32
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$4,600,000
Est. payment /mo
0.72 Acres Lot
New
707 745 Palm Canyon DR Palm Springs, CA 92262
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 219129826PS
HOA Y/N No
Year Built 1962
Lot Size 0.720 Acres
Property Description
Step into a rare opportunity to own a truly iconic piece of Palm Springs' architectural and cultural history. Located in the bustling Uptown Design District, this +/-8,830SF retail/restaurant building with large privateparking lot (Lot size: 0.72AC) is a masterwork of Mid-Century Modern architecture. Originally designed in 1962 by the legendary John Porter Clark and Albert Frey. Known locally as the iconic Turonnet Building, thisarchitecturally significant property features original travertine walls and preserved interior elements that pay homage to its origins as a bank and art gallery. Anchored by two of Palm Springs' most celebrated tenants--the nationally acclaimed TRIO Restaurant and the popular The SHAG store art gallery--this asset offers not only irreplaceable architectural value but also rock-solid investment fundamentals. TRIO, occupying three suites (707, 715 & 725 subleased to Time+Space Limited), has been a staple in the community for years and continues to thrive in one of the city's mosttrafficked corridors. Their tenancy offers a combination of stability and upside.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Interior
Heating Central, Forced Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Available, Underground Utilities
Roof Type Flat
Total Parking Spaces 38
Building
Lot Description Corner Lot
Others
Tax ID 505283007
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Luca Volpe • Luca Realty Trust, Inc.