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    Palm Springs, CA Restaurants for Sale

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    East Palm Canyon Redevelopment Opportunity
    Updated: Mar 5
    East Palm Canyon Redevelopment Opportunity

    1201, 1243, 1269 East Palm Canyon Drive, Palm Springs, CA 92264

    $12,475,000
    4,375 sqft 1.34 AC lot
    Prime location in the highly desirable East Palm Canyon Corridor, between the Ace Hotel and the Saguaro Hotel.
    Redevelopment opportunity with a new 99‑year ground lease term starting May 1, 2024.
    Portfolio includes a 143‑room hotel and two restaurant properties.
    Total land area of ±6.99 acres across three parcels.
    Located in a wind‑free area of Palm Springs.
    View details
    Palm Springs Restaurant Investment Opportunity
    Updated: Jan 23
    Palm Springs Restaurant Investment Opportunity

    450 S Palm Canyon Dr, Palm Springs, CA 92262

    Contact for pricing
    10,490 sqft 0.80 AC lot
    Premier downtown Palm Springs location on South Palm Canyon Drive.
    Multi‑tenant NNN restaurant investment providing passive income.
    Attractive 6.27% cap rate and $294,624 NOI.
    Longstanding, proven tenancy anchored by Johnny Costa’s Ristorante.
    Substantially renovated in 2022 with modernized improvements and outdoor patio.
    View details
    Iconic Palm Springs Entertainment Venue
    Iconic Palm Springs Entertainment Venue

    266 S Palm Canyon Drive, Palm Springs, CA 92262

    $4,699,995

    Prime downtown location with reliable rental income.

    View details
    See hot listings in Palm Springs

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Mixed-Use Property with Dual Architecture
    Mixed-Use Property with Dual Architecture

    668 Palm Canyon Dr, Palm Springs, CA 92262

    $4,395,000

    Fully leased commercial property combines retail, office, and restaurant space with tenant-only parking in Palm Springs.

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    Prime Palm Springs Investment Opportunity
    Prime Palm Springs Investment Opportunity

    664 668 Palm Canyon Drive, Palm Springs, CA 92262

    $4,395,000

    100% leased property in Palm Springs' historic Uptown District.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 5 Active listings in Palm Springs, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Freestanding Restaurant in La Quinta Cove
    Freestanding Restaurant in La Quinta Cove

    78085 Avenida La Fonda, La Quinta, CA 92253

    $4,900,000
    8,000 sqft

    Iconic ±8,000 SF restaurant in a desirable dining district.

    View details
    La Quinta Development Opportunity
    La Quinta Development Opportunity

    78085 Avenida La Fonda, La Quinta, CA 92253

    $7,000,000
    9,500 sqft 0.17 AC lot

    Prime La Quinta location with development potential.

    View details
    Anchored Shopping Center Opportunity
    Anchored Shopping Center Opportunity

    73625 Highway 111, Palm Desert, CA 92260

    Contact for pricing
    21,783 sqft

    Shopping center anchored by Keedy's Diner, with multiple smaller tenants in place along Highway 111.

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    New Denny's Restaurant For Sale
    New Denny's Restaurant For Sale

    42455 WASHINGTON ST, Palm Desert, CA 92211

    Contact for pricing
    4,500 sqft

    Recently constructed Denny's restaurant property available for purchase.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Mixed-Use Commercial Land
    Mixed-Use Commercial Land

    16 Mihalyo Road, Cathedral City, CA 92240

    $1,288,000
    5.00 AC lot

    Flat, rectangular parcel carries MU-U mixed-use urban commercial zoning.

    View details
    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    70265 Hwy 111, Rancho Mirage, CA 92270

    $3,600,000
    4.72 AC lot

    C-G-zoned commercial land with finished frontage along Highway 111.

    View details
    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    70265 Hwy 111, Rancho Mirage, CA 92270

    $3,600,000

    C-G zoning and finished frontage support a range of commercial development possibilities.

    View details
    C2 Commercial Land
    C2 Commercial Land

    66079 Pierson, Desert Hot Springs, CA 92240

    $129,000
    0.60 AC lot

    Commercial land along Pierson with C2 zoning in Desert Hot Springs.

    View details

    Off-Market Properties in Palm Springs, CA

    Consider similar Off-Market properties in Palm Springs, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    471 Indian Cyn Dr
    RESTAURANT

    471 Indian Cyn Dr, Palm Springs, CA 92262-7828

    Estimated value: by Request
    4,600 sqft 0.52 AC lot
    View details
    1180 Palm Cyn Dr
    RESTAURANT

    1180 Palm Cyn Dr, Palm Springs, CA 92264-8334

    Estimated value:
    $1,355,000
    3,447 sqft 0.72 AC lot
    View details
    2591 Tahquitz Cyn Way
    DRIVE-THRU RESTAURANT, FAST FOOD

    2591 Tahquitz Cyn Way, Palm Springs, CA 92262-7013

    Estimated value:
    $13,055,000
    0.82 AC lot
    View details
    419 Palm Cyn Dr
    RESTAURANT

    419 Palm Cyn Dr, Palm Springs, CA 92262-5602

    Estimated value:
    $925,000
    2,691 sqft 0.15 AC lot
    View details
    238 Palm Cyn Dr
    RESTAURANT

    238 Palm Cyn Dr, Palm Springs, CA 92262-5510

    Estimated value:
    $2,500,000
    3,163 sqft 0.17 AC lot
    View details
    725 Palm Cyn Dr
    RESTAURANT

    725 Palm Cyn Dr, Palm Springs, CA 92264-8126

    Estimated value:
    $605,000
    3,470 sqft 0.97 AC lot
    View details
    1501 Palm Cyn Dr
    RESTAURANT

    1501 Palm Cyn Dr, Palm Springs, CA 92262-4409

    Estimated value:
    $2,700,000
    4,278 sqft 0.75 AC lot
    View details
    205 Palm Cyn Dr
    RESTAURANT

    205 Palm Cyn Dr, Palm Springs, CA 92262-6310

    Estimated value:
    $790,000
    7,424 sqft 0.61 AC lot
    View details
    849 Palm Cyn Dr
    RESTAURANT

    849 Palm Cyn Dr, Palm Springs, CA 92262-4423

    Estimated value:
    $2,080,000
    8,054 sqft 0.55 AC lot
    View details
    1201 Palm Cyn Dr
    RESTAURANT

    1201 Palm Cyn Dr, Palm Springs, CA 92262-4403

    Estimated value:
    $230,000
    3,456 sqft 0.92 AC lot
    View details
    2665 Palm Cyn Dr
    RESTAURANT

    2665 Palm Cyn Dr, Palm Springs, CA 92264-4827

    Estimated value:
    $1,385,000
    7,027 sqft 0.99 AC lot
    View details
    2080 Palm Cyn Dr
    RESTAURANT

    2080 Palm Cyn Dr, Palm Springs, CA 92262-2922

    Estimated value:
    $2,855,000
    6,747 sqft 1.24 AC lot
    View details
    102 Sunrise Way
    DRIVE-THRU RESTAURANT, FAST FOOD

    102 Sunrise Way, Palm Springs, CA 92262-5202

    Estimated value:
    $1,670,000
    2,769 sqft 0.56 AC lot
    View details
    340 Palm Cyn Dr
    RESTAURANT

    340 Palm Cyn Dr, Palm Springs, CA 92262-5642

    Estimated value:
    $415,000
    6,879 sqft 0.17 AC lot
    View details
    262 Palm Cyn Dr
    RESTAURANT

    262 Palm Cyn Dr, Palm Springs, CA 92262-6312

    Estimated value:
    $4,925,000
    11,246 sqft 0.17 AC lot
    View details
    124 Palm Cyn Dr
    RESTAURANT

    124 Palm Cyn Dr, Palm Springs, CA 92262-6330

    Estimated value:
    $180,000
    2,354 sqft 0.03 AC lot
    View details
    369 Palm Cyn Dr
    RESTAURANT

    369 Palm Cyn Dr, Palm Springs, CA 92262-5601

    Estimated value:
    $2,955,000
    6,388 sqft 0.45 AC lot
    View details
    311 Indian Cyn Dr
    RESTAURANT

    311 Indian Cyn Dr, Palm Springs, CA 92262-6015

    Estimated value:
    $300,000
    2,494 sqft 0.33 AC lot
    View details
    295 Indian Cyn Dr
    RESTAURANT

    295 Indian Cyn Dr, Palm Springs, CA 92262-6424

    Estimated value:
    $185,000
    2,580 sqft 0.11 AC lot
    View details

    Palm Springs, CA Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Palm Springs, CA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 14,865 square feet of properties for sale, with an estimated market value of $25,964,995.

    Sale prices for restaurant properties in Palm Springs, CA start at $4,395,000, averaging $6,491,248, and reaching up to $12,475,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 5
    Bars & Pubs 2

    Demographics Overview

    Population 46K
    Population Growth (5Y) -3.4%
    Median Household Income $72,583
    College Educated 32.1%

    High-Yield Neighborhoods for Investment

    Identify Palm Springs submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    92262 $4.5M
    92264 $12.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.39%
    Property Tax per SF $15.19 per SF
    Tax Rate vs County Average 0.20 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Riverside County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Palm Springs, CA

    • 92262
    • 92264

    Featured Palm Springs Real Estate Agencies

    Realmo connects you with licensed Palm Springs CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    HomeSmart Professionals
    431 S. Palm Canyon Drive Palm Springs, CA 92262
    Phone: 17608447500
    www.HSprofessionals.com
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