707 745 Palm Canyon Drive Palm Springs, CA $ 4,400,000
707 745 Palm Canyon Drive
$ 4,400,000
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707 745 Palm Canyon Drive

Palm Springs, CA, 92262
$ 4,400,000
Bedrooms-- Baths--

Monthly Estimate*

$ 27,092

Listed by Realty Trust
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Commercial Property for sale in Palm Springs, CA

for $4,400,000. This building was built in 1962 on a lot size of 0.72.

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 privateparking 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, thisarchitecturally 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 mosttrafficked corridors. Their tenancy offers a combination of stability and upside.

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Commercial Active

Price

$ 4,400,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.72

Year Built

1962

Town/City

Palm Springs

County/Region

Riverside

MLS | Web ID

219141389PS

Days on Market

2

Features
General
Heating Central Forced Air
Utilities Electricity Connected Natural Gas Available Underground Utilities
Roof Flat
HOA Fee 0
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Exclusions Any and all tenant personal property.
Year Built 1962
County Riverside
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active
Directions In the heart of Uptown Palm Springs. Property located on the west side of Palm Canyon Dr at the corner of W Merito Place just south of Tamarisk Road.
City Palm Springs
Open Parking Spaces 38
MLS Area 332 - Central Palm Springs
Lot Size Units Square Feet
Lot Size Square Feet 31363
Listing Terms Cash Conventional
Standard Status Active
Cap Rate 6.2
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Interior
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Lot Features Corner Lot
Total Parking 38
Lot Size Area 31363
Number of Buildings 1
Lot Size Acres 0.72
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* Excluded Features
List By
Realty Trust

Broker

lucarealtytrust@icloud.com

Email

Affordability Calculator

$27,092
Per Month
100%
0%
0%
Monthly Principal & Interest
$27,092
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/15/2026$4,400,000 Listed Price

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707 745 Palm Canyon Drive, Palm Springs, CA, 92262 is a Commercial Property for sale at $4,400,000 with a lot size of 0.72. 707 745 Palm Canyon Drive was built in 1962. The property's zip code is 92262 which is in Palm Springs, CA