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Detail

Updated on January 22, 2019 at 9:21 pm

  • Property ID: RF-4312
  • Price: $800,000.00
  • Property Size: 0.38 Acres/Sq.Ft.
  • Property Type: Commercial, Office, Retail, Vacant Land
  • Property Status: For Sale
  • Current Use:: Vacant
  • Zoning:: Commercial
  • Square Feet:: 16,740

Description

This 16,740 s/f parcel fronts world famous Palm Canyon Drive the main street entry into Palm Springs. North Palm Canyon Drive is an exciting mix of retail, office and restaurants creating a highly eclectic atmosphere.

This prime property offers a developer/owner the opportunity to take advantage of the strong commercial growth in the immediate area with an office or retail building. The site is withing walking distance of Desert Regional Medical Center a growing medical destination that creates demand for office space. Retail use is strong as evidenced by the growth of the retail sector on North Palm Canyon Drive. In addition, s similar sized lot joins this property on the east property line and fronts on N. Indian Canyon Drive. Combining the two lots offers additional opportunities.

Current sales comparables are limited. The best comp is the sale 351 N. Palm Canyon Drive which occurred in 2015, but due to better location generated a higher sales price. The adjacent comp on Indian Canyon Way is less desirable due to the “P” zone and lesser development on the street. While the zone may be changed the area will be slow to change as compared to Palm Canyon Drive.

  • Address: 1270 N. Palm Canyon Drive, Palm Springs, CA
  • City: Palm Springs
  • State/county: California
  • Zip/Postal Code: 92262
  • Country: United States

WalkScore

walkscore55 / Somewhat Walkable more details here

Page Views

Contact info

John Stiles
John Stiles
(760) 327-6644(760) 327-6644

Enquire about this property

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