Coldwell Banker Commercial Lyle & Associates Closes $14.05M Sale of Downtown Palm Springs Retail Property
Sale reflects continued investor demand for well-located “Main & Main” retail corner
PALM SPRINGS, CA – Coldwell Banker Commercial Lyle & Associates recently closed on the Liebling Building, a 24,014-square-foot multi-tenant retail property at 100 N. Palm Canyon Drive in Palm Springs, California. The property sold for $14,050,000 on August 17, 2026.
The building sits at the northeast corner of North Palm Canyon Drive and Tahquitz Canyon Way, an intersection locally known as “Main & Main,” surrounded by retailers including Faherty, Tommy Bahama, and West Elm, and steps from The Plaza Theatre and hotels including The Rowan and Hyatt Palm Springs. The property’s prime downtown location and retail visibility contributed to strong investor interest in the sale.
Coldwell Banker Commercial Lyle & Associates represented both the buyer and the seller, with brokers Steve Lyle and Rob Wenthold leading the transaction.
The sale further reflects the strength of the downtown Palm Springs retail corridor, where consistent tenant demand continues to drive competitive investment activity.
For more information about this transaction, contact Steve Lyle at stevelyle@cbclyle.net and Rob Wenthold at rwenthold@cbclyle.net.
About Coldwell Banker Commercial
Coldwell Banker Commercial a trusted leader in commercial real estate, delivering expert solutions across office, retail, industrial, and multifamily properties globally. Serving owners and occupiers with specialized leasing, acquisition, and disposition services, Coldwell Banker Commercial brings over a century of proven expertise to every transaction. Founded in 1906 in San Francisco, the company has grown to include a network of 182 independently owned and operated affiliates as well as owned brokerage and 3,330 professionals. Ranked No. 1 in local market presence and expertise according to CRE professionals, the company spans 50 countries, offering clients personalized, results-driven services tailored to meet diverse real estate needs. Trailblazers in the industry, Coldwell Banker Commercial boasts a long-standing reputation for dedication, integrity, and transparency while continuing to rank among the Top 15 commercial real estate brands in the U.S. based on sales volume. Coldwell Banker Commercial is a part of Compass International Holdings (NYSE: COMP), a global real estate services company with a presence in every major U.S. city and in approximately 120 countries and territories. For more information, visit cbcworldwide.com.
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