353 S Palm Canyon Drive, Palm Springs, CA 92262 (MLS# 219127527)

353 S Palm Canyon Drive, Palm Springs, CA 92262

$2,950,000
Property Type: Commercial Sale Square Footage: 6,561 Status: Active
Current Price: $2,950,000 List Date: 3/31/2025 Last Modified: 12/01/2025

Overview

Description

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 ...

Listing Details MLS# 219127527

General Property Information

Approx SqFt
6561
SqFt Source
Other
Total SqFt Max
6561
Leasable SqFt
6561
Lot Size Source
Assessor
Year Built
1992

Property Features

Business Type: Retail Sale Type: Standard Listing Terms: Cash; Conventional Owner Pays: A/C; Electric; Gas/Heat; Insurance; Janitor; Phone; Refuse Removal; Sewer; Taxes; Water Tenant Pays: A/C; Electric; Gas/Heat; Janitor; Phone; Refuse Removal; Sewer; Taxes; Water Lot Features: Lot 10000-19999 SqFt; Lot Level/Flat; Near Public Transit; Sprinkler System; Sprinklers in Front; Sprinklers Timer; Walk Street Asset Class: Office; Retail; Specialty Road Surface Type: Paved Building Features: Elevator Land Use: Office; Retail Survey: Buyer Pays Signage: Sign Freestanding Exterior Construction: Freestanding; Plaster; Stucco; Synthetic Stucco; Wood Heating: Central; Forced Air Search Tags: Office/Retail; Parking Lot; Retail/Office; Special Use; Standalone; Street Retail Security Safety: Fire Sprinklers; Prewired For Alarm; Other Roofing: Flat; Tile Utilities: Electricity Connected Disclosures: Handicap Access; None

Listing Location and Property Info

APN
513203017
Original List Price
2950000
Property Sub-Type
Retail
Street #
353
Street Direction
S
Street Name
Palm Canyon
Street Suffix
Drive
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central
Country
US

Listing Info

Exclusions of Sale
Retail and office leasing options possible. Tenant will vacate at closing. Sale includes Cannabis License at no additional cost due to the Seller. Any other costs associated with license transfer are at the sole responsibility of the qualified Buyer.
Ownership Type
LLC

Property Info

Entry Floor Number
Yes
Building # of Stories
2
Business Name
Green Dragon
Building Status
Existing

Status Change Info

Status Change Date
2025-03-31

More Information

Business Info

Cooling
Yes
Current Use
Retail - Cannabis Retail & Lounge. One main floor Office / Retail space vacant.
Financing Available
Yes
Investment Property
Yes
Office Type
Owner User
Reason For Selling
Relocating to Los Angeles
Sale or Lease
Sale
Total Tenants
Yes
Heating
Yes

Parking SpacesInformation

Total Uncovered/Assigned Spaces
20
Total Parking Spaces
20

Water

Water District Name
Desert Water Agency

Listing, Location and Property Info

Entry Date
2025-03-31

Owner Pays

A/C
Yes
Electric
Yes
Gas/Heat
Yes
Insurance
Yes
Janitor
Yes
Phone
Yes
Refuse Removal
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Business Type

Retail
Yes

Tenant Pays

A/C
Yes
Electric
Yes
Gas/Heat
Yes
Janitor
Yes
Phone
Yes
Refuse Removal
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Utilities

Electricity Connected
Yes

Sale Type

Standard
Yes

Road Surface Type

Paved
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Lot 10000-19999 SqFt
Yes
Lot Level/Flat
Yes
Near Public Transit
Yes
Sprinkler System
Yes
Sprinklers in Front
Yes
Sprinklers Timer
Yes
Walk Street
Yes

Asset Class

Office
Yes
Retail
Yes
Specialty
Yes

Building Features

Elevator
Yes

Disclosures

Handicap Access
Yes
None
Yes

Land Use

Office
Yes
Retail
Yes

Survey

Buyer Pays
Yes

Signage

Sign Freestanding
Yes

Exterior Construction

Freestanding
Yes
Plaster
Yes
Stucco
Yes
Synthetic Stucco
Yes
Wood
Yes

Heating

Central
Yes
Forced Air
Yes

Search Tags

Office/Retail
Yes
Parking Lot
Yes
Retail/Office
Yes
Special Use
Yes
Standalone
Yes
Street Retail
Yes

Security Safety

Fire Sprinklers
Yes
Prewired For Alarm
Yes
Other
Yes

Roofing

Flat
Yes
Tile
Yes
Listing Office: Realty Trust
Listing Agent: Scott Timberlake
Last Updated: December - 01 - 2025
Information deemed reliable but not guaranteed.

Scroll to Top