69
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$3,250,000
Est. payment /mo
6,561 SqFt
Active
353 S Palm Canyon DR Palm Springs, CA 92262
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UPDATED:
12/06/2024 07:08 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,561 sqft
Price per Sqft $495
MLS Listing ID 219120206
HOA Y/N No
Year Built 1992
Lot Size 0.370 Acres
Property Description
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.
Location
State CA
County Riverside
Area 332 - Palm Springs Central
Interior
Heating Central, Forced Air
Building
Story 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Realty Trust
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