707-745 N Palm Canyon Drive, Palm Springs, CA 92262 (MLS# 219141389)

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

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 ...

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.

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