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Property profile

605 Riverside Dr Palm Springs, CA 92264

OFF-MARKET
Specialty properties
Property ID
US10-2940334
6,096 SF Built 1956
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Property summary

AI-generated overview

This meticulously preserved mid-century modern church building, located at 605 S Riverside Dr, Palm Springs, CA 92264, presents a unique investment opportunity. Boasting 6,096 square feet on a 30,492 square foot lot (APN 508-191-030), this exceptional property was originally constructed in 1956, with subsequent additions in 1961 and 1968, all designed by renowned Palm Springs architect Albert Frey. Expertly maintained, the building retains its historical charm and timeless architectural details, showcasing pristine condition. Offered for sale for the first time since its construction, this fee-simple ownership presents exciting possibilities for adaptive reuse. Permitted and conditional uses include churches, restaurants, private educational institutions, private clubs and lodges, museums, event/convention centers, and hotel/multifamily dwellings. The asking price is $2,000,000, translating to $328.08 per square foot. This is a rare chance to acquire a piece of Palm Springs architectural history with significant potential for a variety of commercial ventures. The property's prime location in Riverside County adds to its considerable appeal.

Property profile

Verified
Property type Specialty properties
Year built 1956
Total area 6,096 SF
UPID US10-2940334

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church

Location

605 Riverside Dr Palm Springs, CA 92264
Palm Springs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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