353 S Palm Canyon, Palm Springs, CA 92262 (MLS# 15844533)

353 S Palm Canyon, Palm Springs, CA 92262

$1,450,000
Property Type: Commercial Sale Lot Size (sq. ft.): 16,117 Status: Closed
Current Price: $1,450,000 List Date: 4/16/2002 Last Modified: 11/08/2024

Overview

Description

****THE COMMERCIAL JEWEL OF THE DESERT.***** THE MOST BEAUTIFUL BUILDING IN THE COACHELLA VALLEY. HIGH QUALITY CONSTRUCTION, USING EARTHQUAKE & FIRE RESISTANT STEEL & CONCRETE. CONCRETE BANNISTERS, LUXURIOUS COPPER WINDOW CANOPYS. HIGH CEILINGS & MARBLE FLOORS. ELEVATOR TO 2ND FLOORS. FIREPLACES IN EACH OF THE FOUR MAJOR SECTIONS.5400 SFT PLUS 2500 SFT OF USABLE UPPER & LOWER BALCONY. SEE FIN. SECT. FOR CURRENT STATUS. THIS UNIQUE PROPERTY IS SUITED FOR:A CORPORATE HDQTRS, HIGH TICKET ART, FURNITURE, PROFESSIONS,ETC.. THIS,THE MOST BEAUTIFUL COM'L PROPERTY..ALSO THE GREAT COM'L BUY ON PALM CANYON IN DOWNTOWN PALM SPRINGS. ON THE SAME BLOCK AS: THE ALLEY, WASHINGTON MUTUAL BANK, GAURANITY BANK, JOHNNY COSTAS , BIG FIVE, TONY ROMA'S, RITE-AIDE DRUGS, MERRILL LYNCH, & OTHERS. THERE'S $$$

Listing Details MLS# 15844533

General Property Information

Lot Acres
0.37
Office SqFt
2900
Year Built
1995

Property Features

Listing Terms: Cash; Owner May Carry Lot Features: Sprinkler System

Listing Location and Property Info

APN
513203017
Original List Price
1894000
Street #
353
Street Direction
S
Street Name
Palm Canyon
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central

Property Info

# Units
5

Status Change Info

Status Change Date
2004-01-10
Pending Date
2004-01-05
Closed Date
2004-01-10
Closed Price
1450000

Expenses

Annual Resident Manager Expense
3

More Information

Income

Gross Operating
120000

Business Info

Cap Rate
7.5
Cooling
Yes
Laundry Equipment
No
Year Established
1995
Phase
No
Voltage
No

Listing, Location and Property Info

Entry Date
2002-04-16

Listing Terms

Cash
Yes
Owner May Carry
Yes

Lot Features

Sprinkler System
Yes

Parking Spaces/Information

Clearance Height Minimum
0.00
Parking Ratio
0
Listing Office: Mike Loza & Associates
Listing Agent: Mike Loza
Last Updated: November - 08 - 2024
Information deemed reliable but not guaranteed.

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