664-668 N Palm Canyon Dr - Office FOR SALE


Palm Springs, CA 92262- Uptown Palm Springs
$5,500,000 USD
760-333-7578
664-668 N Palm Canyon Dr, Palm Springs, CA for Sale
$5,500,000 USD
Office - FOR SALE
1/87
null | 4.7% Cap Rate

664-668 N Palm Canyon Dr
Palm Springs, CA 92262
Uptown Palm Springs


HIGHLIGHTS

  • Anchor Tenant
  • Historic Property
  • High Visibility and Foot Traffic

OVERVIEW

Prime 100% Leased Investment Opportunity in the Heart of Palm Springs' Historic Uptown District. Located in one of Palm Springs' most desirable corridors, this impeccably maintained property offers exceptional visibility and charm. Dual Architecture, Mid Century Modern and Spanish, situated on a single tax lot with two distinct addresses. The offering includes: 668 Building - A striking Mid-Century Modern commercial space ideal for retail, office, or mixed use. 664 Building - A beautifully preserved Spanish-style property, home to the renowned and successful Jake's Restaurant boasting high foot traffic and excellent street frontage. In 2024 Jakes expanded its operation and a new fully renovated lobby, additional indoor seating, kitchen and restrooms. Off-street parking exclusively for tenants. This property is both functional and aesthetically unique. The 668 building features two common area restrooms on the second floor, while the ground-floor retail units each have private restrooms. Additional highlights include a fully paid solar system on the 668 building—enhancing sustainability and reducing operational costs. Currently under application for the Mills Act for a potentially significant property tax reduction. Fully occupied, please do not disturb tenants.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$483 USD /SF

CAP RATE

4.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

C-1

APN/PARCEL ID

505-303-012

ASK ABOUT THIS PROPERTY

Scott TimberlakeRealty TrustMore Info
760-333-7578

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

Scott TimberlakeRealty TrustMore Info
760-333-7578

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