560 Indian Canyon DrPalm Springs, CA 92264

Property Details for 560 Indian Canyon Dr

Year built

1958

Construction

TILT-UP CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

2,880 SF

Zone code

C1

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

508-121-004

APU

508121004

Description

This exceptional two-story, 2,880 square foot mixed-use building is located at 560 S Indian Canyon Dr, Palm Springs, CA 92264. The property features three tenants in a 100% occupied multi-tenant configuration, generating a strong net operating income (NOI) of $78,940 and a 5.35% cap rate. The asking price is $1,475,000, translating to $512.15 per square foot. Built in 1958, this Class C building sits on a 6,100 square foot lot and is zoned C1. The property offers a turnkey investment opportunity with a private gated parking lot. Its prime location in the heart of downtown Palm Springs ensures high visibility and significant foot traffic, surrounded by thriving businesses. This fee-simple ownership presents a rare opportunity to acquire a well-performing mixed-use storefront in a desirable location with strong potential for future growth. The property's APN is 508-121-004.

Location Insight

City

Palm Springs

County

Riverside

State

California

Latitude

33.8148

Longitude

-116.545

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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