238 PALM CANYON Drive, Palm Springs, CA 92262
$2,500,000
Property Type:
Commercial Sale
Status:
Closed
Current Price:
$2,500,000
List Date:
9/29/2017
Last Modified:
5/12/2026
Description
A part of Palm Springs History, this was theoriginal location of Ruby Dunes during the 50'sand 60's, a favorite Frank Sinatra hangout. It is amulti-tenant building with two businesses on PalmCanyon Dr. and a newer addition extending eastbuilt in the mid 70's. Currently it is fully leased withfour tenants. The Hair of the Dog Saloon,Mariannes of Palm Springs, The Sandwich Shopand Canyon Copy & Print. It is directly across thestreet from the new downtown redevelopment byGrit Development including the new RowanKimpton Hotel, West Elm and Blaze Pizza. Thesecond buildings, which just opened last fall,features Tommy Bahama, Free People, H&M,MAC Cosmetics, Kiehls, II Corso, and StarbucksReserve. The Hyatt Hotel is also directly acrossthe street.
More Information MLS# 17275694
Listing, Location and Property Info
Entry Date: 2017-09-28
Property Info
Building # of Stories: 1
Building Status: Existing
Business Type
Retail: 1
Income
Gross Operating: 232000
Gross Schedule Rents: 16000
Sale Type
Standard: 1
Business Info
Laundry Equipment: No
Sale or Lease: Sale
Total Tenants: 4
Year Established: 1950
Cap Rate: 6.34
Listing Location and Property Info
APN: 513091011
Status: Closed
Listing Date: 2017-09-28
Original List Price: 3000000
Sold Price: $2,500,000
Current Price: $2,500,000
Street #: 238
Street Name: PALM CANYON
Street Suffix: Drive
County: Riverside
State: CA
Zip Code: 92262
Area: 332 - Palm Springs Central
General Property Information
SqFt Source: Other
Year Built: 1950
Cross Streets: E. Amado Rd
Status Change Info
Status Change Date: 2018-06-29
Pending Date: 2018-03-26
Closed Date: 2018-06-29
Closed Price: 2500000
Property Features
Business Type: Retail
Sale Type: Standard
Listing Office:
Baddour & Associates
Listing Agent:
Ingrid Baddour
Last Updated: May - 12 - 2026
Information deemed reliable but not guaranteed.
