Homes for sale - 664 668 Palm Canyon DR, Palm Springs, CA 92262

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Robert Mitchell

robert@robertmitchellgroup.com +1(559) 250-3442

$ 5,500,000

Est. payment | -/mo

0.4 Acres Lot

Save

$ 5,500,000

Est. payment | -/mo

Save

0.4 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 219130126PS

HOA Y/N No

Year Built 1960

Lot Size 0.400 Acres

Property 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.

Location

State CA

County Riverside

Area 332 - Central Palm Springs

Interior

Heating Central, Electric, Forced Air

Inclusions Solar system owned.

Fireplace No

Laundry None

Exterior

Carport Spaces 6

Utilities Available Electricity Connected, Underground Utilities

Roof Type Composition,Flat,Tile

Total Parking Spaces 17

Building

Lot Description Landscaped, Near Public Transit, Street Level

Story 2

Others

Tax ID 505303012

Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Scott Timberlake • Luca Realty Trust, Inc.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 250-3442

robert@robertmitchellgroup.com

664 668 Palm Canyon DR Palm Springs, CA 92262