600 750 Tahquitz Canyon Way, Palm Springs, CA 92262

Kaptur Plaza, an iconic Palm Springs landmark, was completely restored in 2018, including all mechanical, plumbing, electric, and new roofs. The property is a featured destination on the Historic Register for award-winning design and architecture by renowned Mid-Century architect, Hugh Kaptur. The Mills Act is in place, significantly reducing annual property taxes. The property consists of two parcels with approximately 32,000 square feet of interior space and 145,926 square feet of fee-simple land in the heart of downtown Palm Springs. This prime 3.35 acres of fee-simple land is strategically located in Section 14 along the Tahquitz Corridor. Zoning allows for mixed uses, including office, retail, and medical. Featured tenants include Koffi, Revive Wellness, and V Wine Lounge. On-site professional property management is provided by Realty Trust, Asset Management. The property is fully leased with constantly high occupancy rates and diversified uses, including executive suites with a receptionist and shared amenities. New construction is planned to start in 2027 behind Kaptur Plaza by Nexus Development, which will include high-rise condominiums and a luxury hotel. The property has a bike score of 80, making it very bikeable, a walk score of 69, making it somewhat walkable, and a transit score of 34, indicating some transit options.