- $3M Price
- .37 Acres
- 127 DOM
353 Palm Canyon Drive
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.
Essential Information
- MLS® #219127527PS
- Price$2,950,000
- Bathrooms0.00
- Acres0.37
- Year Built1992
- TypeCommercial Sale
- StatusActive
Community Information
- Address353 Palm Canyon Drive
- Area332 - Central Palm Springs
- CityPalm Springs
- CountyRiverside
- Zip Code92262
Amenities
- UtilitiesElectricity Connected
- Parking Spaces20
Interior
- HeatingCentral, Forced Air
- # of Stories2
Exterior
- RoofFlat, Tile
Lot Description
Sprinklers In Front, Near Public Transit, Sprinklers Timer, Sprinkler System
Additional Information
- Days on Market127
Listing Details
- AgentScott Timberlake
- OfficeLuca Realty Trust, Inc.
Scott Timberlake, Luca Realty Trust, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of August 5th, 2025 at 1:15pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.