490 S Palm Canyon Dr
490 S Palm Canyon Dr, Palm Springs, CA
For Sale
Retail
Free Standing
$4,500,000
Price
22,845 sqft
Building Size
31,821 acres
Lot Area
Overview
Building Size
22,845 sqft
Lot Area
31,821 acres
Year Built
1959
Floors
1
Description
±22,845 SF HISTORIC MID-CENTURY FREESTANDING BUILDING
Located on the corner of S Palm Canyon Drive and Ramon Ave
Highlights
- Originally built and designed in 1959 for Saks Fifth Avenue, the property has unique and coveted history which is highly sought for Palm Springs buyers.
- Designed by Welton Becket, acclaimed architect of iconic properties including the Capital Records Tower, the Theme Building @ LAX, and the LA Music Forum.
- Mid-century modern architecture combined with its origins rooted in Palm Springs history.
- Its corner location provides visibility and extended frontage on Ramon.
- Existing domes slated for demolition and are currently being permitted through the City of Palm Springs.
- Neighboring properties include large original mid-century retail structures that have been restored and lend to the intersections appeal.
- Original Saks Fifth Avenue fixtures remain and add to the property's charm and authenticity.
- The valuable architectural features, such as living walls, fountains, and lava rock exterior, can be restored to enhance the property's appeal and create a distinctive atmosphere.
- The grand entry with the original wrought iron railing, staircase, and massive chandeliers adds to its appeal and character.
- The interior floor plan with the second floor open to the first floor offers a spacious and open layout, which is still utilized in Saks Fifth Avenue today.