471 S Indian Canyon Dr

471 S Indian Canyon Dr, Palm Springs, CA 92262

Property Information

  • For Sale $2,450,000
  • Property Type Retail - Restaurant
  • Property Size 4,503 SF
  • Lot Size 0.52 Acre
  • Year Built 1993
  • Date Updated May 18, 2026

Description

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Highlights

  • Affluent Trade Area – Average household income within 3 miles exceeds $100,000.
  • Exceptional Reuse Opportunity – Ideal for restaurant, retail, or service use in one of Southern California’s most desirable resort destinations.
  • Former IHOP Restaurant – Freestanding ±4,503 SF building with prominent signage and ample on-site parking.
  • High-Traffic Corridor – Strong daily traffic counts exceeding 20,000 vehicles per day.
  • Premier Downtown Palm Springs Location – Situated along South Indian Canyon Drive, one of Palm Springs’ main commercial arteries offering excellent visibility and accessibility.
  • Supply-Constrained Submarket – Limited available retail inventory and strong tenant demand reinforce long-term market stability.
  • Tourism-Driven Market – Palm Springs welcomes millions of visitors annually, supporting consistent retail and restaurant demand.
  • Vibrant Retail & Hospitality Node – Surrounded by major national and regional tenants including Starbucks, BevMo!, Sherwin-Williams, Hyatt Palm Springs, and Lulu California Bistro.

Contacts

Matthew Dobson

Arbor Realty Capital Advisors

Location

Contact Listing Broker
Matthew Dobson

Arbor Realty Capital Advisors

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