FOR SALE | DOWNTOWN PALM SPRINGS USER/DEVELOPMENT OPPORTUNITY 350 S. PALM CANYON DR. PALM SPRINGS, CA 64,546 SF (1.48 ACRE) OF LAND 18,000 SF BUILDING W/ BASEMENT +/- 450 FEET OF COMBINED FRONTAGE ON PALM CANYON AND INDIAN DRIVES SOUTH BELERADO ROAD SOUTH PALM CANYON DRIVE 350 S PALM CANYON DR. SOUTH INDIAN CANYON DRIVE WEST RAMON ROAD N TIMOTHY L BOWER MARCO ROSSETTI GABRIELLE LARDIERE Senior Vice President Senior Associate +1 310 550 2605 +1 310 550 2521 +1 760 578 4723
[email protected] [email protected] [email protected] Lic. 01911073 Lic. 00864693 Lic. 01805951 CAPITAL MARKETS TABLE OF CONTENTS EXECUTIVE SUMMARY Investment Summary Investment Highlights AERIAL OVERVIEW THE PROPERTY Current Improvements Site Plan MARKET OVERVIEW Regional Overview | Coachella Valley Submarket Overview | City of Palm Springs APPENDIX Zoning Code Palm Springs, CA BARRISTO ROAD SOUTH BELERADO ROAD 350 S PALM SOUTH PALM CANYON DRIVE CANYON DR. SOUTH INDIAN CANYON DRIVE WEST RAMON ROAD N EXECUTIVE SUMMARY Investment Summary Investment Highlights EXECUTIVE SUMMARY INVESTMENT SUMMARY CBRE has been retained on an exclusive basis to present the opportunity to acquire a prime site at the Southern Gateway to Palm Springs’ resurgent Downtown commercial core. The site currently consists of +/- 18,750 square feet of building with +/- 12,750 square feet of basement on +/- 64,546 square feet of land (1.48 acres) with 448 feet of combined frontage along Palm Canyon and Indian Canyon Drives. This prime site has potential for retail, office and residential development, and boasts spectacular street front visibility as well as mountain and Coachella Valley views.