664 668 Palm Canyon Dr, Palm Springs, CA 92262

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.