431 S Palm Canyon Dr Palm Springs, CA 92262

This assemblage of office and retail properties fronts South Palm Canyon Drive in the old financial block of downtown Palm Springs. The block has experienced major investment and change over the past several years, including the redevelopment of the historic JW Robinson Department store building into a multi-tenant property with restaurants, bars, entertainment, BevMo, and Orange Theory. The block is just South of and contiguous to the high foot traffic bar hopping zone, offering dynamic redevelopment opportunities. Adjacent to this assemblage is the new Eisenhower Health Center, which overhauled the 14,152 square foot property in 2013. The area, formerly the banking/financial district of Palm Springs, has been reborn into a mixed-use area with retail including mid-century home furnishings, office, medical, financial services, restaurants, bars, and venue space. The three buildings total 30,888 square feet and have excellent frontage on South Palm Canyon Drive. This is a rare opportunity to acquire an assemblage of contiguous buildings on Palm Canyon Drive. Multiple value-add opportunities exist, including adding storefronts on Palm Canyon Drive to replace former bank drive-through lanes, standardizing leasing forms, synergizing with neighboring Eisenhower Health, constructing a new restaurant storefront with a second-story patio, redeveloping the 441 building parcel, exploring new leasing strategies, and redeveloping the entire 74,051 square foot assemblage of parcels. Condominiums above restaurant/bar/retail are in high demand. An owner/user opportunity exists for 5,000 square feet or larger with prime signage and ground floor frontage.