490 Palm Cyn Dr Palm Springs, CA 92262

The property is the former Saks Fifth Avenue building, a downtown Palm Springs landmark located at the northeast corner of South Palm Canyon Drive and Ramon Road, directly across from the historic Chase Bank. It is a mid-century architectural building originally constructed for department store retail use and offers prominent corner visibility with exposure to cross-traffic at a major downtown intersection. The interior features a large, open floor-plan configuration suitable for adaptive reuse and flexible space planning, and the site presents potential for extensive exterior signage given its corner positioning. The property is located in Palm Springs’ only upzoned district, which allows development up to 4 stories, and potential uses commonly align with spaces such as showrooms, entertainment or event venues, medical/wellness uses, co-working or creative office space, and destination retail. The location is walkable to downtown amenities and is adjacent to surrounding redevelopment activity, including a proposed hotel project across the intersection.