This is an unparalleled opportunity to own an iconic, trophy building situated in the vibrant heart of downtown Palm Springs. The Village, a legendary and thriving establishment, has been a cornerstone of the city’s dynamic entertainment scene since its inception in 1996. Conceived as a high-energy venue with an international flair, The Village filled a unique niche by offering a seamless blend of dining, entertainment, and nightlife–serving great food, providing captivating entertainment, and hosting dancing until 2 a.m., seven nights a week.Over the years, The Village has maintained its status as a cutting-edge destination, continuously adapting and evolving under progressive management. Today, it remains a premier venue catering to a diverse clientele for dining, drinks, and dancing.Prime Downtown LocationLocated in the bustling heart of downtown Palm Springs, this property benefits from unparalleled visibility and foot traffic, making it a prime location for business success. Surrounded by popular tourist attractions, luxury hotels, and renowned shopping and dining venues, The Village enjoys a constant flow of visitors and locals alike.The property is currently occupied with a successful business in place, generating reliable rental income:Lease Income: $28,000 per month ($336,000 annually)Cap Rate: 6%Annual Increases: 5%These favorable financial metrics offer a solid return on investment, with built-in growth potential from annual rent escalations.
Property Details
Price:
$5,099,995
MLS #:
219122310PS
Status:
Active
Baths:
0
Address:
266 Palm Canyon Drive
Type:
Commercial
City:
Palm Springs
Listed Date:
Jan 9, 2025
State:
CA
ZIP:
92262
Year Built:
1981
Schools
Interior
Heating
Central, Natural Gas, Forced Air
Exterior
Roof
Metal, Fire Retardant
Security Features
24 Hour Security, Fire and Smoke Detection System, Carbon Monoxide Detector(s)
Stories Total
2
Financial
Utilities
Phone Connected, Underground Utilities, Natural Gas Available, Electricity Connected
Map
Community
- Address266 Palm Canyon Drive Palm Springs CA
- BuildingThe Village Pub
- CityPalm Springs
- CountyRiverside
- Zip Code92262
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266 Palm Canyon Drive
Palm Springs, CA
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