Pablo Rodriguez
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500 S. Indian Canyon Drive

Palm Springs, CA 92264

500 S. Indian Canyon Drive
Address
Palm Springs
City
US
Country
Retail
Property Type
CA
State

Description

Positioned at one of Palm Springs’ most prominent intersections, the property also includes two (2) ±6,098 SF residential parcels zoned R2 (totaling ±12,196 SF), offering a rare infill development opportunity in a high-demand market. These parcels are ideally suited for duplex construction or short-term rental units, capitalizing on the city’s booming tourism and seasonal population surges. Located just steps from downtown and surrounded by upscale condos, boutique hotels, and retail, the parcels benefit from exceptional walkability and visibility. Investors can unlock additional value through residential development or land banking, all while leveraging the stability of the adjacent trophy NNN-leased US Bank asset.

Offering Summary
Property TypeRetail
Asking Price$3,963,000
Sale Details
Cap Rate5.75%
NOI$227,885
Documents
Property Address
Property Details
Property TypeRetail
Gross Leasable Area (SF)984,356 SF
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