360 N Palm Canyon Drive, Palm Springs, CA 92262 (MLS# 219144228)

360 N Palm Canyon Drive, Palm Springs, CA 92262

$3,995,000
Property Type: Commercial Sale Square Footage: 14,078 Lot Size (sq. ft.): 22,216 Status: Active
Current Price: $3,995,000 List Date: 3/04/2026 Last Modified: 3/04/2026

Overview

Description

Prime Net Lease is pleased to present a rare mixed-use investment opportunity in the heart of Downtown Palm Springs, California. This ±14,078 SF property offers a dynamic blend of retail and residential uses, featuring 9 apartment (6 1bed/1bath and 3 studios) units and 2 ground-floor retail suites. With its prime location, strong tenant base, and significant value-add potential, the asset represents a premier acquisition in one of Southern California's most desirable resort markets. Located along Palm Canyon Drive, Palm Springs' premier pedestrian corridor, the property benefits from exceptional visibility and heavy year-round foot traffic driven by surrounding restaurants, boutiques, luxury hotels, and entertainment venues. The site is positioned adjacent to the newly developed 168-room Thompson Hotel and within walking distance to major attractions including the Palm Springs Art Museum, Agua Caliente Cultural Plaza, and the Palm Springs Convention Center. The property is furth ...

Listing Details MLS# 219144228

General Property Information

Approx SqFt
14078
SqFt Source
Assessor
Lot Acres
0.51
Lot Size Source
Assessor
Year Built
1955
Cross Streets
Alejo Rd & Amad Rd

Property Features

Business Type: Residential; Retail Sale Type: Standard Showing Access: Do Not Contact Occupant Parking Features: On Street; Parking Lot Asset Class: Multi-Family; Retail Search Tags: Mixed Use; Multi-Tenant; Office/Retail; Restaurant; Retail/Office; Street Retail Laundry: Room Disclosures: None

Listing Location and Property Info

APN
513081009 & 513081020
Original List Price
3995000
Property Sub-Type
Mixed Use
Street #
360
Street Direction
N
Street Name
Palm Canyon
Street Suffix
Drive
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central
Country
US

Property Info

Building # of Stories
2
# Units
11
# Buildings
Yes
Building Status
Existing

Status Change Info

Status Change Date
2026-03-04

Business Info

Cap Rate
6.81
Investment Property
Yes
Sale or Lease
Sale

More Information

Parking SpacesInformation

Total Uncovered/Assigned Spaces
31
Total Parking Spaces
31

Listing, Location and Property Info

Entry Date
2026-03-04

Business Type

Residential
Yes
Retail
Yes

Sale Type

Standard
Yes

Showing Access

Do Not Contact Occupant
Yes

Parking Features

On Street
Yes
Parking Lot
Yes

Asset Class

Multi-Family
Yes
Retail
Yes

Disclosures

None
Yes

Search Tags

Mixed Use
Yes
Multi-Tenant
Yes
Office/Retail
Yes
Restaurant
Yes
Retail/Office
Yes
Street Retail
Yes

Laundry

Room
Yes

Documents

Listing Office: Prime Desert Estates
Listing Agent: Paul R Matusik
Last Updated: March - 04 - 2026
Information deemed reliable but not guaranteed.
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