664 668 Palm Canyon Drive,Palm Springs, CA 92262
Palm Springs, CA 92262
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. Seller open to an exchange for an out of state Commercial property, Hotel or residential income property. Oregon preferred.
Details
| MLS # | 219142175PS |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 213 |
| Listing Provided By | Realty Trust | Scott Timberlake |
Features
| Car Port | Yes |
|---|---|
| Story(s) | 2 |
| Building(s) | 2 |
| Acreage | 0.40 |
Interior
| Heating | Central, Electric, Forced Air |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition, Flat, Tile |
|---|---|
| Security Features | Carbon Monoxide Detectors, Smoke Detectors, Security Lights |
| Lot Features | Landscaped, Near Public Transit, Street Level |
Utilities
| Utilities | Electricity Connected, Underground Utilities |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Palm Springs |
| Zip Code | 92262 |
| Area | 332 Central Palm Springs |
| Listing VS Median (in 92262) | |
Price: $4,395,000 low | high Med: $1,619,000 On site: 213 low | high Med: 152.5 | |
Market Activity 92262
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Palm Springs |
| Zip Code | 92262 |
| Area | 332 Central Palm Springs |
| Listing VS Median (in 92262) | |
Price: $4,395,000 low | high Med: $1,619,000 On site: 213 low | high Med: 152.5 | |
