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Listed by Raymond Rodriguez • Equity Union
$ 5,500,000
Est. payment /mo
Active
296 S Palm Canyon Drive Palm Springs, CA 92262
16,200 SqFt
UPDATED:
10/25/2024 06:02 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 16,200 sqft
Price per Sqft $339
MLS Listing ID CRSR24146341
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1973
Lot Size 0.460 Acres
Property Description
We are proud to present The Bank, located at 296 S. Palm Canyon Drive and encompassing 16,200± square feet of beautifully appointed single-tenant retail in a 2-story building and currently 100% occupied by Four Twenty The Bank. Attractive Seller financing offered of 75% LTV & 5.0% interest only. The property is situated on 20,038± square feet of land in the city of Palm Springs, California, and was originally constructed in 1973 and recently extensively rehabbed with over $2 Million in capital improvements invested in property upgrades. These updates include replacement of all major systems, installation of fire protection system and both interior and exterior sprinklers just to name a few, and 100% interior remodel just to name a few. 296 Palm Canyon Drive is currently leased to Four Twenty The Bank one of the largest cannabis dispensaries in all of California. When entering the space, you first are greeted by an informal lobby that welcomes you into the impressive open floor plan. Immediately upon entering the space, you can’t help but notice the cathedral ceilings, exposing the architecturally designed rafters which are highlighted by the natural light of the skylights above, truly a site to see. In addition to the common area, the space offers 2 executive offices, and res
Location
State CA
County Riverside
Interior
Fireplace No
Building
Water Public
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