266 Palm Canyon Drive

Downtown Palm Springs, Palm Springs, CA 92262

$5,500,000
Commercial / Office

AGENTS

Rachelle Rosten
Rachelle Rosten
  • Licensed Real Estate Salesperson
  • DRE #: 01255977
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Property Description

Sale Price: The building is offered at $5,500,000 and the business is offered at $1,600,000. The Village is a legendary and iconic establishment. The Village opened in 1996 to be a fun, exciting establishment with an international spin, offering great food, riveting entertainment, and dancing till 2 am, 7 nights a week. This filled a niche that was missing at the time in Palm Springs - for a place where one could eat, drink and dance till 2 am 7 days a week. Today, The Village continues to be the leading edge, thanks to its progressive management and its ability to adapt and evolve. Serving restaurant, bar, and nightclub patronage, events, private parties, bridal parties, and city events.This property is also available for sale with with business in place leased at $28,000 a month or $336,000.00 annually @ a 6.109 Cap Rate.
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PROPERTY DETAILS

  • Exterior
    .17 Acres
  • Property Type
    Commercial / Office
  • Year Built
    1981
  • MLS/Listing ID
    219091024PS
  • Days On Market
    114
Listing Courtesy of Coldwell Banker Realty, Listing Agents Zoltan Posa - CA DRE Lic. #01207667 - (760) 485-0051 and James Bianco - CA DRE Lic. #01954998 - (760) 808-0650