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296 S Palm Canyon Dr
Palm Springs, CA 92262

$5,500,000 USD

Storefront Retail Office For Sale • 17,000 SF

Property Details

Property Type Storefront Retail Office
Total Building Size 16,200 SF
Lot Size 0.46 AC
Building Class C
Year Built 1973
Cap Rate 5.45 %
Tenancy Single
Zoning C1

36 Transit Score

86 Walk Score

                
                    Highlights
                
                                 The property can be delivered vacant
                            
                                9.72% pro-forma cap rate
                            
                                Tenancy is currently month to month
                            
                                Attractive Seller financing option of 75% LTV at 5% interest only
                            
                                Attractive cost per square foot
                            
                                $2M + in capital improvements & tasteful renovations

Cap Rate:

5.45 %

Amenities

Banking
Corner Lot
Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
Palm Springs International	10 min	-	5.1 mi

Parking Details

Parking Available:	Yes
Reserved:	Yes
Spaces Provided:	44
Type:	Reserved
Included in Rent:	Yes

Raymond A. Rodriguez IV 866-582-7865 Lucrum Real Estate Group | Equity Union

296 S Palm Canyon Dr Palm Springs, CA 92262