458-464 S Palm Canyon Dr | Palm Springs, CA 92262
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458-464 S Palm Canyon Dr
Palm Springs, CA 92262
Palm Canyon Shops | 100% Leased · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% leased shopping center ideally located in downtown Palm Springs
- Strong scheduled rental increases - All of the tenants feature scheduled annual rental increases of 3%
- The property is located outside the Historic Tennis Club, home values from $1.5M - $3.5M+ and very close to Old Las Palmas, home values from $2M-$12M+
- Excellent street frontage and visibility, along the main thoroughfare (Highway 111 / S Palm Canyon Drive) in downtown Palm Springs
- This downtown area of Palm Springs draws in millions of visitors and tourists annually, creating strong cross over shopping and tenant synergy
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,600 SF
Building Class
C
Year Built
1960
Percent Leased
53%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.87 AC
Zoning
C1 - Retail Trade
Parking
48 Spaces (26.67 Spaces per 1,000 SF Leased)
Frontage
48’ on S Palm Canyon
AMENITIES
- 24 Hour Access
- Mezzanine
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 513-214-014 | Improvements Assessment | $3,017,160 |
| Land Assessment | $1,248,480 | Total Assessment | $4,265,640 |
PROPERTY TAXES
Parcel Number
513-214-014
Land Assessment
$1,248,480
Improvements Assessment
$3,017,160
Total Assessment
$4,265,640
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