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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
...
(Read more)
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.
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.
