$4,400,000
FOR SALEActive707 745 Palm Canyon Drive
Palm Springs CA 92262
N/A
SF
Commercial
Type
1962
Built
N/A
Cost/SF
Listing Agent
Mike Kassinger
DRE #: 01213797
Brokerage: Realty Trust
Land Details
Location Analysis
About This Property
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.
Property Information
Property Overview
Commercial
Property Type
Active
Status
0.72 acres
Lot Size
6.20%
Cap Rate
1,962
Year Built
1
Stories
38
Parking Total
Property Highlights
N/A Property
Prime Location with High Visibility
6.2% Cap Rate
Location Analysis
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
6.20%
Cap Rate
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Sold $990,000SOLD2,494 SF•Retail311 N Indian Canyon DriveSold Apr 2026KELLER WILLIAMS REALTY | DRE #01498790Buyer's agent: Michael Meade, Meade Commercial Inc. | DRE #01480973
- Sold $915,000SOLD530 Industrial PlaceSold Mar 2026Realty Trust | DRE #01257645Buyer's agent: Sandra Quinn, Realty Trust | DRE #01391280
Sold $750,000SOLD63 738 Orr WaySold Dec 2025Coldwell Banker Realty | DRE #02082120
Sold $4,300,000SOLD960 Palm Canyon DriveSold Dec 2025Compass | DRE #02074886Buyer's agent: Scott Ehrens, Compass | DRE #02074886
Sold $1,050,000SOLD2,579 SF•Mixed Use407 N Palm CanyonSold Nov 2025PLATINUM STAR PROPERTIES | DRE #02207471Buyer's agent: Jody Katz, Estates & Trusts Realty, Inc | DRE #02013896
Sold $1,500,000SOLD695 Williams RoadSold Aug 2025MBR & Associates | DRE #01864020Buyer's agent: SANDY JOHNSTON, SANDY JOHNSTON BROKER | DRE #01199991
Closed commercial sales reported, newest first.
CRMLS
MLS# 219151511PS
Listed:
Nalren refreshed:
Last updated
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Listed by: Realty Trust
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.