92
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$5,500,000
Est. payment /mo
0.4 Acres Lot
New
664 668 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 219130126PS
HOA Y/N No
Year Built 1960
Lot Size 0.400 Acres
Property Description
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.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Interior
Heating Central, Electric, Forced Air
Inclusions Solar system owned.
Fireplace No
Laundry None
Exterior
Carport Spaces 6
Utilities Available Electricity Connected, Underground Utilities
Roof Type Composition,Flat,Tile
Total Parking Spaces 17
Building
Lot Description Landscaped, Near Public Transit, Street Level
Story 2
Others
Tax ID 505303012
Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Scott Timberlake • Luca Realty Trust, Inc.