600 750 Tahquitz Canyon WAY, Palm Springs, CA 92262
600 750 Tahquitz Canyon WAY, Palm Springs, CA 92262
600 750 Tahquitz Canyon WAY, Palm Springs, CA 92262
600 750 Tahquitz Canyon WAY, Palm Springs, CA 92262
600 750 Tahquitz Canyon WAY, Palm Springs, CA 92262
600 750 Tahquitz Canyon WAY, Palm Springs, CA 92262
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Peter Lorimer

Peter Lorimer

+1(310) 666-7383
$ 11,000,000
Est. payment | /mo

3.35 Acres Lot

Save
$ 11,000,000
Est. payment | /mo
Save

3.35 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 219143989PS

HOA Y/N No

Year Built 1973

Lot Size 3.350 Acres

Property Description

Kaptur Plaza has become an Iconic Palm Springs landmark, restored completely in 2018 including all mechanicals, plumbing, electric and new roofs. A featured destination on the Historic Register for award winning design and architecture by renowned Mid-Century architect, Hugh Kaptur. Mills act in place reducing the annual property taxes significantly. 2 parcels with approx. 32,000 sf of interior space and 145,926 sf of FEE SIMPLE land in the heart of downtown Palm Springs. Thes prime 3.35 Acres of Fee Simple land strategically located in Section 14 has an exceptional land value along the Tahquitz Corridor. Zoning allows mixed uses: office, retail and, Medical. Featured Tenants include Koffi (their #1 Store / Location in the Valley!), Revive Wellness, V Wine Lounge and on-site professional property management by Realty Trust, Asset Management, a leader in Real Estate sales and commercial leasing. Fully leased, constantly high occupancy rates and diversified uses offering / including Executive Suites with receptionist and shared amenities. New Construction planned to start in 2027 behind Kaptur Plaza by Nexus Development. This exceptional development will greatly enhance the location with high rise condominiums, and a Luxury Hotel (see attachment). Please do not disturb our tenants. Financials available to pre-qualified buyers.

Location

State CA

County Riverside

Area 332 - Central Palm Springs

Interior

Heating Central, Forced Air

Inclusions Existing leases.

Fireplace No

Laundry None

Exterior

Utilities Available Electricity Connected, Phone Connected, Underground Utilities

Roof Type Composition,Foam,Tile

Building

Lot Description Corner Lot, Desert Front, Front Yard, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Near Public Transit, Sprinklers Timer, Sprinklers On Side, Sprinkler System

Story 1

Water Public

Others

Tax ID 508055003

Security Features Prewired,Fire Detection System,Firewall(s),Fire Sprinkler System,Smoke Detector(s),Security Lights

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Scott Timberlake Realty Trust #01257645
Nearby Locations
Peter Lorimer

Making real estate fast, fun, and stress-free!

+1(310) 666-7383

peter@plgestatesinc.com

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600 750 Tahquitz Canyon WAY