Two-Story Cannabis Dispensary
353 Palm Canyon Drive Palm Springs, CA 92262
353 Palm Canyon Drive, Palm Springs, CA, 92262
$2,950,000
For Sale
$2,950,000
Fee-simple two-story cannabis facility with elevator, ADA compliance, and dedicated off-street parking.
Days on Market604
Property Features for 353 Palm Canyon Drive
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1992
Listing agency
Realty Trust
Listed by
Scott Timberlake
(714) 731-3777
Source
Sevengables
Added: Nov 25, 2024 Updated: Jul 10 at 1:49PM Checked: Jul 1 at 2:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Trust
Investment Insights
Based on property information with market context.
This two-story, fee-simple commercial building is designed for cannabis operations and includes a private, off-street parking lot and an elevator. The main floor is built out as a highly upgraded dispensary, while the second floor is configured as a cannabis lounge. The property includes newer mechanical systems and high-end interior and exterior improvements, along with expanded outdoor space with mountain and city views. The facility is described as ADA compliant.
Located in Downtown Palm Springs, the property benefits from strong visibility. An owner or tenant will vacate at closing. Cannabis license transfer is available, with the public remarks noting that no new licenses are issued until after 12/31/2027 and that city planning is expected to restrict or limit Palm Springs licenses in 2028, considering a maximum of 10. Showing access is restricted, and appointments must be arranged through the listing agent.
With office/retail leasing options available per the listing, the building may fit tenants and operators looking for a purpose-built cannabis environment with established indoor and lounge configurations and on-site parking. Financing is described as available but limited for the property’s current use, and private financing may be possible with a substantial down payment exceeding 50%. For projected income and expense details, the listing advises contacting the agent directly.
Located in Downtown Palm Springs, the property benefits from strong visibility. An owner or tenant will vacate at closing. Cannabis license transfer is available, with the public remarks noting that no new licenses are issued until after 12/31/2027 and that city planning is expected to restrict or limit Palm Springs licenses in 2028, considering a maximum of 10. Showing access is restricted, and appointments must be arranged through the listing agent.
With office/retail leasing options available per the listing, the building may fit tenants and operators looking for a purpose-built cannabis environment with established indoor and lounge configurations and on-site parking. Financing is described as available but limited for the property’s current use, and private financing may be possible with a substantial down payment exceeding 50%. For projected income and expense details, the listing advises contacting the agent directly.
Key Highlights
- 1992‑built, fee‑simple two‑story cannabis facility with elevator and dedicated off‑street parking lot
- Main floor is a highly upgraded dispensary; second floor features a cannabis lounge
- ADA compliant with excellent visibility; restricted access—showings by appointment only
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coachella Valley Green ...
(Bike/Boat/Book/etc) Store
Palm Springs Skin ...
Hair Salon
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FAQs
What type of property is this?
Cannabis property - Fee-simple two-story cannabis facility with elevator, ADA compliance, and dedicated off-street parking.
Where is this cannabis property located?
The property is located at 353 Palm Canyon Drive Palm Springs, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 1992‑built, fee‑simple two‑story cannabis facility with elevator and dedicated off‑street parking lot; Main floor is a highly upgraded dispensary; second floor features a cannabis lounge; ADA compliant with excellent visibility; restricted access—showings by appointment only
