707-745 Palm Canyon Drive N, Palm Springs, CA

$4,400,000

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8,830

Square feet

About 707-745 Palm Canyon Drive N

Step into a rare opportunity to own a truly iconic piece of Palm Springs' architectural and cultural history. Located in the bustling Uptown Design District, this ±8,830SF retail/restaurant building with large private parking lot (Lot size: 0.72AC) is a masterwork of Mid-Century Modern architecture. Originally designed in 1962 by the legendary John Porter Clark and Albert Frey. Known locally as the iconic Turonnet Building, this architecturally significant property features original travertine walls and preserved interior elements that pay homage to its origins as a bank and art gallery. Anchored by two of Palm Springs' most celebrated tenants—the nationally acclaimed TRIO Restaurant and the popular The SHAG store art gallery—this asset offers not only irreplaceable architectural value but also rock-solid investment fundamentals. TRIO, occupying three suites (707, 715 & 725 subleased to Time+Space Limited), has been a staple in the community for years and continues to thrive in one of the city's most trafficked corridors. Their tenancy offers a combination of stability and upside.

Features of 707-745 Palm Canyon Drive N

MLS® # 219141389
Price $4,400,000
Square Footage 8,830
Year Built 1962
Type Commercial Sale
Sub-Type Business
Status Active

Community Information

Address 707-745 Palm Canyon Drive N
Area 332 - Palm Springs Central
City Palm Springs
County Riverside
State CA
Zip Code 92262

Amenities

Parking Spaces 38
Has Pool No

Interior

Heating Central, Forced Air
Fireplace No

Exterior

Lot Description 31363
Roof Flat

Additional Information

Short Sale No
RE / Bank Owned No

Listing Details

AgentLuca Volpe
OfficeRealty Trust

Listing Map

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