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664-668 N Palm Canyon Dr 11,387 SF 94% Leased Office Building Palm Springs, CA 92262 $4,395,000 ($385.97/SF)
Investment Highlights
- Heavy foot traffic
- Street retail and visibility
Executive Summary
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. Seller open to an exchange for an out of state Commercial property, Hotel or residential income property. Oregon preferred.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
11,387 SF
Building Class
B
Year Built
1959
Price
$4,395,000
Price Per SF
$385.97
Percent Leased
94%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,694 SF
Slab To Slab
10’
Building FAR
1.01
Lot Size
0.26 AC
Zoning
C-1
Parking
16 Spaces (1.41 Spaces per 1,000 SF Leased)
Amenities
- Food Service
- Restaurant
- Signage
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Modernist Frame Design
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- Rubine Red Gallery
- Retailer
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$9.99
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- T-squared design
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Modernist Frame Design | - | - | - | Lorem Ipsum | Jan 0000 | |
| Rubine Red Gallery | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| T-squared design | - | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Location, location, location! Office space in the heart of the Palm Springs Uptown District! This building is next door to Jake’s Restaurant, across the street from Trio Restaurant, and walking distance to all of the fantastic retail and art stores that the Uptown District offers. Suite 208 is located on the second floor of the building with stair access only (no elevator). This suite has 3 interior offices and a waiting area with an abundance of natural light. Contact our leasing team for showings 760-327-8000!
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 208 | 695 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 208
| Size |
| 695 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
2nd Fl-Ste 208
| Size | 695 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Location, location, location! Office space in the heart of the Palm Springs Uptown District! This building is next door to Jake’s Restaurant, across the street from Trio Restaurant, and walking distance to all of the fantastic retail and art stores that the Uptown District offers. Suite 208 is located on the second floor of the building with stair access only (no elevator). This suite has 3 interior offices and a waiting area with an abundance of natural light. Contact our leasing team for showings 760-327-8000!
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 505-303-012 | Improvements Assessment | $3,003,865 |
| Land Assessment | $750,966 | Total Assessment | $3,754,831 |
Property Taxes
Parcel Number
505-303-012
Land Assessment
$750,966
Improvements Assessment
$3,003,865
Total Assessment
$3,754,831
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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