262 Palm Canyon Dr Palm Springs, CA 92262
- Turn key restaurants
- 11,246 SF
- 0.17 lot acres
Current Use by Public Records
- Sol Agave - Palm Springs / Mexican Restaurant
- Rooftop 262 Bar & Grill / Night Club
- bar 1 / Bar
- Broken Yolk Cafe Palm Springs / Breakfast Restaurant / Brunch Restaurant
Property Details for 262 Palm Canyon Dr
- Year built
- 1985
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property size
- 11,246 SF
- Zone code
- C1
- Property type
- Turn key restaurants
- APN
- 513-154-017
- APU
- 513154017
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,925,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,490,000
- 6.5%
- $4,645,000
- 7%
- $5,025,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,530,000
- Geo Method
- $4,905,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,045,000
- Retail
- $4,725,000
- Mixed-Use
- $4,230,000
- Hospitality
- $4,430,000
- Educational
- $5,425,000
- Residential Income
- $3,950,000
- Energy
- $4,795,000
- Income-Based Land
- $4,195,000
- Food Service
- $4,825,000
Location Insight
- Map
- Local Demand
- City
- Palm Springs
- County
- Riverside
- State
- California
- Longitude
- -116.546
- Latitude
- 33.8202
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
