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707 745 Palm Canyon Dr
For Sale $4,400,000
$4,400,000
- Units
- Unknown Sq Ft
- 31,363 Sq Ft
- Unknown Cap Rate
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $4,400,000 |
| Property Type | Other |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 38 spots |
| Year Built | 1962 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 505283007 |
| MLS # | 219141389PS |
| Property ID | 322511339 |
| Lot Sqft | 31,363 |
| Zoning | Unknown |
| Days on Market | 740,077 |
| Original List Price | $4,400,000 |
| Date Updated | February 13, 2026 |
| Date Created | November 30, -0001 |
| Cap Rate | 6.2% |
| Land Value Unit Type | SF |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Luca Volpe an agent of Realty Trust. Lic #02037333
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 13, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT