1404 N Palm Canyon Dr

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1404 N Palm Canyon Dr

palm-springs, CA 92262
Asking Price
$3.00M
Asset Type
Retail
Class
Class B

What's Special

1404 N Palm Canyon Drive is situated in the Uptown Design District of Palm Springs, a neighborhood known for its mix of mid-century modern architecture, art galleries, and boutique retailers. The property is positioned on a primary north-south thoroughfare, providing direct vehicular visibility and pedestrian access to the surrounding commercial corridor. Nearby amenities include established dining venues, hotels, and furniture showrooms. The site is approximately two miles from Palm Springs International Airport and offers proximity to public transit stops along the SunLine Transit Agency routes. The asset is suited for retail operations that benefit from the neighborhood’s established design and hospitality ecosystem. Potential use cases include high-end apparel boutiques, specialty home furnishings, or curated gallery spaces. The typical tenant profile consists of established local businesses or national lifestyle brands seeking a presence within an active tourist and residential shopping hub. The property attracts a demographic interested in luxury interior design and retail, aligning with the district's reputation as a destination for modern aesthetics and high-traffic commercial activity.

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.90%
Monthly Payment
$14,842.363
Annual Cash Flow
$-98,108.358

Location & Travel Times