Palm Canyon Drive Mixed-Use
431 South Palm Canyon Drive, Palm Springs, CA 92262
Two-story building in revitalized downtown Palm Springs financial district.
Type:Office
Property size:
15,107 SFPrice / SF:
$364/SF- Added:
- Mar 5, 2026
- Days on Market:
- 72
- Last Refresh:
- Apr 5 at 8:24 pm
Property Features for 431 South Palm Canyon Drive
General Information
- Standard status
- Active
- Size
- 15,107 SF
- Property subtype
- Office
Building Details
- Year Built
- 1960
Listing agent Michael Lyle License #CalDRE #02002995 (760) 774-6533
Listing office Coldwell Banker Commercial Lyle & Associates (760) 774-6533
Listing date Mar 5, 2026
Source Cbclyle
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 Coldwell Banker Commercial Lyle & Associates
HighLights
- Prime owner/user opportunity to occupy 6,958 sf of the first floor with prominent signage and ground floor frontage.
- Located in a rapidly redeveloping downtown Palm Springs block with high foot traffic and major investments.
- Opportunity to increase building size by converting excessive driveway entrances into additional storefronts on Palm Canyon Drive.
- Potential to increase income through strategic leasing and redevelopment.
- Existing structure of a two‑story building originally built as a Wells Fargo Bank, offering a unique historical element.
- Proximity to Eisenhower Health Center and other mixed‑use developments.
Overview
Located at 431 S. Palm Canyon Drive, this two-story building offers 15,107 square feet of space. Originally constructed in 1960 as a Wells Fargo Bank with a drive-through and second-floor office suites, the property presents an opportunity for an owner/user to occupy the entire first floor of 6,958 square feet. The current tenant, HomeSmart, occupies the first floor with a lease ending on 04/30/2022, with no options to extend. The second floor comprises eight units of varying sizes and uses. Situated in the old financial block of downtown Palm Springs, the property benefits from recent investments and changes in the area, including the redevelopment of the historic JW Robinson Department store into a multi-tenant property featuring restaurants, bars, entertainment venues, BevMo, and Orange Theory. The location is south of the high-traffic bar-hopping zone, offering dynamic redevelopment possibilities. Adjacent to the property is the Eisenhower Health Center, which underwent a major overhaul of its 14,152 square foot property in 2013. The area has transformed into a mixed-use district with retail, office, medical, and financial services, including restaurants, bars, and venue spaces. The property offers potential to increase the size of the first floor by utilizing excessive driveway entrances to add square footage. Opportunities exist to add storefronts on Palm Canyon Drive in place of the former bank drive-through lanes, standardize leasing forms, synergize with the neighboring Eisenhower Health building, explore new leasing strategies to increase income, and redevelop the property, particularly with condominiums above restaurant/bar/retail spaces.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Diamond Palms
Garden Center
Www Aliapaula Com
Psychotherapist
Michael D Caruthers ...
Law Firm
Sallie Albertina, Wedding ...
Wedding Service
Mike Valerio Real ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Palm Springs
- County
- Riverside
- State
- California
- Longitude
- -116.547
- Latitude
- 33.817
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FAQs
What type of property is this?
Office building - Two-story building in revitalized downtown Palm Springs financial district.
Where is this office building located?
The property is located at 431 South Palm Canyon Drive Palm Springs, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Prime owner/user opportunity to occupy **6,958 sf of the first floor** with prominent signage and ground floor frontage.; Located in a rapidly redeveloping downtown Palm Springs block with high foot traffic and major investments.; Opportunity to increase building size by converting excessive driveway entrances into additional storefronts on Palm Canyon Drive.
