310 Palm Canyon DrPalm Springs, CA 92262

Property Details for 310 Palm Canyon Dr

Year built

1955

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

3,190 SF

Zone code

R3

Property type

Hospitality properties

Property subtype

Hotels

APN

508-343-006

APU

508343006

Description

This exceptional Class A commercial property, located at 310-320 N Palm Canyon Dr in the heart of Downtown Palm Springs' Central Business District, offers two available office suites totaling approximately 1,984 to 2,024 square feet each. The building boasts a total of 10,159 square feet and six suites in total, providing a vibrant and thriving business environment. Each suite benefits from prominent frontage, access, and signage rights directly on Palm Canyon Drive, a highly visible and desirable location in the Coachella Valley. The property also features a private rear parking lot with 21 spaces, providing ample parking for tenants and their clients. Building amenities include private entrances, restrooms, and HVAC systems for each suite, ensuring comfort and convenience. Enhanced security measures are in place, including 24-hour access, security cameras, and overnight security patrols. Tenant improvement allowances are available, making this an attractive opportunity for businesses seeking a move-in ready space. The property is zoned for Central Business District use and is suitable for office, medical, and/or retail tenants. NNN expenses are estimated at $0.75 per square foot per month. This is a truly unique opportunity to establish a presence in one of the most sought-after locations in the Coachella Valley. Don't miss this chance to secure your space in this thriving downtown Palm Springs location.

• CAP approach

  CAP return

  Valuation

  6%

  $995,832

  6.5%

  $919,229

  7%

  $853,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,315,055

  Geo Method

  $2,638,543

• Alternative Use

  Use

  Valuation

  Residential

  $1,003,531

  Hospitality

  $919,229

  Educational

  $764,788

  Medical

  $791,090

  Retail

  $1,189,670

Location Insight

City

Palm Springs

County

Riverside

State

California

Latitude

33.8018

Longitude

-116.544

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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