For Sale
$599,000

262 Palm Canyon DrPalm Springs, CA 92262

Prime Location, High Sales, Turnkey Operation

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • 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.
  • Includes FF&E and valuable Type 47 liquor license (approx. $100,000 value).
  • $700,000 in recent improvements (2022).
  • Asking price: $599,000.

Property Details for 262 Palm Canyon Dr

Property type
Square Feet
6,226 SF
Class
A
Units
1

Location Insight

City
Palm Springs
County
Riverside
State
California
Latitude
33.820194600092
Longitude
-116.54678842568
262 Palm Canyon Dr, Palm Springs, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
262 Palm Canyon Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message