Iconic Palm Springs Entertainment
For Sale
$4,699,995
266 Palm Canyon Drive, Palm Springs, CA 92262
Prime downtown location with reliable rental income.
Property SizeContact for details
Days on Market245
Property Features for 266 Palm Canyon Drive
General Information
Standard status
Active
Property subtype
General Commercial
Amenities
3
Carbon Monoxide Detector
Metal
Rectangular
Public Transport, Rectangular.
Building Details
Year Built
1981
Listing Agency:
Coldwell Banker Realty
(714) 348-2350
Listed By:
Zoltan Posa · License #01954998
Source:
Xome
Added: Dec 24, 2025
Changed: Aug 25
Last Checked: Aug 26 at 5:49AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
2,215
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92262, CA
26,593
Population
19,940
Households
1.3
Avg Household Size
54
Median Age
42%
College-Educated
93%
High-School Grad
35.1 sq mi
ZIP Area
758
Density / Sq Mi
$70,514
Median Household Income
$42,940
Median Earnings
$1,420
Median Rent
$600,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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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 Drive 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).
