664 668 Palm Canyon Drive, Palm Springs, CA 92262
- $4,395,000
- List Price
- $4,395,000
- Price Change
- ▼ $555,000 1777340937
- Status
- ACTIVE
- MLS#
- 219142175PS
- Year Built
- 1960
- Lot Size
- 17,424
- Acres
- 0.40
- Lot Location
- Landscaped, Near Public Transit, Street Level
- Days on Market
- 201
- Property Type
- Commercial
Property Description
Prime 100% Leased Investment Opportunity in the Heart of Palm Springs' Historic Uptown District. Located in one of Palm Springs' most desirable corridors, this impeccably maintained property offers exceptional visibility and charm. Dual Architecture, Mid Century Modern and Spanish, situated on a single tax lot with two distinct addresses. The offering includes: 668 Building - A striking Mid-Century Modern commercial space ideal for retail, office, or mixed use. 664 Building - A beautifully preserved Spanish-style property, home to the renowned and successful Jake's Restaurant boasting high foot traffic and excellent street frontage. In 2024 Jakes expanded its operation and a new fully renovated lobby, additional indoor seating, kitchen and restrooms. Off-street parking exclusively for tenants. This property is both functional and aesthetically unique. The 668 building features two common area restrooms on the second floor, while the ground-floor retail units each have private restrooms. Additional highlights include a fully paid solar system on the 668 building--enhancing sustainability and reducing operational costs. Currently under application for the Mills Act for a potentially significant property tax reduction. Fully occupied, please do not disturb tenants. Seller open to an exchange for an out of state Commercial property, Hotel or residential income property. Oregon preferred.
/u.realgeeks.media/findinlandempirehomes/header.png)
Additional Information
- Heat
- Central, Electric, Forced Air
- Cooling
- Yes
- Roof
- Composition, Flat, Tile
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Scott Timberlake (scottptimberlake@icloud.com) from Listing Office: Realty Trust.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.