490 S Palm Canyon Dr Palm Springs, CA 92262

The iconic former Saks Fifth Avenue building, a downtown Palm Springs landmark, is located at the NEC of South Palm Canyon Drive and Ramon Road. Originally built for Saks Fifth Avenue, the property is a Palm Springs architectural statement. It features prominent corner visibility where cross-traffic consistently stops, maximizing exposure. The large, open floor plan is ideal for creative adaptive reuse, and there is expansive signage potential, offering an unmatched branding opportunity in the downtown core. The building has a unique mid-century pedigree and is located across from the historic Chase Bank. Potential uses include a high-end showroom, boutique nightclub or entertainment venue, medical or wellness use, co-working or creative office space, or destination retail. The property is situated at a prime downtown intersection, visible from multiple approaches including Palm Canyon and Ramon Road, and across from architectural icons such as the Chase Bank building and the “500 Building.” It is adjacent to future redevelopment, with a proposed hotel project planned across the intersection. The property is located within Palm Springs’ only upzoned district, allowing height and density up to 4 stories. It is walkable to downtown hotels, restaurants, and entertainment corridors. The vacancy presents a clean slate for design, reconfiguration, and modernization.