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$ 1,550,000
Est. payment /mo
Pending
1059 N Palm Canyon DR Palm Springs, CA 92262
5 Beds
8 Baths
3,900 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,900 sqft
Price per Sqft $397
Subdivision Old Las Palmas
MLS Listing ID 219142445
Bedrooms 5
Full Baths 8
HOA Y/N No
Year Built 1952
Lot Size 10,019 Sqft
Property Description
Prime mixed-use opportunity in the heart of Palm Springs. Located on highly trafficked North Palm Canyon Drive, 1059-1063 N Palm Canyon features five apartment units and three small commercial units, all 100% vacant and ready for immediate occupancy. The property offers exceptional upside for an owner/user or investor seeking to reposition and add value.
Surrounded by a vibrant and well-established retail corridor, this prime location benefits from strong foot traffic, excellent visibility, and proximity to downtown Palm Springs' shops, dining, and entertainment. The commercial spaces are ideal for retail, office, or service uses, while the residential units provide additional income potential once renovated.
The property needs some TLC, presenting a rare opportunity to customize and revitalize a mixed-use asset in one of Palm Springs' most desirable corridors. Endless possibilities for redevelopment, re-tenanting, and long-term hold in a premier location.
Surrounded by a vibrant and well-established retail corridor, this prime location benefits from strong foot traffic, excellent visibility, and proximity to downtown Palm Springs' shops, dining, and entertainment. The commercial spaces are ideal for retail, office, or service uses, while the residential units provide additional income potential once renovated.
The property needs some TLC, presenting a rare opportunity to customize and revitalize a mixed-use asset in one of Palm Springs' most desirable corridors. Endless possibilities for redevelopment, re-tenanting, and long-term hold in a premier location.
Location
State CA
County Riverside
Area 332 - Palm Springs Central
Interior
Heating Central
Cooling Air Conditioning
Fireplace false
Exterior
View Y/N true
View Mountain(s)
Private Pool No
Building
Story 1
Entry Level One
Sewer In, Connected and Paid
Level or Stories One
Others
Senior Community No
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by KW Coachella Valley