1276 N Palm Canyon Drive

Office: General
Pending

1276 N Palm Canyon Dr, Palm SpringsCA 92262

Property Details

Location

Address
1276 N Palm Canyon Dr, Palm SpringsCA 92262
County
Riverside
Submarket
AIR - Coachella Valley
Parcels
505213030
Cross Street
N Palm Canyon Dr/Hwy 111

Building Size

Building Size
17,238 SF
Office Space
17,238 SF
Rentable Space
17,238 SF
Floor Size
8,619 SF

Building Details

Type
 Office: General  
 Pending
Number of Buildings
1
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
2
Year Built
1953
Year Renovated
2018
LEED Level
0
Sprinklers
Total Parking
100
Parking Ratio

Land & Utilities

Land (Acres)
1.05 Acres
Land (SF)
45,810 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
C
Lot Depth
Lot Width

Contacts

Current Listings

Prime Palm Canyon Parcel

16,740 SF$625,000

This prime property offers a developer/owner the opportunity to take advantage of the strong commercial growth in the immediate area with an office or retail building.? Zoning is C-1.? (92.12.00 “C-1” retail business zone.? The C-1 zone is intended as a business district, primarily retail business in character, with related hotels, service, office, cultural and institutional uses.?)

The site is within walking distance of Desert Regional Medical Center a growing medical destination that creates demand for office space.? Retail use is strong as evidenced by the growth of the retail sector on North Palm Canyon Drive.? A similar sized lot joins the property on the east property line and front on Indian Canyon Drive.? Combing the two lots offers additional opportunities.?

The subject property is well located in the North Palm Canyon Business District.? Limited vacant properties are available in this area.? The analysis of the lot sale comps in the area are limited due to lack of available properties.? In addition to the current listing at $47.67 there has been 3 sales in 2019 and one property on the market.? In March, 2019 a .32 lot a 354 N.? Palm Canyon sold for $54.81 s/f.? A .27 acre site closer to Desert Hospital is on the market for $63.77 s/f.? Two other lots farther north on Palm Canyon Drive sold for $22.96 s/f and $22.64 s/f.? These lower priced sales are due to location which is out of the main business district.

This prime property offers a developer/owner the opportunity to take advantage of the strong commercial growth in the immediate area with an office or retail building.? Zoning is C-1.? (92.12.00 “C-1” retail business zone.? The C-1 zone is intended as a business district, primarily retail business in character, with related hotels, service, office, cultural and institutional uses.?)

The site is within walking distance of Desert Regional Medical Center a growing medical destination that creates demand for office space.? Retail use is strong as evidenced by the growth of the retail sector on North Palm Canyon Drive.? A similar sized lot joins the property on the east property line and front on Indian Canyon Drive.? Combing the two lots offers additional opportunities.?

The subject property is well located in the North Palm Canyon Business District.? Limited vacant properties are available in this area.? The analysis of the lot sale comps in the area are limited due to lack of available properties.? In addition to the current listing at $47.67 there has been 3 sales in 2019 and one property on the market.? In March, 2019 a .32 lot a 354 N.? Palm Canyon sold for $54.81 s/f.? A .27 acre site closer to Desert Hospital is on the market for $63.77 s/f.? Two other lots farther north on Palm Canyon Drive sold for $22.96 s/f and $22.64 s/f.? These lower priced sales are due to location which is out of the main business district.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: DACIE

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