Iconic Former Saks Fifth Avenue Building - Core Downtown Palm Springs Outstanding Corner Location at Major Signalized Intersection Exceptional Visibility & Signage Exposure to Constant Downtown Traffic One of the Last Large, Freestanding Buildings Available in Downtown Palm Springs Flexible Zoning - Ideal for Redevelopment or Creative Reuse Priced Far Below Market and Replacement - Only $175/SF Ideal for Owner-User or Value-Add Investor In the Heart of Palm Springs' Mid-Century Modern Legacy Surrounded by High-Profile Redevelopment Boutique Hotels & Landmark Architecture Rare Downtown Opportunity – Big Space, Big Presence, Big Potential PROPERTY HIGHLIGHTS Originally built for Saks Fifth Avenue – a Palm Springs architectural statement. Prominent corner visibility where cross-traffic consistently stops, maximizing exposure. Large, open floor plan ideal for creative adaptive reuse. Expansive signage potential – unmatched branding opportunity in the downtown core. Unique mid-century pedigree – across from the historic Chase Bank by architect E. Stewart Williams. POTENTIAL USES High-end showroom - perfect for modern furnishings, design studios, or art galleries. Boutique nightclub or entertainment venue - leverage strong evening pedestrian flow. Medical or wellness use - outstanding visibility and access for destination-based care. Co-working or creative office - capitalize on downtown energy and tourism driven demand. Destination retail - ideal for a single upscale user or curated retail concept. INVESTMENT OPPORTUNITY Rare combination of size, zoning, and location - nearly impossible to replicate in today's market. Strong potential for repositioning or adaptive reuse. Below-market pricing offers built-in upside for developers and investors. City of Palm Springs supportive of creative redevelopment - open to incentive discussions. Vacancy presents clean slate for design, reconfiguration, and modernization. Irreplaceable downtown real estate with intrinsic long-term value. LOCATION & SURROUNDINGS Prime downtown intersection – visible from multiple approaches including Palm Canyon and Ramon Road. Across from architectural icons – the Chase Bank building and “500 Building.” Adjacent to future redevelopment – proposed hotel project across the intersection. Within Palm Springs’ only upzoned district allowing height and density up to 4 stories. Walkable to downtown hotels, restaurants, and entertainment corridors.