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

    266 S Palm Canyon Drive, 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.
    View details
    See hot listings in Palm Springs

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Based on your search, we've compiled 8 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

    Opportunities in Nearby Cities

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

    Remodeled Single-Tenant Restaurant
    Remodeled Single-Tenant Restaurant

    390 E Hospitality Ln, San Bernardino, CA 92408

    $5,999,000
    10,171 sqft

    Full-service premises include a bar, commercial kitchen, ADA access, HVAC, and indoor-outdoor dining areas.

    View details
    Restored Shopping Center With Food Hall
    Restored Shopping Center With Food Hall

    1700 N El Camino Real, San Clemente, CA 92672

    Contact for pricing
    21,020 sqft

    Food hall setting with two bars and shared gathering areas supports a multi-concept dining experience.

    View details
    Restaurant Building with Commercial Kitchen
    Restaurant Building with Commercial Kitchen

    127 E Highland Avenue, San Bernardino, CA 92404

    $1,100,000

    Bar and dining area includes booth seating, multiple TVs, and stainless-steel kitchen equipment.

    View details
    Restaurant and Event Space
    Restaurant and Event Space

    2016 S El Camino Real, San Clemente, CA 92672

    Contact for pricing
    4,900 sqft

    Restaurant space includes a bar and dedicated event area.

    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

    Estimated value: by Request
    View details
    166 Palm Cyn Dr
    NIGHTCLUB (COCKTAIL LOUNGE)

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

    Estimated value:
    $290,000
    View details
    238 Palm Cyn Dr
    NIGHTCLUB (COCKTAIL LOUNGE)

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

    Estimated value: 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.

    Sale prices for pubs in Palm Springs, CA average $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 5
    Bars & Pubs 2

    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)

    How Realmo verifies these figures

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    Featured Palm Springs Real Estate Agencies

    Realmo connects you with licensed Palm Springs CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    HomeSmart Professionals
    431 S. Palm Canyon Drive Palm Springs, CA 92262
    Phone: 17608447500
    www.HSprofessionals.com
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