353 Palm Canyon Drive
Palm Springs, CA 92262
Active for $3,250,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 16,117 sqft
| MLS | 219120206PS |
| Year Built | 1992 |
| Property Type | |
| County | Riverside |
| Status | Active |
| Active | $3,250,000 |
| Structure Size | N/A sqft |
| Lot Size | 16,117 sqft |
| Beds | N/A |
| Baths |
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.
Listing information courtesy of: Scott Timberlake, Realty Trust (760) 333-7578. *Based on information from the Association of REALTORS/Multiple Listing as of 12/26/2024 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.
Location
Contact a Local Realtor®
Curtis Case
REALTOR®
Direct: 484.469.1494
Email: Email Me
DRE: 02206359
DRE #01873088
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