1115 N Palm Canyon Dr, Palm Springs, CA 92262 (MLS# 15844681)

1115 N Palm Canyon Dr, Palm Springs, CA 92262

$1,575,000
Property Type: Commercial Sale Lot Size (sq. ft.): 17,860 Status: Closed
Current Price: $1,575,000 List Date: 2/15/2007 Last Modified: 11/08/2024

Overview

Description

Retail/office building in excellent Uptown location, Palm Canyon Drive frontage, close to Desert Regional Hospital and other office/medical buildings, and within walking distance to downtown Palm Springs. Adjacent to prestigious Las Palmas residential neighborhood, this property features parking in rear of building with convenient access from Palm Canyon Drive, 3 retail spaces on the ground floor and 7 office suites on second level. Surrounding area is undergoing redevelopment with new office, retail, and residential projects. Great income property with upside potential.

Listing Details MLS# 15844681

General Property Information

Lot Acres
0.41
Office SqFt
2360
Year Built
1960
Cross Streets
Tahchevah

Property Features

Listing Terms: Cash; Owner May Carry

Listing Location and Property Info

APN
505242004
Original List Price
1575000
Street #
1115
Street Direction
N
Street Name
Palm Canyon Dr
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central

Property Info

# Units
10

Status Change Info

Status Change Date
2007-07-24
Pending Date
2007-06-28
Closed Date
2007-07-24
Closed Price
1575000

Expenses

Annual Operating Expense
23

More Information

Income

Gross Operating
138681

Business Info

Cap Rate
6.65
Cooling
Yes
Laundry Equipment
No
Year Established
1960
Phase
No
Voltage
No

Listing, Location and Property Info

Entry Date
2007-02-15

Listing Terms

Cash
Yes
Owner May Carry
Yes

Parking Spaces/Information

Clearance Height Minimum
0.00
Parking Ratio
0
Listing Office: Ferdinand C Rose
Listing Agent: Ferdinand Rose
Last Updated: November - 08 - 2024
Information deemed reliable but not guaranteed.

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