353 S Palm Canyon Drive, Palm Springs, CA 92262
$2,950,000
Property Type:
Commercial Sale
Square Footage:
6,561
Status:
Active
Current Price:
$2,950,000
List Date:
3/31/2025
Last Modified:
5/12/2026
Description
Exceptional property and Downtown Palm Springs location. No land lease, Fee Simple. ownership. Two story structure including a private off street parking lot and elevator. Highly upgraded Dispensary on the main floor and Cannabis Lounge on the second floor. All office / Retail leasing options available. Owner / Tenant will vacate at closing. Cannabis license can be transferred! NO NEW Licenses issued until after 12/31/2027.Commercial Financing options are available but limited for its current use. City planning to restrict / limit Palm Springs licenses in 2028, considering 10 as the limit. Private financing possible with a substantial downpayment in excess of 50%. Highly upgraded with newer mechanical systems, high end interior and exterior improvements, upgrades and finishes. Expansive outdoor space with exceptional mountain and city views. Excellent visibility, ADA compliant. Contact listing agent for Projected income and expense summary. Restricted access must contact listing agent for showing appointments. Please DO NOT disturb tenant.
More Information MLS# 219127527
Listing, Location and Property Info
Entry Date: 2025-03-31
General Property Information
Total SqFt Max: 6561
Leasable SqFt: 6561
Approx SqFt: 6561
SqFt Source: Other
Lot Size: 16117
Lot Size Source: Assessor
Year Built: 1992
Listing Info
Ownership Type: LLC
Exclusions of Sale: Retail and office leasing options possible. Tenant will vacate at closing. Sale includes Cannabis License at no additional cost due to the Seller. Any other costs associated with license transfer are at the sole responsibility of the qualified Buyer.
Property Info
Entry Floor Number: 1
Building # of Stories: 2
Business Name: Green Dragon
Building Status: Existing
Owner Pays
A/C: 1
Electric: 1
Gas/Heat: 1
Insurance: 1
Janitor: 1
Phone: 1
Refuse Removal: 1
Sewer: 1
Taxes: 1
Water: 1
Business Type
Retail: 1
Tenant Pays
A/C: 1
Electric: 1
Gas/Heat: 1
Janitor: 1
Phone: 1
Refuse Removal: 1
Sewer: 1
Taxes: 1
Water: 1
Utilities
Electricity Connected: 1
Sale Type
Standard: 1
Business Info
Cooling: Yes
Heating: Yes
Current Use: Retail - Cannabis Retail & Lounge. One main floor Office / Retail space vacant.
Financing Available: Yes
Investment Property: Yes
Office Type: Owner User
Reason For Selling: Relocating to Los Angeles
Sale or Lease: Sale
Total Tenants: 1
Road Surface Type
Paved: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Lot 10000-19999 SqFt: 1
Lot Level/Flat: 1
Near Public Transit: 1
Sprinkler System: 1
Sprinklers in Front: 1
Sprinklers Timer: 1
Walk Street: 1
Asset Class
Office: 1
Retail: 1
Specialty: 1
Building Features
Elevator: 1
Disclosures
Handicap Access: 1
None: 1
Land Use
Office: 1
Retail: 1
Survey
Buyer Pays: 1
Signage
Sign Freestanding: 1
Exterior Construction
Freestanding: 1
Plaster: 1
Stucco: 1
Synthetic Stucco: 1
Wood: 1
Heating
Central: 1
Forced Air: 1
Search Tags
Office/Retail: 1
Parking Lot: 1
Retail/Office: 1
Special Use: 1
Standalone: 1
Street Retail: 1
Security Safety
Fire Sprinklers: 1
Prewired For Alarm: 1
Other: 1
Roofing
Flat: 1
Tile: 1
Water
Water District Name: Desert Water Agency
Listing Location and Property Info
APN: 513203017
Status: Active
Listing Date: 2025-03-31
Original List Price: 2950000
List Price: $2,950,000
Current Price: $2,950,000
Property Sub-Type: Retail
Street #: 353
Street Direction: S
Street Name: Palm Canyon
Street Suffix: Drive
County: Riverside
State: CA
Zip Code: 92262
Area: 332 - Palm Springs Central
Country: US
Status Change Info
Status Change Date: 2025-03-31
Parking SpacesInformation
Total Uncovered/Assigned Spaces: 20
Total Parking Spaces: 20
Property Features
Business Type: Retail
Sale Type: Standard
Listing Terms: Cash; Conventional
Owner Pays: A/C; Electric; Gas/Heat; Insurance; Janitor; Phone; Refuse Removal; Sewer; Taxes; Water
Tenant Pays: A/C; Electric; Gas/Heat; Janitor; Phone; Refuse Removal; Sewer; Taxes; Water
Lot Features: Lot 10000-19999 SqFt; Lot Level/Flat; Near Public Transit; Sprinkler System; Sprinklers in Front; Sprinklers Timer; Walk Street
Asset Class: Office; Retail; Specialty
Road Surface Type: Paved
Building Features: Elevator
Land Use: Office; Retail
Survey: Buyer Pays
Signage: Sign Freestanding
Exterior Construction: Freestanding; Plaster; Stucco; Synthetic Stucco; Wood
Heating: Central; Forced Air
Search Tags: Office/Retail; Parking Lot; Retail/Office; Special Use; Standalone; Street Retail
Security Safety: Fire Sprinklers; Prewired For Alarm; Other
Roofing: Flat; Tile
Utilities: Electricity Connected
Disclosures: Handicap Access; None
Listing Office:
Realty Trust
Listing Agent:
Scott Timberlake
Last Updated: May - 12 - 2026
Information deemed reliable but not guaranteed.
