Prime Palm Springs Investment
For Sale
$4,395,000
664 668 Palm Canyon Drive, Palm Springs, CA 92262
100% leased property in Palm Springs' historic Uptown District.
Property SizeContact for details
Days on Market125
Property Features for 664 668 Palm Canyon Drive
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
Realty Trust
(951) 226-5454
Listed By:
Scott Timberlake (scottptimberlake@icloud.com) · License #01257645
Source:
Mrmurrieta
Added: Apr 24
Changed: Aug 23
Last Checked: Aug 26 at 9:06AM
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.
Located in Palm Springs' historic Uptown District, this property offers visibility and charm. It features dual architecture, Mid-Century Modern and Spanish, situated on a single tax lot with two distinct addresses. The offering includes two buildings: one is a Mid-Century Modern commercial space suitable for retail, office, or mixed-use purposes. The other is a Spanish-style property, home to Jake's Restaurant, which has high foot traffic and street frontage. In 2024, Jake's expanded its operation with a 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 potential property tax reduction. The property is fully occupied. The seller is open to an exchange for an out-of-state commercial property, hotel, or residential income property, with Oregon being preferred. The bike score is 60, making it bikeable, the walk score is 66, making it somewhat walkable, and the transit score is 32, indicating some transit options.
Key Highlights
- 100% Leased Investment Opportunity in Palm Springs' Historic Uptown District, providing immediate income.
- Home to the renowned and successful Jake's Restaurant, ensuring high foot traffic and established revenue.
- Dual Architecture (Mid‑Century Modern and Spanish) offering unique aesthetic appeal and functionality.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,059
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Storefront property - 100% leased property in Palm Springs' historic Uptown District.
Where is this storefront property located?
The property is located at 664 668 Palm Canyon Drive Palm Springs, CA.
What is the asking price?
The asking price for this property is $4,395,000.
What are key features of this property?
This property features: 100% Leased Investment Opportunity in Palm Springs' Historic Uptown District, providing immediate income.; Home to the renowned and successful Jake's Restaurant, ensuring high foot traffic and established revenue.; Dual Architecture (Mid‑Century Modern and Spanish) offering unique aesthetic appeal and functionality.
