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Listing provided courtesy of Realty Trust- MLS# 219149666MLS Provider

353 S Palm Canyon DrivePalm Springs, CA 92262

Commercial · 6,561 Sq. ft.
$2,950,000 Active

353 S Palm Canyon Drive Overview

Time on Site:
3 days
Visits:
0

Exceptional property and Downtown Palm Springs location. No land lease, Fee Simple. ownership. Two story structure including a private off street parking lot and elevator. Highly upgraded Dispensary on the main floor and Cannabis Lounge on the second floor. All office / Retail leasing options available. Owner / Tenant will vacate at closing. Cannabis license can be transferred! NO NEW Licenses issued until after 12/31/2027.Commercial Financing options are available but limited for its current use. City planning to restrict / limit Palm Springs licenses in 2028, considering 10 as the limit. Private financing possible with a substantial downpayment in excess of 50%. Highly upgraded with newer mechanical systems, high end interior and exterior improvements, upgrades and finishes. Expansive outdoor space with exceptional mountain and city views. Excellent visibility, ADA compliant. Contact listing agent for Projected income and expense summary. Restricted access must contact listing agent for showing appointments. Please DO NOT disturb tenant.

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353 S Palm Canyon Drive Facts & Features

  • Type Commercial
  • Sq. ft. 6,561
  • Price/Sq.ft. $450

Details

General

Building Information

  • Year Built: 1992

Business Information

  • Business Name: Green Dragon
  • Business Type: Retail

Location/Region

  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: 332 - Palm Springs Central

Rent/Lease Information

  • Tenant Pays: A/C,Electric,Gas/Heat,Janitor,Phone,Refuse Removal,Sewer

General Information

  • Disclosures: Handicap Access
  • Exclusions: Retail and office leasing options possible. Tenant will vacate at closing. Sale includes Cannabis License at no additional cost due to the Seller. Any other costs associated with license transfer are at the sole responsibility of the qualified Buyer.
  • Listing Terms: Cash,Conventional
  • Parcel Number: 513203017
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • Special Listing Conditions: Standard

Interior

Building Interior

  • Building Area Source: Other
  • Building Area Total: 6561.0

General Information

  • Building Features: Elevator
  • Leasable Area: 6561.0
  • Living Area: 6561.0
  • Security Features: Prewired For Alarm,Other,Fire Sprinkler System
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking Spaces: 20.0
  • Parking Total: 20.0

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Area: 16117.0
  • Lot Size Source: Assessor

Building Exterior/Construction

  • Construction Materials: Plaster,Stucco
  • Roof: Flat,Tile

General Information

  • Utilities: Electricity Connected

353 S Palm Canyon Drive Neighborhood

Palm Springs, California, Community Guide | Bennion Deville Homes

Nestled at the base of the San Jacinto Mountains, the beautiful desert resort city of Palm Springs, California, is an international destination for outdoor sport enthusiasts, Mid-Century architecture admirers, and fans of the glamour of Golden Era Hollywood. Palm Springs is located approximately 110 miles southeast of Los Angeles and 140 miles northeast of San Diego, making it an ideal distance for Southern California residents to escape for a quick getaway weekend or the perfect locale for a second home. Search Palm Springs homes for sale.

About Palm Springs, California, Community Guide | Bennion Deville Homes

Community

92262 (Palm Springs) Demographics

53
Median Age
775
Population Density (per sq. mile)
48%
College Educated
$55,757
Estimated Median Income
8,518
Estimated Total Home Owners
5,359
Estimated Total Renters
61% / 39%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

353 S Palm Canyon Drive Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

353 S Palm Canyon Drive Market Data

Based on the last 30 days in this zip code

$1,100,247
Average List Price
$617
Average Price per Square Foot
107
Properties Sold
98
Average Days on Market
1,171
Properties for Sale
Calculations provided by Reliance Network

353 S Palm Canyon Drive History

Date Event Value Agent
6/26/2026Source: CRMLS Added to Database
June 26, 2026
6/26/2026Source: California Desert MLS Added to Database
June 26, 2026
3/6/2026Source: California Desert MLS Price Reduction
$3,950 -20.2%
3/6/2026Source: CRMLS Price Reduction
$3,950 -20.2%
1/8/2026Source: CRMLS Added to Database
January 08, 2026
1/8/2026Source: California Desert MLS Added to Database
January 08, 2026
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