353 Palm Canyon Drive, Palm Springs, CA 92262
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Listed Price :
$3,250,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1992
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
353 Palm Canyon Drive |
| City |
Palm Springs |
| State |
CA |
| Zip |
92262 |
| County |
Riverside |
| Listing Agent |
Scott Timberlake DRE #01257645 |
| Co-Listing Agent |
Mike Kassinger DRE #01213797 |
| Courtesy Of |
Luca Realty Trust, Inc. |
| List Price |
$3,250,000 |
| Status |
Active |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
16,117 |
| Year Built |
1992 |
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.
