For Sale
$1,975,000

1000 Palm Canyon Dr Palm Springs, CA 92264

8,032 SF, 100% Occupied, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents an 8,032 square foot, multi-tenant commercial building in the vibrant heart of Palm Springs, California. Boasting 100% occupancy with eight tenants, this two-story building offers a strong 2.82% cap rate. Built in 1978, the property sits on a 0.62-acre lot (APN 508-291-034) and is zoned C-1 (Retail Business) / Resort Combining Zone, providing flexibility for future uses. Strategically located on a signalized intersection of a major Palm Springs roadway, it enjoys excellent visibility and proximity to downtown Palm Springs (less than a mile) and Palm Springs International Airport (under three miles). The building's prime location benefits from Palm Springs' thriving tourism, attracting over 14 million visitors annually. This architecturally interesting property presents a compelling investment opportunity with consistent income and significant upside potential. The asking price is $1,975,000. Please note that tenants should not be disturbed.

Highlights

  • 8,032 square foot multi-tenant commercial building in Palm Springs, CA.
  • 100% occupancy with eight tenants and a 2.82% cap rate.
  • Built in 1978 on a 0.62-acre lot (APN 508-291-034), zoned C-1/Resort Combining.
  • Excellent visibility on a signalized intersection, less than a mile from downtown and under three miles from Palm Springs International Airport.
  • Asking price: $1,975,000.

Property Details for 1000 Palm Canyon Dr

Property type
Office properties, Medical offices
Square Feet
8,032 SF
Year Built
1978
Buildings
1
Stories
2
Lot Size (sq. ft)
27,007 SF
Units
8

Location Insight

City
Palm Springs
County
Riverside
State
California
Latitude
33.80844986189
Longitude
-116.54555970413

FAQs

What type of property is this?
Office property - 8,032 SF, 100% Occupied, High Visibility
Where is the office property located?
The property is located at 1000 Palm Canyon Dr Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: 8,032 square foot multi-tenant commercial building in Palm Springs, CA.; 100% occupancy with eight tenants and a 2.82% cap rate.; Built in 1978 on a 0.62-acre lot (APN 508-291-034), zoned C-1/Resort Combining.
How can I contact the broker?
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1000 Palm Canyon Dr
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