CA > Palm Springs
Palm Springs, CA 92262,707 745 Palm Canyon DR
Palm Springs, CA 92262,707 745 Palm Canyon DR
Palm Springs, CA 92262,707 745 Palm Canyon DR
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,600,000
Est. payment /mo
0.72 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 219129826PS

HOA Y/N No

Year Built 1962

Lot Size 0.720 Acres

Property 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 privateparking 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, thisarchitecturally 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 mosttrafficked corridors. Their tenancy offers a combination of stability and upside.

Location

State CA

County Riverside

Area 332 - Central Palm Springs

Interior

Heating Central, Forced Air

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Available, Underground Utilities

Roof Type Flat

Total Parking Spaces 38

Building

Lot Description Corner Lot

Others

Tax ID 505283007

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Luca Volpe • Luca Realty Trust, Inc.

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