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664-668 N Palm Canyon Dr 11,387 SF 100% Leased Office Building Palm Springs, CA 92262 $6,702,349 CAD ($588.60 CAD/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
$6,702,349 CAD
Price Per SF
$588.60 CAD
Percent Leased
100%
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 |
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Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 505-303-012 | Improvements Assessment | $3,987,513 CAD |
| Land Assessment | $996,879 CAD | Total Assessment | $4,984,392 CAD |
Property Taxes
Parcel Number
505-303-012
Land Assessment
$996,879 CAD
Improvements Assessment
$3,987,513 CAD
Total Assessment
$4,984,392 CAD
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664-668 N Palm Canyon Dr
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