353 Palm Canyon Drive

Palm Springs, CA 92262

$3,250,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1992

calendar_month Built

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.

Listing Information

List Price $3,250,000
Status Active
MLS 219120206PS
HOA $0
Type Commercial
Year Built 1992
Lot Size 16,117
Structure Size N/A
DOM 44
Courtesy Of Luca Realty Trust, Inc.
Listing Agent Scott Timberlake DRE#01257645
Co-Listing Agent Mike Kassinger DRE#01213797

Interior Features

Total Bedroom
Bedrooms N/A

Exterior Information

Maps

Listing information courtesy of: Scott Timberlake, Mike Kassinger, Luca Realty Trust, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 3rd, 2025 at 12:34 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.