CA > Palm Springs
Palm Springs, CA 92262,353 S Palm Canyon DR
Palm Springs, CA 92262,353 S Palm Canyon DR
Palm Springs, CA 92262,353 S Palm Canyon DR
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$2,950,000
Est. payment /mo
6,561 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 6,561 sqft

Price per Sqft $449

MLS Listing ID 219127527

HOA Y/N No

Year Built 1992

Lot Size 0.370 Acres

Property Sub-Type Retail

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 - Palm Springs Central

Interior

Heating Central, Forced Air

Building

Story 2

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Luca Realty Trust, Inc.
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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