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664-668 N Palm Canyon Dr 11,387 SF 94% Leased Office Building Palm Springs, CA 92262 $5,968,410 CAD ($524.14 CAD/SF)

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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

Office

Building Size

11,387 SF

Building Class

Year Built

1959

Price

$5,968,410 CAD

Price Per SF

$524.14 CAD

Percent Leased

94%

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)

Food Service
Restaurant

Signage

Air Conditioning

Smoke Detector

Modernist Frame Design
-
-
-
Lorem Ipsum
Jan 0000

Rubine Red Gallery
Retailer
-
$9.99
Lorem Ipsum
Jan 0000

T-squared design
-
-
-
Lorem Ipsum
Jan 0000

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

Space Availability

Space
Size
Space Use
Build-Out
Available

2nd Fl-Ste 208
695 SF
Office
-
Now

664-668 N Palm Canyon Dr, Palm Springs, CA for sale Building Photo- Image 1 of 5 — Building Photo

664-668 N Palm Canyon Dr, Palm Springs, CA for sale Interior Photo- Image 2 of 5 — Interior Photo

664-668 N Palm Canyon Dr, Palm Springs, CA for sale Interior Photo- Image 3 of 5 — Interior Photo

664-668 N Palm Canyon Dr, Palm Springs, CA for sale Interior Photo- Image 4 of 5 — Interior Photo

664-668 N Palm Canyon Dr, Palm Springs, CA for sale Interior Photo- Image 5 of 5 — Interior Photo

Location, location, location! Office space in the heart of the Palm Springs Uptown District! This building is next door to Jake’s Restaurant, across the street from Trio Restaurant, and walking distance to all of the fantastic retail and art stores that the Uptown District offers. Suite 208 is located on the second floor of the building with stair access only (no elevator). This suite has 3 interior offices and a waiting area with an abundance of natural light. Rent including Wi-Fi and electricity is $1,450.00 per month. Contact our leasing team for showings 760-327-8000!