Skip To Content

266 S Palm Canyon Drive

Palm Springs, CA 92262
  • $5,500,000
  • STATUS: Active
  • ON SITE: 109 Days
  • MLS #: 219091024
UPDATED: 51 min ago
$5,500,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1981
County:

School Ratings & Info

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.

Monthly Payment Calculator

©2023 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Glaab and Associates | Bennion Deville Homes. Based on information from the California Desert Association of Realtors as of 2023-06-07T13:36:27.06. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.janiceglaab.com/homes/137073480
Print Image

266 S Palm Canyon Drive Palm Springs, CA 92262

  • Price: $5,500,000
  • Status: Active
  • On Site: 109 Days
  • Updated: 51 min ago
  • MLS #: 219091024
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1981
Built
Neighborhood:
332 - Palm Springs Central
County:
Riverside
Area:
332 - Palm Springs Central
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.
Exterior Features

Lot Features Alley Paved Total Parking Spaces 0.00

Interior Features

Heating Type CentralForced AirZoned

Property Features

Building Name The Village Building Status Existing Business Info Financing Available No Business Info Investment Property Yes Electric Heavy Financing Details CashContractConventionalExchange DownExchange Up Land Use Retail Listing Terms CashContractConventionalExchange DownExchange UpStandard Sale Ownership Type Llc Property Sub Type Business Sale Type Standard Security Safety 24 HourCarbon Monoxide Detector(S)Exterior Security LightsFire & Smoke Detection SystemFire SprinklersSmoke Detector Utilities 220V in KitchenElectricity ConnectedNatural Gas AvailablePhone ConnectedWater Meter On Property Water Meter On PropertyOn SiteWater District

Listing information © 2023 California Desert Association of Realtors.
Listing provided courtesy of Zoltan Posa of Coldwell Banker Realty: (714) 348-2350.
©2023 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Glaab and Associates | Bennion Deville Homes. Based on information from the California Desert Association of Realtors as of 2023-06-07T13:36:27.06. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
https://bt-photos.global.ssl.fastly.net/damls/orig_boomver_1_219091024-2.jpg https://bt-photos.global.ssl.fastly.net/damls/orig_boomver_1_219091024-2.jpg https://bt-photos.global.ssl.fastly.net/damls/orig_boomver_1_219091024-2.jpg
Logo
Glaab and Associates | Bennion Deville Homes
44530 San Pablo, Suite 101
Palm Desert CA, 92260