353 Palm Canyon Drive, Palm Springs CA, 92262

Active

353 Palm Canyon Drive

Palm Springs CA, 92262

$3,250,000

Active

Commercial

Built in 1992

Listed by Scott Timberlake with Realty Trust (760) 333-7578

Exceptional property and Downtown Palm Springs location. No land lease, Fee Simple. ownership. Two story structure including a private off street parking lot and elevator. Highly upgraded Dispensary on the main floor and Cannabis Lounge on the second floor. All office / Retail leasing options available. Owner / Tenant will vacate at closing. Cannabis license can be transferred! NO NEW Licenses issued until after 12/31/2027.Commercial Financing options are available but limited for its current use. City planning to restrict / limit Palm Springs licenses in 2028, considering 10 as the limit. Private financing possible with a substantial downpayment in excess of 50%. Highly upgraded with newer mechanical systems, high end interior and exterior improvements, upgrades and finishes. Expansive outdoor space with exceptional mountain and city views. Excellent visibility, ADA compliant. Contact listing agent for Projected income and expense summary. Restricted access must contact listing agent for showing appointments. Please DO NOT disturb tenant.

219120206PS

MLSⓇ ID

November 19, 2024

Listed

December 26, 2024

Updated

Map

353 Palm Canyon Drive
Palm Springs CA, 92262

Interior Features

Total Stories: 2
Fireplace: No
Cooling: Yes
Heating: Yes
Heating Description: Central, Forced Air

Exterior/Building Features

Lot Size: 0.37 Acres
Lot Features: Sprinklers In Front, Near Public Transit, Sprinklers Timer, Sprinkler System
Roof: Flat, Tile

Other Property Details

Area Name: 332 - Central Palm Springs
Days on Market: 37
Garage: No
Parking Total: 20
View: No
County: Riverside
Pool: No

Listing Contact: (760) 327-8000

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/26/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/26/2024 at 8:49 PM UTC