664-668 N Palm Canyon Dr Palm Springs, CA 92262

This impeccably maintained commercial property is located in the heart of Palm Springs' historic Uptown District, offering exceptional visibility and charm. The property features dual architecture, with both Mid-Century Modern and Spanish styles, situated on a single tax lot with two distinct addresses. The offering includes two buildings: a Mid-Century Modern commercial space suitable for retail, office, or mixed-use purposes, and a Spanish-style property that houses Jake's Restaurant. Jake's Restaurant expanded its operation in 2024 with a new fully renovated lobby, additional indoor seating, kitchen and restrooms. Off-street parking is available exclusively for tenants. The 668 building features two common area restrooms on the second floor, while the ground-floor retail units each have private restrooms. A fully paid solar system on the 668 building enhances sustainability and reduces operational costs. The property is currently under application for the Mills Act for a potentially significant property tax reduction. The property is 100% leased. The seller is open to an exchange for an out-of-state commercial property, hotel, or residential income property, with a preference for Oregon.