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Investment Highlights

  • Irreplaceable large-format commercial asset in the Downtown Palm Springs core
  • Flexible layout configured as ±7,500 SF and ±1,800 SF suites for single or multi-tenant use
  • Architecturally distinctive building with exposed wood trusses, open-span interiors, and exceptional ceiling height
  • ±9,300 SF large-format commercial building on a 0.43 acre parcel
  • Rare on-site parking with approximately 28 spaces including covered and ADA
  • High-visibility frontage along Indian Canyon Drive within the most active retail and hospitality corridor

Executive Summary

383 N Indian Canyon Drive presents a rare opportunity to acquire one of Downtown Palm Springs’ most distinctive commercial properties. Ideally positioned within the highly sought-after Uptown and Downtown retail corridor, the property offers a compelling blend of architectural character, scale, natural light, and operational functionality in one of Southern California’s most design-forward destination markets.
Situated on approximately 0.43 acres, the property includes approximately 9,300 square feet configured as two distinct yet seamlessly connectable spaces: one of approximately 7,500 square feet and another of approximately 1,800 square feet, all within the heart of the Uptown and Downtown retail corridor. This flexible layout allows for either a single flagship user or a multi-tenant configuration, supporting a wide range of retail, gallery, showroom, or experiential concepts.
A rare and highly valuable feature within the downtown core, the property benefits from a substantial on-site parking lot, including covered and illuminated spaces, in addition to readily available street parking along Indian Canyon Drive. The parking area is gated, professionally landscaped, and enhanced with exterior lighting, providing both functionality and a strong arrival experience.
The building’s architectural identity is defined by dramatic exposed wood trusses, expansive open-span interiors, and exceptional ceiling heights. Skylights and thoughtfully placed openings allow natural light to move throughout the space, creating a bright, airy environment with a scale that is increasingly difficult to replicate in the Palm Springs market.
The property is well maintained and professionally managed, with significant recent capital improvements including a brand new roof with warranty and new HVAC systems, also under warranty. The building is fully ADA accessible and includes three restrooms, supporting a wide range of commercial uses and tenant configurations.
Positioned along one of Palm Springs’ most visible and active corridors, the property benefits from strong frontage and consistent traffic, while being moments from major recent developments including the Thompson Palm Springs Hotel and Residences, as well as a growing ecosystem of boutique hotels, restaurants, and design-driven retail.
Palm Springs continues to attract a new generation of hospitality, retail, and lifestyle brands, and opportunities to acquire properties of this scale, character, and infrastructure within the downtown core remain extremely limited.
With its distinctive architecture, flexible layout, meaningful recent upgrades, rare parking, and irreplaceable location, 383 N Indian Canyon Drive represents a high-quality commercial asset suited for both owner-users and investors seeking long-term positioning in one of Southern California’s most desirable markets.

Prime Uptown and Downtown Palm Springs location
Approximately 9,200 square foot building
Configured as ±7,500 SF and ±1,800 SF suites
0.43 acre parcel
Rare on-site parking with covered and illuminated spaces
Gated parking lot
Additional street parking along Indian Canyon Drive
Dramatic exposed wood truss architecture
Expansive open-span interiors
Exceptional interior volume and ceiling height
Skylights and abundant natural light
Flexible for single or multi-tenant use
Three restrooms
ADA accessible with ADA-compliant restrooms
Brand new roof with warranty
New HVAC systems with warranty
Professionally managed and maintained
Professionally landscaped with exterior lighting
Security system in place
Strong visibility and frontage along Indian Canyon Drive
Proximity to Thompson Palm Springs and surrounding retail/hospitality
28 total parking spots on property + additional designated street parking. 1 ADA parking spot, 7 covered parking spots.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,300 SF
Building Class
B
Year Built
1964
Price
$6,075,428 CAD
Price Per SF
$653.27 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.51
Lot Size
0.42 AC
Zoning
C2 - Buyer to verify all zoning, use, and development potential with the City. Seller and Broker make no representations or warranties.
Parking
28 Spaces (3.01 Spaces per 1,000 SF Leased)
Frontage
125’ on N. Indian Canyon Drive
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Orangetheory Fitness
Cross Fit Palm Springs
Starbucks
Banc of California
IHOP
Denny's
Grocery Outlet
Bank of America
Wells Fargo Bank
U.S. Bank

Property Taxes

Property Taxes

Parcel Number
513-081-008
Land Assessment
$898,091 CAD
Improvements Assessment
$2,534,731 CAD
Total Assessment
$3,432,822 CAD
  • Listing ID: 40090414

  • Date on Market: 2026-04-09

  • Last Updated:

  • Address: 383 N Indian Canyon Dr, Palm Springs, CA 92262

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