353 Palm Canyon, Palm Springs CA 92262 | $2,950,000
Listing provided courtesy of Scott Timberlake of Luca Realty Trust, Inc.. Last updated 2025-05-08 08:39:13.000000. Listing information © 2024 SANDICOR.
Exceptional property and Downtown Palm Springs location. No land lease, Fee Simple. ownership. Two story structure including a private off street parking lot and elevator. Highly upgraded Dispensary on the main floor and Cannabis Lounge on the second floor. All office / Retail leasing options available. Owner / Tenant will vacate at closing. Cannabis license can be transferred! NO NEW Licenses issued until after 12/31/2027.Commercial Financing options are available but limited for its current use. City planning to restrict / limit Palm Springs licenses in 2028, considering 10 as the limit. Private financing possible with a substantial downpayment in excess of 50%. Highly upgraded with newer mechanical systems, high end interior and exterior improvements, upgrades and finishes. Expansive outdoor space with exceptional mountain and city views. Excellent visibility, ADA compliant. Contact listing agent for Projected income and expense summary. Restricted access must contact listing agent for showing appointments. Please DO NOT disturb tenant.
More Details
2 Stories
Parking Spots: 20.00
Business Type: Retail
Asset Class: Office
Asset Class: Specialty
Asset Class: Retail
Electricity Connected
Security Feature: Fire Sprinkler System
Security Feature: Wired for Alarm System
Roof: Fire Sprinkler System
Roof: Wired for Alarm System
Heating: Central
Heating: Forced Air
