353 S Palm Canyon Dr, Palm Springs, CA 92262

Choose nearby businesses to show on the map:

Building Details:

• Year Built: 2000

The subject property is an attractive alternative for an investor looking for a
solid long term commercial real estate investment. 353 S. Palm Canyon Drive
is a stylish, well maintained 100% leased building with established retail/
service tenants in nicely improved spaces. The property stands out as being
a cut above in the Palm Springs commercial real estate market.
2015 NOI was $77,718.00, a 4.3% ROI. However, this property has a good
upside potential based on current market conditions and trends. The building
interiors are very nicely improved, and a new roof and decks were installed
in 2016.
353 S. Palm Canyon Drive is located in an emerging area of Downtown Palm
Springs, across from the new Architecture and Design Museum. The property
is adjacent to the iconic mid century modern designed former J.W.
Robinson's Department Store which is undergoing a sensitive restoration,
and new national tenants. Other recent activity in the immediate area
includes new offices for Eisenhower Medical Center, adaptive reuse of a
former mid century modern bank building into an event venue, historic
preservation of La Serena Villas, and approved development of the Orchid
Tree Inn/ Community Church as a four star boutique hotel