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RESTAURANT/ ASSET SALE
Restaurant/Asset Sale | 6,226 SF
Listing Contacts
License: CA 01462012
Active
Asking Price: $599,000
Address
262 S Palm Canyon Dr, Palm Springs, CA 92262
Show on MapDate Added
May 20, 2024
Days on Market
298 days
Time Since Last Update
92 days
Details
Property TypeBusiness for Sale
SubtypeBusiness Only, Asset Sale
ClassA
Lease TypeNNN
TenancyMulti
Lease Term9 years
Lease Commencement10/12/2022
Lease Expiration10/11/2031
Remaining Term6.6 years
Square Footage6,226
Units1
Lease Optionsone 10-year
OwnershipFee
Marketing Description
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Newly improved and upgraded restaurant $700,000 in upgrades completed in 2022 by existing tenant.
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All furniture, fixtures, and equipment included in purchase.
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Quality steel frame constructed building with outstanding signage.
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Type 47 full liquor licenses included in purchase, has a value of $100,000.
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$50 million plus in food and beverage sales within this amazing block of downtown Palm Springs.
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Mid-block signalized pedestrian only crosswalk connects the subject property to numerous bars/restaurants across the street.
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Highest foot traffic location in the entire Coachella Valley.
Investment Highlights
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Located On World Famous South Palm Canyon Drive In Downtown Palm Springs
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Fully Built Out and Newly Improved
Valuation Calculator
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Loan Amount
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Cap Rate
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ROI
Property History
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Due Diligence
Listing Contacts
- License: CA 01462012
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