Millman Team Real Estate

$11,000,000
3.35 Acre Lot

600 750 Tahquitz Canyon Way, Palm Springs, California 92262

  • Commercial Sale Property Type
  • 1973 Year Built
Property 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.

Basic Details
Commercial Sale
For Sale
219143989PS
$11,000,000
1973
3.35 Acre
Active
: Tile, Composition, Foam
Features
: Central, Forced Air
: None
: Electricity Connected, Underground Utilities, Phone Connected
$0
Address Map
CA
Riverside
Palm Springs
92262
Tahquitz Canyon
600 750
Way
W117° 27' 31.8''
N33° 49' 24.7''
From Downtown Palm Springs, head east on E Tahquitz Canyon Way. Property will be located on the northeast side of the street, at the S Calle El Segundo intersection.
332 - Central Palm Springs
Additional Information
$0
$0
$0
$0
$0
Multi-Tenant
: Front Yard, Sprinkler System, Landscaped, Corner Lot, Lawn, Sprinklers Timer, Near Public Transit, Sprinklers In Rear, Sprinklers In Front, Desert Front, Sprinklers On Side
14
2026-02-28
1
: Public
Broker/Agent Information
Realty Trust
Scott Timberlake
Listing Information
Daniel Abello
PS02206276
PS8642
Realty Trust
PS49164
PS8642
Cash, Conventional
Active
2026-06-12T17:06:16Z
CRMLS
: Standard
2026-02-27T22:00:00Z
Agent info
Ray Millman
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