports: PSP
Number of Stories: 2
Year Built: 1944
Lot Frontage: 75
Lot Depth: 45.5

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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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