Palm Springs Restaurant
262 S Palm Canyon Drive Suite 100 Palm Springs, CA 92262
262 S Palm Canyon Drive Suite 100, Palm Springs, CA, 92262
$7,895,000
For Sale
$7,895,000
Restaurant space on South Palm Canyon Drive with high foot traffic.
Days on Market135
Property Features for 262 S Palm Canyon Drive Suite 100
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 1985
Listing Agency
Coldwell Banker Commercial Lyle & Associates
(760) 774-6533
Listed by
Michael Lyle · License #CalDRE #02002995
Source
Cbclyle
Added: Mar 5 Checked: Jul 17 at 7:13 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Lyle & Associates
Investment Insights
Based on property information with market context.
Located on South Palm Canyon Drive in downtown Palm Springs, this property benefits from high foot traffic. A mid-block signalized pedestrian crosswalk connects the property to bars and restaurants across the street. The building is of steel frame construction and features signage. The location experiences substantial food and beverage sales. The property includes a large patio space. Interior building upgrades were completed in 2022 in the vacant ground floor space. The property is contiguous to a four-story city parking structure with free parking and deeded building signage facing Indian Canyon Drive. There is an existing tenant with over 7 years remaining on the initial lease term. The existing tenant has 3% annual rent increases and 5% percentage rent with an artificial break point. The vacant ground floor space contains restaurant fixtures, furniture, and equipment.
Key Highlights
- Located on South Palm Canyon Drive in Downtown Palm Springs with the highest foot traffic in the Coachella Valley.
- $1,000,000 in interior building upgrades completed in 2022 in the vacant ground floor space.
- Over 7 years initial lease term remaining for existing tenant with 3% annual rent increases and 5% percentage rent.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sol Agave - Palm ...
Restaurant
Rooftop 262 Bar ...
Nightclub
bar 1
Bar & Pub
Broken Yolk Cafe ...
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Savoury's Good Earth Cuisine, Inc. Full Service Catering — 277 n avenida caballeros, palm springs, ca 92262
- Knife + Fork — Palm Springs, CA 92262
- Savoury's — 277 N Avenida Caballeros, Palm Springs, CA 92262
- Lulu California Bistro — 200 S Palm Canyon Dr, Palm Springs, CA 92262
- Crayons Catering — 308 N Indian Canyon Dr, Palm Springs, CA 92262
FAQs
What type of property is this?
Restaurant - Restaurant space on South Palm Canyon Drive with high foot traffic.
Where is this restaurant located?
The property is located at 262 S Palm Canyon Drive Suite 100 Palm Springs, CA.
What is the asking price?
The asking price for this property is $7,895,000.
What are key features of this property?
This property features: Located on South Palm Canyon Drive in Downtown Palm Springs with the highest foot traffic in the Coachella Valley.; $1,000,000 in interior building upgrades completed in 2022 in the vacant ground floor space.; Over 7 years initial lease term remaining for existing tenant with 3% annual rent increases and 5% percentage rent.
