Active

296 S Palm Canyon Drive

Palm Springs CA, 92262

$5,500,000


$339.51 per sqft

Active

16,200 sqft

Commercial

Built in 1973

Listed by Raymond Rodriguez with Equity Union 866-582-7865

We are proud to present The Bank, located at 296 S. Palm Canyon Drive and encompassing 16,200A+- square feet of beautifully appointed single-tenant retail in a 2-story building and currently 100% occupied by Four Twenty The Bank. Attractive Seller financing offered of 75% LTV & 5.0% interest only. The property is situated on 20,038A+- square feet of land in the city of Palm Springs, California, and was originally constructed in 1973 and recently extensively rehabbed with over $2 Million in capital improvements invested in property upgrades. These updates include replacement of all major systems, installation of fire protection system and both interior and exterior sprinklers just to name a few, and 100% interior remodel just to name a few. 296 Palm Canyon Drive is currently leased to Four Twenty The Bank one of the largest cannabis dispensaries in all of California. When entering the space, you first are greeted by an informal lobby that welcomes you into the impressive open floor plan. Immediately upon entering the space, you canaEUR(tm)t help but notice the cathedral ceilings, exposing the architecturally designed rafters which are highlighted by the natural light of the skylights above, truly a site to see. In addition to the common area, the space offers 2 executive offices, and res

CRSR24146341

MLS ID

July 24, 2024

Listed

November 21, 2024

Updated

Map

296 S Palm Canyon Drive
Palm Springs CA, 92262

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.46 Acres

Other Property Details

Area Name

Palm Springs


Garage

No


View

No


County

Riverside


Pool

No

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/21/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 11/21/2024 at 10:19 PM UTC

 

Powered byLuxury Presence