471 S Indian Canyon Dr - Restaurant FOR SALE


Palm Springs, CA 92262- Downtown Palm Springs
$2,450,000 USD
323-515-8302
471 S Indian Canyon Dr, Palm Springs, CA for Sale
$2,450,000 USD
Restaurant - FOR SALE
1/14
null | 10.04% Cap Rate

471 S Indian Canyon Dr
Palm Springs, CA 92262
Downtown Palm Springs


HIGHLIGHTS

  • IHOP with Short Term Lease - Tenant has indicated there may be potential for an early lease termination. Ask Broker for details.
  • Premier Downtown Palm Springs Location – Situated along South Indian Canyon Drive, one of Palm Springs’ main commercial arteries.
  • Currently an IHOP Restaurant with short term lease – Freestanding 4,503 SF building with prominent signage and ample on-site parking.
  • High-Traffic Corridor – Strong daily traffic counts exceeding 32,000 vehicles per day.
  • Tourism-Driven Market – Palm Springs welcomes millions of visitors annually, supporting consistent retail and restaurant demand.
  • Exceptional Reuse Opportunity – Ideal for restaurant, retail, or service use in one of Southern California’s most desirable resort destinations.

OVERVIEW

IHOP with Short Term Lease - Tenant has indicated there may be potential for an early lease termination. Ask Broker for details. Premier Downtown Palm Springs Location – Situated along South Indian Canyon Drive, one of Palm Springs’ main commercial arteries offering excellent visibility and accessibility. Currently an IHOP Restaurant with short term lease – Freestanding 4,503 SF building with prominent signage and ample on-site parking. High-Traffic Corridor – Strong daily traffic counts exceeding 32,000 vehicles per day. Affluent Trade Area – Average household income within 3 miles exceeds $100,000. Tourism-Driven Market – Palm Springs welcomes millions of visitors annually, supporting consistent retail and restaurant demand. Exceptional Reuse Opportunity – Ideal for restaurant, retail, or service use in one of Southern California’s most desirable resort destinations.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$544 USD /SF

CAP RATE

10.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

IHOP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

CBD

APN/PARCEL ID

513-214-011,513-214-016

ASK ABOUT THIS PROPERTY

Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

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Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.