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    Indian Canyon Dr Palm Springs, CA 92262

    For Sale
    $1,100,000

    2494sf freestanding retail/restaurant in Palm Springs' Central Business District.

    Property size:
    2,494 SF
    Lot size:
    0.33 Acres

    Property Features for Indian Canyon Dr

    General Information

    Size
    2,494 SF
    Lot size
    0.33 Acres

    Building Details

    Year built
    1959

    Source: KELLER WILLIAMS REALTY Agent TERI ALVAREZ

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Palm Springs Retail/Restaurant Opportunity

    This 2494 square foot freestanding retail/restaurant property is a landmark of mid-century design. The building, designed by Howard Lapham in 1959, features street frontage with 100 feet on Indian Canyon Drive in the Central Business District of Palm Springs. The corridor is a bustling hub with a mix of shops, restaurants, entertainment, and diverse businesses. Previously the site of the Greyhound Bus Terminal and most recently Woody's Burgers, the property is now vacant and presents an opportunity for preservation or redevelopment. The property includes an ample parking lot and is adjacent to a signalized corner at Amado Road, with proximity to the I-10 Freeway/CA Route 62. It is within walking distance of The Spa Resort Casino Agua Caliente and Palm Canyon Drive. The property has been demoed inside down to the framing. The property was previously approved for Cannabis Retail with expired permits.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.5446934
    Latitude
    33.8228366

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    FAQs

    What type of property is this?
    Storefront property - 2494sf freestanding retail/restaurant in Palm Springs' Central Business District.
    Where is this storefront property located?
    The property is located at Indian Canyon Dr Palm Springs, CA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Prime location in the Central Business District of Palm Springs with 100' frontage on Indian Canyon Drive.; - High-traffic streetfront location in a bustling hub of shops, restaurants, and entertainment.; - Freestanding 2494sf building with ample parking.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Indian Canyon Dr Palm Springs, CA 92262
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