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707-745 N Palm Canyon Drive, Palm Springs, CA 92262
$4,400,000
Property Type:
Commercial Sale
Square Footage:
8,830
Status:
Active
Current Price:
$4,400,000
List Date:
1/14/2026
Last Modified:
1/14/2026
Overview
Description
...
(Read more)
Step into a rare opportunity to own a truly iconic piece of Palm Springs' architectural and cultural history. Located in the bustling Uptown Design District, this ±8,830SF retail/restaurant building with large private
parking lot (Lot size: 0.72AC) is a masterwork of Mid-Century Modern architecture. Originally designed in 1962 by the legendary John Porter Clark and Albert Frey. Known locally as the iconic Turonnet Building, this
architecturally significant property features original travertine walls and preserved interior elements that pay homage to its origins as a bank and art gallery. Anchored by two of Palm Springs' most celebrated tenants—the nationally acclaimed TRIO Restaurant and the popular The SHAG store art gallery—this asset offers not only irreplaceable architectural value but also rock-solid investment fundamentals. TRIO, occupying three suites (707, 715 & 725 subleased to Time+Space Limited), has been a staple in the community for years and continues to thrive in one of the city's most
trafficked corridors. Their tenancy offers a combination of stability and upside.
Listing Details MLS# 219141389
General Property Information
- Approx SqFt
- 8830
- SqFt Source
- Other
- Year Built
- 1962
- Cross Streets
- W Merito Place
Property Features
Business Type:
Hospitality
Sale Type:
Standard
Financing:
Cash; Conventional
Listing Terms:
Cash; Conventional; Standard Sale
Showing Access:
Do Not Contact Occupant; List Agent Accompanies
Owner Pays:
Insurance; Taxes
Tenant Pays:
A/C; Electric; Gas/Heat; Janitor; Water
Lot Features:
Corner Lot; Lot 20000-39999 SqFt; Lot Level/Flat; Walk Street
Asset Class:
Retail
Road Surface Type:
Paved
Land Use:
Office; Retail; Other
Survey:
Buyer Pays
Exterior Construction:
Stucco
Heating:
Central; Forced Air
Search Tags:
Multi-Tenant; Office/Retail; Parking Lot; Restaurant; Retail/Office; Standalone; Street Retail
Security Safety:
Carbon Monoxide Detector(s); Smoke Detector
Roofing:
Flat
Utilities:
220V in Kitchen; Electricity Connected; Natural Gas Available; Underground Utilities
Disclosures:
None
Listing Location and Property Info
- APN
- 505283007
- Original List Price
- 4400000
- Property Sub-Type
- Business
- Street #
- 707-745
- Street Direction
- N
- 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
- Any and all tenant personal property.
- Accounting Type
- Actual
- Ownership Type
- Partnership
Property Info
- Entry Floor Number
- Yes
- Building # of Stories
- Yes
- # Buildings
- Yes
- Building Status
- Existing
- Anchor Co Tenants
- TRIO, Shag Store
Status Change Info
- Status Change Date
- 2026-01-14
More Information
Business Info
- Cap Rate
- 6.2
- Cooling
- Yes
- Current Use
- Restaurant and Retail
- Financing Available
- No
- Investment Property
- Yes
- Lease Type
- NNN
- Sale or Lease
- Sale
- Total Tenants
- 3
- Heating
- Yes
Parking SpacesInformation
- Total Uncovered/Assigned Spaces
- 38
- Total Parking Spaces
- 38
Water
- Water District Name
- Desert Water Agency
Listing, Location and Property Info
- Entry Date
- 2026-01-14
Owner Pays
- Insurance
- Yes
- Taxes
- Yes
Business Type
- Hospitality
- Yes
Tenant Pays
- A/C
- Yes
- Electric
- Yes
- Gas/Heat
- Yes
- Janitor
- Yes
- Water
- Yes
Utilities
- 220V in Kitchen
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Underground Utilities
- Yes
Sale Type
- Standard
- Yes
Road Surface Type
- Paved
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Standard Sale
- Yes
Financing
- Cash
- Yes
- Conventional
- Yes
Showing Access
- Do Not Contact Occupant
- Yes
- List Agent Accompanies
- Yes
Lot Features
- Corner Lot
- Yes
- Lot 20000-39999 SqFt
- Yes
- Lot Level/Flat
- Yes
- Walk Street
- Yes
Asset Class
- Retail
- Yes
Disclosures
- None
- Yes
Land Use
- Office
- Yes
- Retail
- Yes
- Other
- Yes
Survey
- Buyer Pays
- Yes
Exterior Construction
- Stucco
- Yes
Heating
- Central
- Yes
- Forced Air
- Yes
Search Tags
- Multi-Tenant
- Yes
- Office/Retail
- Yes
- Parking Lot
- Yes
- Restaurant
- Yes
- Retail/Office
- Yes
- Standalone
- Yes
- Street Retail
- Yes
Security Safety
- Carbon Monoxide Detector(s)
- Yes
- Smoke Detector
- Yes
Roofing
- Flat
- Yes
Documents
Listing Office:
Realty Trust
Listing Agent:
Luca Volpe
Last Updated: January - 14 - 2026
Information deemed reliable but not guaranteed.

2026 P&L ›