266 S Palm Canyon Drive, Palm Springs, CA 92262
$4,699,995
Property Type:
Commercial Sale
Square Footage:
7,000
Status:
Active
Current Price:
$4,699,995
List Date:
1/30/2026
Last Modified:
9/01/2026
Overview
Description
...
(Read more)
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 Location
Located 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: $29,400 per month ($352,800 annually!)
Cap Rate: 6.26%
Annual Lease Increases of 5% will be a 10.4 cap by year 9!
These favorable financial metrics offer a solid return on investment, with built-in growth potential from annual rent escalations.
Listing Details MLS# 219142335
General Property Information
- Living Area
- 7000
- BuildingAreaSource
- Other
- Total SqFt Max
- 10000
- Total SqFt Min
- 9600
- Lot Size Area
- 7405
- Leasable SqFt
- 7000
- Lot Size Source
- Assessor
- Retail SqFt
- 7000
- Year Built
- 1981
- CrossStreet
- W Baristo Rd
Property Features
Business Type:
Arts and Entertainment; Hospitality
Sale Type:
Standard
Financing:
New
Listing Terms:
All Inclusive Trust Deed; Exchange Down; Exchange Up; Fractional Interest; Owner May Carry; Standard Sale
Showing Access:
Video Available
Tenant Pays:
Sewer; Water
Lot Features:
Corners Established; Level with Street; Lot 6500-9999 SqFt; Lot Shape - Rectangular
Asset Class:
Retail; Specialty
Building Features:
Phone System; TV System
Land Use:
Retail
Survey:
Buyer Pays
Exterior Construction:
Block; Brick; Combination; Concrete; Stucco; Vertical Siding; Wood
Heating:
Central; Forced Air
Search Tags:
Multi-Tenant; Restaurant; Single Tenant; Special Use; Street Retail
Security Safety:
24 Hour; Carbon Monoxide Detector(s)
Roofing:
Fire Retardant; Metal
Water:
Fire Hydrant; In Street; Meter on Property
Utilities:
220V in Kitchen; Cable TV; Underground Utilities; Water Meter on Property
Electric:
Heavy
Disclosures:
Building Plans Available
Listing Location and Property Info
- Parcel Number
- 513154016
- Listing Contract Date
- 2026-01-23
- Original List Price
- 4699995
- Property Sub Type
- Retail
- Street #
- 266
- Street Direction Prefix
- S
- Street Name
- Palm Canyon
- Street Suffix
- Drive
- County
- Riverside
- State
- CA
- Postal Code
- 92262
- MLS Area
- 332 - Palm Springs Central
- Country
- US
Listing Info
- Accounting Type
- Actual
- Ownership Type
- LLC
Tax Info
- Property Tax Expense
- 15300
Property Info
- Entry Floor Number
- Yes
- Business Name
- The Village Pub
- # Buildings
- Yes
- Building Status
- Existing
- Building # of Stories
- 2
More Information
Status Change Info
- StatusChangeDate
- 2026-01-29
Expenses
- Insurance
- 16000
Income
- Gross Monthly
- 29400
Business Info
- Financing Available
- Yes
- Investment Property
- Yes
- Lease Type
- Gross
- Total Tenants
- Yes
Water
- Water District Name
- Palm Springs Water District
- On Site
- Yes
Tenant Pays
- A/C
- Yes
- Electric
- Yes
- Gas/Heat
- Yes
- Phone
- Yes
Utilities
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Phone Connected
- Yes
Road Surface Type
- Paved
- Yes
Financing
- Contract
- Yes
Lot Features
- Landscaped
- Yes
- Lot Level/Flat
- Yes
- Near Public Transit
- Yes
- Sprinkler System
- Yes
Exterior Features
- Misting System
- Yes
Heating
- Natural Gas
- Yes
Search Tags
- Mixed Use
- Yes
- Office/Retail
- Yes
Security Safety
- Fire & Smoke Detection System
- Yes
Listing Office:
Coldwell Banker Realty
Listing Agent:
Zoltan R Posa
Last Updated: September - 01 - 2026
Information deemed reliable but not guaranteed.


