Iconic Palm Springs Entertainment
266 Palm Canyon Dr Palm Springs, CA 92262
For Sale
$4,699,995
Prime downtown location with reliable rental income.
Days on Market98
Property Features for 266 Palm Canyon Dr
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1981
Listing Agency:
Coldwell Banker Realty
(760) 808-0650
Listed By:
James Bianco · License #01954998
(760) 808-0650
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 1:13PM
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 Realty
Investment Insights
Based on property information with market context.
This property presents an opportunity to own a building in downtown Palm Springs. The Village, established in 1996, has been a part of the city's entertainment scene. It was designed as a high-energy venue, offering dining, entertainment, and nightlife, with food service, entertainment, and dancing until 2 a.m. seven nights a week. The Village has adapted under management and remains a venue for dining, drinks, and dancing. The property benefits from visibility and foot traffic in downtown Palm Springs. It is located near tourist attractions, hotels, and shopping and dining venues. The property is currently occupied by a business, generating a lease income of $29,400 per month, or $352,800 annually, with a cap rate of 6.26%. Annual lease increases of 5% will result in a 10.4 cap by year 9. The bike score is 74, indicating it is very bikeable. The walk score is 54, indicating it is somewhat walkable. The transit score is 33, indicating some transit is available.
Key Highlights
- 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).
Property Analytics
Property Profile
Location Intelligence
Current Use
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Prime downtown location with reliable rental income.
Where is this bar & pub located?
The property is located at 266 Palm Canyon Dr Palm Springs, CA.
What is the asking price?
The asking price for this property is $4,699,995.
What are key features of this property?
This property features: 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).
