191 S Palm Canyon Dr, Palm Springs, CA 92262 (MLS# 15848513)

191 S Palm Canyon Dr, Palm Springs, CA 92262

$1,900,000
Property Type: Commercial Sale Lot Size (sq. ft.): 6,098 Status: Closed
Current Price: $1,900,000 List Date: 7/22/2013 Last Modified: 1/02/2025

Overview

Description

William Cody was the Architect of this Mid Century Modern Building with an amazing Downtown Palm Springs Location on the NW Corner of S. Palm Canyon and Arenas. Also known as 193 S. Palm Canyon. Completely renovated inside and out in 2012, this fully leased retail / office center provides an excellent investment opportunity and growth potentail. One owner / tenant will vacate or stay depending on buyers preference. This location is a 10+, across from Lulu`s Restaurant. Good upside on all leases at the end of their terms. Do not disturb occupants, appointment only. Square footage is "Leasable" area and does NOT include the basement. 2 ADA Restrooms on the 1st floor and 5 restrooms on the second floor. Two (2) private office suites with private restrooms. A solid 6.5% Cap rate...

Listing Details MLS# 15848513

General Property Information

Lot Acres
0.14
Office SqFt Max
7687
Year Built
1950
Cross Streets
Arenas Rd.

Property Features

Sale Type: Standard Listing Terms: Cash Search Tags: Multi-Tenant

Listing Location and Property Info

APN
513143006
Original List Price
1995000
Street #
191
Street Direction
S
Street Name
Palm Canyon Dr
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central

Status Change Info

Status Change Date
2013-10-30
Pending Date
2013-08-14
Closed Date
2013-10-30
Closed Price
1900000

Income

Gross Monthly
139345

Business Info

Cap Rate
6.5
Financing Available
No
Laundry Equipment
No
Year Established
1950
Phase
No
Voltage
No

More Information

Listing, Location and Property Info

Entry Date
2013-07-22

Sale Type

Standard
Yes

Listing Terms

Cash
Yes

Parking Spaces/Information

Clearance Height Minimum
0.00
Parking Ratio
0

Search Tags

Multi-Tenant
Yes
Listing Office: Realty Trust
Listing Agent: Scott Timberlake
Last Updated: January - 02 - 2025
Information deemed reliable but not guaranteed.
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