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Property profile & analytics
OFF-MARKET Estimated value $4,940,000
Turn key restaurants

262 Palm Cyn Dr Palm Springs, CA 92262-6312

11,246 SF 0.17 ac lot Built 1985
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-2891830
Property summary
AI-generated overview

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 profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1985
Construction WOOD
Total area 11,246 SF
Lot 0.17 ac (7,405 SF)
Zoning code C1
APN 513-154-017
UPID US09-2891830
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sol Agave - Palm Springs Restaurant
  • Rooftop 262 Bar & Grill Nightclub DJ & Entertainment
  • bar 1 Bar & Pub
  • Broken Yolk Cafe Palm Springs Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.84M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.94M
Owner & transaction history
Jump Management Co LLC · 4 yrs held
Jump Management Co LLC
since 2022
Last sale
$5.0M
7 recorded transactions
2023
Price N/A
2023
Price N/A
2022
Price N/A
2022
$5.0M
2012
Price N/A
1993
$139,500
1992
Price N/A
Zoning & alternative use
C1 · Palm Springs, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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