Listing banner image
  • Cap Rate
    5.75%Cap Rate
  • Asking Price
    $3,963,000Asking Price
  • Gross Leasable Area
    74,756 SFGross Leasable Area
  • NOI
    $227,885NOI
  • Property Type
    RetailProperty Type
  • Zip Code
    92264Zip Code

Description

Positioned at one of Palm Springs’ most prominent intersections, the property also includes two (2) ±6,098 SF residential parcels zoned R2 (totaling ±12,196 SF), offering a rare infill development opportunity in a high-demand market. These parcels are ideally suited for duplex construction or short-term rental units, capitalizing on the city’s booming tourism and seasonal population surges. Located just steps from downtown and surrounded by upscale condos, boutique hotels, and retail, the parcels benefit from exceptional walkability and visibility. Investors can unlock additional value...

Documents

Offering Summary

  • Asking Price
    $3,963,000

Sale Details

  • Cap Rate
    5.75%
  • NOI
    $227,885

Documents

Property Address

500 S. Indian Canyon Drive
Palm Springs, CA 92264

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    74,756 SF

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    74,756 SF

Deal Team

Ivan Sapsai profile image
Ivan Sapsai
Test Test

Description

Positioned at one of Palm Springs’ most prominent intersections, the property also includes two (2) ±6,098 SF residential parcels zoned R2 (totaling ±12,196 SF), offering a rare infill development opportunity in a high-demand market. These parcels are ideally suited for duplex construction or short-term rental units, capitalizing on the city’s booming tourism and seasonal population surges. Located just steps from downtown and surrounded by upscale condos, boutique hotels, and retail, the parcels benefit from exceptional walkability and visibility. Investors can unlock additional value...

Documents

Offering Summary

  • Asking Price
    $3,963,000

Sale Details

  • Cap Rate
    5.75%
  • NOI
    $227,885

Documents

Property Address

500 S. Indian Canyon Drive
Palm Springs, CA 92264

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    74,756 SF

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    74,756 SF

Deal Team

Ivan Sapsai profile image
Ivan Sapsai
Test Test
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