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For SaleLuxury

$4,400,000

31,363 sqft$140/sqft81 days on market

707 745 Palm Canyon Drive

Palm Springs, CA 92262

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

31,363

Square feet

1962

Built

Listing narrative

Description

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.

Listing agent (MLS): Luca Volpe · Listing brokerage (MLS): Realty Trust

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$4,400,000

Beds

Beds n/a

Type

Commercial

Home Size

31,363 sqft

Baths

Baths n/a

Lot Size

0.72 acres

Year

1962

Status

For Sale

Days on Market

81

$ / Sqft

$140

· 8% down, 7% APR, 30yr fixed
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Courtesy of Realty Trust