Description

Kaptur Plaza has become an Iconic Palm Springs landmark, restored completely in 2018 including all mechanicals, plumbing, electric and new roofs. A featured destination on the Historic Register for award winning design and architecture by renowned Mid-Century architect, Hugh Kaptur. Mills act in place reducing the annual property taxes significantly. 2 parcels with approx. 32,000 sf of interior space and 145,926 sf of FEE SIMPLE land in the heart of downtown Palm Springs. Thes prime 3.35 Acres of Fee Simple land strategically located in Section 14 has an exceptional land value along the Tahquitz Corridor. Zoning allows mixed uses: office, retail and, Medical. Featured Tenants include Koffi (their #1 Store / Location in the Valley!), Revive Wellness, V Wine Lounge and on-site professional property management by Realty Trust, Asset Management, a leader in Real Estate sales and commercial leasing. Fully leased, constantly high occupancy rates and diversified uses offering / including Executive Suites with receptionist and shared amenities. New Construction planned to start in 2027 behind Kaptur Plaza by Nexus Development. This exceptional development will greatly enhance the location with high rise condominiums, and a Luxury Hotel (see attachment). Please do not disturb our tenants. Financials available to pre-qualified buyers.