664-668 N Palm Canyon Drive, Palm Springs, CA 92262
$4,395,000
Property Type:
Commercial Sale
Square Footage:
11,387
Status:
Active
Current Price:
$4,395,000
List Date:
1/27/2026
Last Modified:
5/14/2026
Description
Prime 100% Leased Investment Opportunity in the Heart of Palm Springs' Historic Uptown District. Located in one of Palm Springs' most desirable corridors, this impeccably maintained property offers exceptional visibility and charm. Dual Architecture, Mid Century Modern and Spanish, situated on a single tax lot with two distinct addresses. The offering includes: 668 Building - A striking Mid-Century Modern commercial space ideal for retail, office, or mixed use. 664 Building - A beautifully preserved Spanish-style property, home to the renowned and successful Jake's Restaurant boasting high foot traffic and excellent street frontage. In 2024 Jakes expanded its operation and a new fully renovated lobby, additional indoor seating, kitchen and restrooms. Off-street parking exclusively for tenants. This property is both functional and aesthetically unique. The 668 building features two common area restrooms on the second floor, while the ground-floor retail units each have private restrooms. Additional highlights include a fully paid solar system on the 668 building—enhancing sustainability and reducing operational costs. Currently under application for the Mills Act for a potentially significant property tax reduction. Fully occupied, please do not disturb tenants. Seller open to an exchange for an out of state Commercial property, Hotel or residential income property. Oregon preferred.
More Information MLS# 219142175
Listing, Location and Property Info
Entry Date: 2026-01-27
Listing Info
Accounting Type: Actual
Ownership Type: Corporation
Exclusions of Sale: Any tenant personal property.
Property Info
Building # of Stories: 2
# Buildings: 2
Building Status: Existing
Owner Pays
A/C: 1
Electric: 1
Gas/Heat: 1
Insurance: 1
Janitor: 1
Sewer: 1
Taxes: 1
Water: 1
Business Type
Hospitality: 1
Professional/Office: 1
Retail: 1
Specialty: 1
Tenant Pays
A/C: 1
Electric: 1
Gas/Heat: 1
Janitor: 1
Utilities
220V in Kitchen: 1
Electricity Connected: 1
Underground Utilities: 1
Water Meter on Property: 1
Sale Type
Standard: 1
Business Info
Cooling: Yes
Heating: Yes
Current Use: Restaurant / Retail / Office
Financing Available: No
Laundry Equipment: No
Office Type: Multi Tenant
Sale or Lease: Sale
Road Surface Type
Paved: 1
Listing Terms
Cash: 1
Conventional: 1
Standard Sale: 1
Financing
Cash: 1
Conventional: 1
Exchange Down: 1
Exchange Up: 1
Showing Access
Do Not Contact Occupant: 1
Lot Features
Landscaped: 1
Level with Street: 1
Lot Level/Flat: 1
Near Public Transit: 1
Walk Street: 1
Asset Class
Office: 1
Retail: 1
Disclosures
Historical Design: 1
Land Use
Office: 1
Retail: 1
Other: 1
Survey
Buyer Pays: 1
Signage
Sign on Building: 1
Exterior Construction
Stone: 1
Stucco: 1
Heating
Central: 1
Electric: 1
Forced Air: 1
Search Tags
Multi-Tenant: 1
Office/Retail: 1
Parking Lot: 1
Restaurant: 1
Retail/Office: 1
Standalone: 1
Street Retail: 1
Laundry
None: 1
Security Safety
Carbon Monoxide Detector(s): 1
Exterior Security Lights: 1
Smoke Detector: 1
Roofing
Composition: 1
Flat: 1
Tile: 1
Water
Water District: 1
Water District Name: Desert Water Agency
Listing Location and Property Info
APN: 505303012
Status: Active
Listing Date: 2026-01-26
Original List Price: 4950000
List Price: $4,395,000
Current Price: $4,395,000
Property Sub-Type: Retail
Street #: 664-668
Street Direction: N
Street Name: Palm Canyon
Street Suffix: Drive
County: Riverside
State: CA
Zip Code: 92262
Area: 332 - Palm Springs Central
Country: US
General Property Information
Approx SqFt: 11387
SqFt Source: Other
Lot Size: 17424
Lot Size Source: Assessor
Year Built: 1960
Status Change Info
Status Change Date: 2026-01-27
Parking SpacesInformation
Total Carport Spaces: 6
Total Uncovered/Assigned Spaces: 11
Total Parking Spaces: 17
Property Features
Business Type: Hospitality; Professional/Office; Retail; Specialty
Sale Type: Standard
Financing: Cash; Conventional; Exchange Down; Exchange Up
Listing Terms: Cash; Conventional; Standard Sale
Showing Access: Do Not Contact Occupant
Owner Pays: A/C; Electric; Gas/Heat; Insurance; Janitor; Sewer; Taxes; Water
Tenant Pays: A/C; Electric; Gas/Heat; Janitor
Lot Features: Landscaped; Level with Street; Lot Level/Flat; Near Public Transit; Walk Street
Asset Class: Office; Retail
Road Surface Type: Paved
Land Use: Office; Retail; Other
Survey: Buyer Pays
Signage: Sign on Building
Exterior Construction: Stone; Stucco
Heating: Central; Electric; Forced Air
Search Tags: Multi-Tenant; Office/Retail; Parking Lot; Restaurant; Retail/Office; Standalone; Street Retail
Laundry: None
Security Safety: Carbon Monoxide Detector(s); Exterior Security Lights; Smoke Detector
Roofing: Composition; Flat; Tile
Water: Water District
Utilities: 220V in Kitchen; Electricity Connected; Underground Utilities; Water Meter on Property
Disclosures: Historical Design
Listing Office:
Realty Trust
Listing Agent:
Scott Timberlake
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.
