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Two-Story Cannabis Property with Elevator
For Sale
$2,950,000

353 Palm Canyon Dr, Palm Springs, CA 92262

Fee-simple commercial asset with upgraded interiors, private parking, and mountain and city views.

Property SizeContact for details
Days on Market28

Property Features for 353 Palm Canyon Dr

General Information

Standard status Active

Building Details

Year Built 1992
Listing Agency: Realty Trust
Listed By: Scott Timberlake · License #01257645
Source: Myfabuloushome
Added: Aug 6 Changed: Aug 30 Last Checked: Sep 1 at 10:29PM

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 fee-simple, two-story cannabis property includes a private off-street parking lot and elevator. The main level contains an upgraded dispensary, while the second floor is configured as a cannabis lounge. The building also features newer mechanical systems, refined interior and exterior improvements, and ADA-compliant access. The owner or tenant is expected to vacate at closing, and office or retail leasing options are available.

An expansive outdoor area provides mountain and city views, complemented by strong visibility from Palm Canyon Drive in downtown Palm Springs. The cannabis license is transferable. New licenses are not expected to be issued until after 12/31/2027, and restricted access requires advance showing arrangements through the listing agent.

Key Highlights

  • Transferable cannabis license included with the property
  • Two‑story building with upgraded dispensary and second‑floor cannabis lounge
  • Private off‑street parking lot, elevator, and ADA‑compliant access

Property Analytics

Current Use

Coachella Valley Green ... (Bike/Boat/Book/etc) Store Palm Springs Skin ... Hair Salon

Suggested Use

Top Pick Auto Parts Store Storage Facility Veterinary Clinic Computer & Electronic Repair Grocery & Convenience Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,842
Businesses Nearby

Demographics for 92262, CA

26,593
Population
19,940
Households
1.3
Avg Household Size
54
Median Age
42%
College-Educated
93%
High-School Grad
35.1 sq mi
ZIP Area
758
Density / Sq Mi
$70,514
Median Household Income
$42,940
Median Earnings
$1,420
Median Rent
$600,600
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Cannabis property - Fee-simple commercial asset with upgraded interiors, private parking, and mountain and city views.
Where is this cannabis property located?
The property is located at 353 Palm Canyon Dr 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: Transferable cannabis license included with the property; Two‑story building with upgraded dispensary and second‑floor cannabis lounge; Private off‑street parking lot, elevator, and ADA‑compliant access
More about this property
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