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 6, 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
17
Garage
No
Parking Total
20
View
No
County
Riverside
Pool
No
Listing Contact: (760) 327-8000
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Data last updated on 12/6/2024 at 7:49 PM UTC