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    262 Palm Canyon Dr Palm Springs, CA 92262

    Sponsored
    For Lease
    $42 SF/Yr

    Prime Retail, 6,226 SF Available

    Lot size:
    11,882 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,226 square foot restaurant space is located in a Class B, two-story building totaling 11,882 square feet. Situated in Riverside County, near Baristo Road, this property boasts a prime location in the Coachella Valley, known for its exceptionally high foot traffic. The building itself is of quality steel-frame construction and offers outstanding signage opportunities. A significant advantage is the mid-block, signalized pedestrian crosswalk directly connecting the property to a vibrant cluster of bars and restaurants across the street, maximizing pedestrian access and visibility. This area generates over $50 million in annual food and beverage sales, as reported to the IRS, underscoring its exceptional commercial viability. The property is currently configured as a multi-tenant space, with a minimum divisible unit of 6,226 square feet. All furniture, fixtures, equipment, and a Type 47 full liquor license are available for separate purchase at $599,000, presenting a turnkey opportunity for a discerning buyer. This is a rare chance to acquire a high-performing retail space in one of the most desirable locations in the Coachella Valley.

    Property Features for 262 Palm Canyon Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,882 SF
    Class
    B
    Total Rate
    41587

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Suite 100
    Size
    6,226 SF
    Rate per SF
    $42

    HighLights

    • Retail space, 6,226 sq. ft. available.
    • 11,882 total sq. ft., multi‑tenant building.
    • Class B, two‑story building.
    • Located in Riverside County, near Baristo Road.
    • High foot traffic, prime Coachella Valley location.
    • Over $50M in annual F&B sales reported within the immediate area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sol Agave - Palm ... Mexican Restaurant Rooftop 262 Bar ... Night Club bar 1 Bar Broken Yolk Cafe ... Breakfast Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.54678725564
    Latitude
    33.820110095116

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail, 6,226 SF Available
    Where is this restaurant located?
    The property is located at 262 Palm Canyon Dr Palm Springs, CA.
    What is the lease rate?
    The lease rate is $42 SF/Yr.
    What are key features of this property?
    This property features: Retail space, 6,226 sq. ft. available.; 11,882 total sq. ft., multi-tenant building.; Class B, two-story building.
    Request Owner's contact information
    262 Palm Canyon Dr Palm Springs, CA 92262
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    Palm Springs, CA 92262
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    262 Palm Canyon Dr Palm Springs, CA 92262
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