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Richard Bernal

rdblistings@gmail.com +1(818) 699-7129

$ 3,250,000

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Active

353 Palm Canyon DR Palm Springs, CA 92262

0.37 Acres Lot

UPDATED:

12/26/2024 08:24 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 219120206PS

HOA Y/N No

Year Built 1992

Lot Size 0.370 Acres

Property 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.

Location

State CA

County Riverside

Area 332 - Central Palm Springs

Interior

Heating Central, Forced Air

Inclusions Retail 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 at the sole responsibility of the qualified Buyer.

Fireplace No

Exterior

Utilities Available Electricity Connected

Roof Type Flat,Tile

Total Parking Spaces 20

Building

Lot Description Sprinklers In Front, Near Public Transit, Sprinklers Timer, Sprinkler System

Story 2

Others

Tax ID 513203017

Security Features Prewired,Fire Sprinkler System

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Scott Timberlake • Realty Trust

Richard Bernal

Agent | License ID: 02090098

+1(818) 699-7129

Richard Bernal

353 Palm Canyon DR Palm Springs, CA 92262

Key Details

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Exterior

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353 Palm Canyon DR