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262 Palm Canyon Dr Palm Springs, CA 92262

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For Sale
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Prime Location, High Sales, Turnkey Operation

Property size:
6,226 SF

Property Features for 262 Palm Canyon Dr

General Information

Property type
Investment properties
Square Feet
6,226 SF
Class
A

Building Details

Units
1

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Listing Contact
Arley Ryan
Arley Ryan

Listing Agency: Coldwell Banker Commercial Lyle & Associates Listing Agent: Arley Ryan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional restaurant asset sale presents a unique opportunity in the heart of Palm Springs, California. Located on the world-famous South Palm Canyon Drive, this 6,226 square foot, Class A establishment boasts a prime location with the highest foot traffic in the Coachella Valley. A mid-block, signalized pedestrian crosswalk enhances accessibility, connecting the property to numerous neighboring bars and restaurants. The building, constructed with a quality steel frame, features outstanding signage. The sale includes all furniture, fixtures, and equipment, along with a valuable Type 47 full liquor license (estimated $100,000 value). Significant recent improvements totaling $700,000 were completed in 2022 by the existing tenant. The property benefits from a strong sales history, exceeding $50 million in food and beverage sales within the immediate area. The current lease is a NNN, multi-tenant agreement with 6.9 years remaining (through October 11, 2031), with a 10-year renewal option. This turnkey operation is ideally suited for an experienced restaurateur seeking a high-volume, established business in a vibrant and desirable location. The asking price is $599,000. This is a fee simple ownership opportunity.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Sol Agave - Palm ... Restaurant Rooftop 262 Bar ... Nightclub bar 1 Bar & Pub Broken Yolk Cafe ... Restaurant

Suggested Use

Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Palm Springs
County
Riverside
State
California
Longitude
-116.54678842568
Latitude
33.820194600092

FAQs

What type of property is this?
Investment property - Prime Location, High Sales, Turnkey Operation
Where is this investment property located?
The property is located at 262 Palm Canyon Dr Palm Springs, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime Palm Springs location on South Palm Canyon Drive.; 6,226 SF Class A restaurant with high foot traffic.; NNN lease with 6.9 years remaining and a 10-year renewal option.
(760) 772-6400 Call to check price and availability
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