Palm Springs, CA 92262 353 Palm Canyon Drive
$2,950,000
63 more
Presented By: Scott Timberlake with Luca Realty Trust, Inc.;
- MLS# 219127527PS
- 03/31/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Home Details
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.
Presented By: Scott Timberlake with Luca Realty Trust, Inc.;
Interior Features for 353 Palm Canyon Drive
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 353 Palm Canyon Drive
Additional Parcels Y/NNo
Attached Garage No
Building FeaturesElevators
Business TypeRetail
Carport Y/NNo
CityPalm Springs
CountyRiverside
DirectionsFrom Downtown Palm Springs, continue S on S Palm Canyon Drive. Property will be on the west side of the street, after W Baristo Road.
Electric On Property Y/NNo
ExclusionsRetail and office leasing options possible. Tenant will vacate at closing. Sale includes Cannabis License at no additional cost due to the Seller. Any other costs associated with license transfer are
Garage Y/NNo
HOANo
HOA Fee$0.0
HeatingCentral, ForcedAir
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional
Lot Size Square Feet16117.0
Lot Size UnitsSquareFeet
MLS Area332 - Central Palm Springs
MobileHomeRemainsYNNo
New ConstructionNo
Open Parking Spaces20.0
Property Attached Y/NNo
Property TypeCommercialSale
Rent Control Y/NNo
RoofFlat, Tile
Security FeaturesPrewired, FireSprinklerSystem
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
UtilitiesElectricityConnected
Waterfront Y/NNo
Year Built1992
Exterior for 353 Palm Canyon Drive
Crops Included Y/NNo
Horse Y/NNo
InclusionsRetail and office leasing options possible. Tenant will vacate at closing. Sale includes Cannabis License at no additional cost due to the Seller. Any other costs associated with license transfer are
Irrigation Water Rights Y/NNo
Lot FeaturesSprinklersInFront, NearPublicTransit, SprinklersTimer, SprinklerSystem
Lot Size Acres0.37
Lot Size Area16117.0
Lot Size SourceAssessor
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking20.0
Additional Details
Price History
Hal Schlegel
Broker Associate