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    Iconic Palm Springs Entertainment Venue
    Updated: Apr 24
    Iconic Palm Springs Entertainment Venue

    266 Palm Canyon Dr, Palm Springs, CA 92262

    $4,699,995
    Prime downtown Palm Springs location with high visibility and foot traffic.
    Established, iconic venue with a long history of success since 1996.
    Currently leased with a successful business in place, generating $29,400 monthly rental income ($352,800 annually).
    Attractive 6.26% cap rate, offering a solid return on investment.
    Annual lease increases of 5%, projecting a 10.4% cap rate by year 9.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 1 Active listings in Palm Springs, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    San Bernardino Investment Opportunity
    San Bernardino Investment Opportunity

    127 W 40th St, San Bernardino, CA 92407

    $2,250,000
    9,350 sqft 0.62 AC lot

    Tenant-occupied sports bar on a large lot for sale.

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    Renovated Bar & Grill Building
    Renovated Bar & Grill Building

    31502 Riverside, Lake Elsinore, CA 92530

    $1,759,000

    Freestanding bar and grill building renovated in 2022 with a covered patio and CP zoning.

    View details
    Tenant-Occupied Sports Bar Restaurant
    Tenant-Occupied Sports Bar Restaurant

    127 W 40th Street, San Bernardino, CA 92407

    $2,250,000

    Leased sports bar and restaurant building on a large lot with parking, suited for buyers seeking income-producing operations.

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    Freestanding Restaurant and Bar
    Freestanding Restaurant and Bar

    31502 Riverside, Lake Elsinore, CA 92530

    $379,000
    2,776 sqft

    Freestanding 1982 restaurant and bar renovated in 2022, with covered patio, liquor license, and in-house entertainment setup.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Rural Land Parcel
    Commercial Rural Land Parcel

    1153 Belfield Boulevard, Landers, CA 92285

    $295,000

    Commercial rural zoned land with a water meter and electric at the street, suitable for a range of site-planned uses.

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    Commercial Land Parcel
    Commercial Land Parcel

    1153 Belfield Boulevard, Landers, CA 92285

    $295,000
    5.88 AC lot

    Commercial-zoned acreage available for development in Landers, California.

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    Commercial Land Near Integratron
    Commercial Land Near Integratron

    Landers, CA 92285

    $149,000
    2.58 AC lot

    2.58 acres of commercial land near popular tourist attractions.

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    Commercial Land Parcel
    Commercial Land Parcel

    1155 Belfield Boulevard, Landers, CA 92285

    $149,000
    2.58 AC lot

    Zoned Com land opportunity with 2.58 acres at 1155 Belfield Boulevard in Landers, CA 92285.

    View details

    Off-Market Properties in Palm Springs, CA

    Consider similar Off-Market properties in Palm Springs, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    600 Sunny Dunes Rd
    NIGHTCLUB (COCKTAIL LOUNGE)

    600 Sunny Dunes Rd, Palm Springs, CA 92264-8192

    Value Estimation by Request
    View details
    166 Palm Cyn Dr
    NIGHTCLUB (COCKTAIL LOUNGE)

    166 Palm Cyn Dr, Palm Springs, CA 92262-5504

    Value Estimation by Request
    View details
    238 Palm Cyn Dr
    NIGHTCLUB (COCKTAIL LOUNGE)

    238 Palm Cyn Dr, Palm Springs, CA 92262-5510

    Value Estimation by Request
    View details

    Palm Springs, CA Bars & Pubs Market Trends and Statistics

    Explore 4 bars & pubs for sale in Palm Springs, CA on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $4,699,995.

    Sale prices for pubs in Palm Springs, CA start at $4,699,995, averaging $4,699,995, and reaching up to $4,699,995 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 7
    Bars & Pubs 1
    Coffee shops 1
    Drive through restaurants 1

    Demographics Overview

    Population 46K
    Population Growth (5Y) -3.4%
    Median Household Income $72,583
    College Educated 32.1%

    High-Yield Neighborhoods for Investment

    Identify Palm Springs submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    92262 $4.7M

    Taxes & Financing

    Tax Rate (average for all types) 1.39%
    Property Tax per SF $15.19 per SF
    Tax Rate vs County Average 0.20 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Riverside County

    New Delisted

    Total CRE Inventory on Market (SF)

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