1000 Palm Canyon DrPalm Springs, CA 92264

Property Details for 1000 Palm Canyon Dr

Lot size

0.26 AC

Zone code

C1AA

Property type

Land

Property subtype

Commercial land

APN

505-265-006

APU

505265006

Description

This exceptional investment opportunity presents an 8,032 square foot, multi-tenant commercial building in the vibrant heart of Palm Springs, California. Boasting 100% occupancy with eight tenants, this two-story building offers a strong 2.82% cap rate. Built in 1978, the property sits on a 0.62-acre lot (APN 508-291-034) and is zoned C-1 (Retail Business) / Resort Combining Zone, providing flexibility for future uses. Strategically located on a signalized intersection of a major Palm Springs roadway, it enjoys excellent visibility and proximity to downtown Palm Springs (less than a mile) and Palm Springs International Airport (under three miles). The building's prime location benefits from Palm Springs' thriving tourism, attracting over 14 million visitors annually. This architecturally interesting property presents a compelling investment opportunity with consistent income and significant upside potential. The asking price is $1,975,000. Please note that tenants should not be disturbed.

• Alternative Use

  Use

  Valuation

  Residential

  $3,562,693

  Hospitality

  $3,263,408

  Educational

  $2,715,117

  Medical

  $2,808,494

  Retail

  $4,223,516

Location Insight

City

Palm Springs

County

Riverside

State

California

Latitude

33.8363

Longitude

-116.546

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.