262 Palm Canyon Dr Palm Springs, CA 92262

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.