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$4,400,000

707 745 Palm Canyon Drive

Palm Springs, CA 92262

Active

1962

Year Built

Riverside

County

CommercialSale

Property Type

About this home

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.

Listed by Luca Volpe · DRE #02037333 · Realty Trust
MLS #1182381290
ListedAug 17, 2026

Property Details

Architecture

Stories1
StyleN/A
Total UnitsN/A
RoofFlat
Garage SpacesN/A
PoolN/A
SpaN/A

Features & Amenities

Interior FeaturesN/A
Exterior FeaturesN/A
FlooringN/A
CoolingN/A
HeatingCentral, Forced Air
FireplaceN/A
LaundryN/A
Parking FeaturesN/A
Parking Total38
Patio & PorchN/A
Entry LevelN/A
Entry LocationN/A
Common WallsN/A

Property Features

Lot Size0.72 ac
Lot FeaturesCorner Lot
ViewN/A
DirectionsIn the heart of Uptown Palm Springs. Property located on the west side of Palm Canyon Dr at the corner of W Merito Place, just south of Tamarisk Road.

Community

Area332 - Central Palm Springs
School DistrictN/A

Tax & Financial

TermsCash, Conventional
Land LeaseN/A
HOA NameN/A
HOA FeeN/A

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Mortgage Estimate

$23,419/mo

20% down · 7% APR · 30-yr fixed

Estimate only. Does not include taxes, insurance, or HOA.

CRMLSLast updated: October 21, 2026 at 5:30 PM

The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. All listing data, including but not limited to square footage and lot size, is believed to be accurate but is not guaranteed by the listing Agent, listing Broker, or CRMLS. Buyers are responsible for verifying the accuracy of all information and should independently investigate the data or retain appropriate professionals prior to making any decisions. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information herein may or may not have been the Listing and/or Selling Agent. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.