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Billy Reed's Palm Springs 1800 N Palm Canyon Dr 13,102 SF Retail Building Palm Springs, CA 92262 $7,500,000 ($572.43/SF)
INVESTMENT HIGHLIGHTS
- Iconic 50-Year Brand - One of the most beloved and respected restaurants in the entire Coachella Valley.
- ±13,102 SF Building on ±1.92 Acres - Located Across from 400-Room Riviera Hotel.
- Scratch Kitchen + In-House Bakery - Famous pies, cakes, and desserts.
- Highly Profitable - Annual sales exceeding $7,000,000 with substantial upside.
- Breakfast - Lunch - Dinner - Anytime! Unique concept with massive customer loyalty.
- Major Value-Add Opportunities - Turnkey Operations - Seller Financing Available!
EXECUTIVE SUMMARY
INVESTMENT HIGHLIGHTS
» Iconic 50-Year Brand - One of the most beloved and respected restaurants in the entire Coachella Valley.
» Highly Profitable - Annual sales exceeding $7,000,000 with substantial upside.
» ±13,102 SF Building on ±1.92 Acres - Located Across from 400-Room Riviera Hotel.
» Breakfast - Lunch - Dinner - Anytime! Unique concept with massive customer loyalty.
» Scratch Kitchen + In-House Bakery - Famous pies, cakes, and desserts.
» Major Value-Add Opportunities - Extended hours, activate entertainment room, upgrade bar offerings, bakery retail, franchising potential, weddings & events, convert entertainment room to a speakeasy.
» Turnkey Operation - 63 outstanding employees, including 4 managers; exceptional long-term staff.
» 50-Year Retirement Sale - Fully documented recipes included.
» Seller Financing Available - Flexible Terms Offered.
» Palm Springs Growth Story - Airport + Convention Center expansions, Historic Plaza Theater reopening, Disney Cotino nearby, strong tourism growth.
PROPERTY FEATURES
» Beautifully maintained inside & out.
» Grand Porte-Cochere Entrance with koi & turtle pond and dramatic vestibule.
» Large, fully equipped scratch kitchen with baking facility.
» Spacious owner’s office with windows & views.
» Two-car private garage for ownership.
» Employee lounge, laundry room.
» Full FF&E Package included.
» Private dining room/entertainment room (currently unused).
» Large bar area with potential for a premier craft cocktail program.
» Designed for high-volume operations.
THE OPPORTUNITY
BILLY REED’S represents a once-in-a-generation chance to acquire:
» A powerful 50-year brand
» The real estate
» Proven high-volume operations
» A massive customer base
» A turnkey team
» Multiple clear value-add pathways
» Seller financing
» A prime Palm Springs location
» And a business that is TRULY LOVED by the community.
This OPPORTUNITY only EXISTS because the Owner is ready to retire!
Fifty years of history, goodwill, and documented recipes are ready for the next operator to build upon.
» Iconic 50-Year Brand - One of the most beloved and respected restaurants in the entire Coachella Valley.
» Highly Profitable - Annual sales exceeding $7,000,000 with substantial upside.
» ±13,102 SF Building on ±1.92 Acres - Located Across from 400-Room Riviera Hotel.
» Breakfast - Lunch - Dinner - Anytime! Unique concept with massive customer loyalty.
» Scratch Kitchen + In-House Bakery - Famous pies, cakes, and desserts.
» Major Value-Add Opportunities - Extended hours, activate entertainment room, upgrade bar offerings, bakery retail, franchising potential, weddings & events, convert entertainment room to a speakeasy.
» Turnkey Operation - 63 outstanding employees, including 4 managers; exceptional long-term staff.
» 50-Year Retirement Sale - Fully documented recipes included.
» Seller Financing Available - Flexible Terms Offered.
» Palm Springs Growth Story - Airport + Convention Center expansions, Historic Plaza Theater reopening, Disney Cotino nearby, strong tourism growth.
PROPERTY FEATURES
» Beautifully maintained inside & out.
» Grand Porte-Cochere Entrance with koi & turtle pond and dramatic vestibule.
» Large, fully equipped scratch kitchen with baking facility.
» Spacious owner’s office with windows & views.
» Two-car private garage for ownership.
» Employee lounge, laundry room.
» Full FF&E Package included.
» Private dining room/entertainment room (currently unused).
» Large bar area with potential for a premier craft cocktail program.
» Designed for high-volume operations.
THE OPPORTUNITY
BILLY REED’S represents a once-in-a-generation chance to acquire:
» A powerful 50-year brand
» The real estate
» Proven high-volume operations
» A massive customer base
» A turnkey team
» Multiple clear value-add pathways
» Seller financing
» A prime Palm Springs location
» And a business that is TRULY LOVED by the community.
This OPPORTUNITY only EXISTS because the Owner is ready to retire!
Fifty years of history, goodwill, and documented recipes are ready for the next operator to build upon.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
13,102 SF
Building Class
C
Year Built/Renovated
1974/1984
Price
$7,500,000
Price Per SF
$572.43
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.92 AC
Zoning
C1
Parking
60 Spaces (4.58 Spaces per 1,000 SF Leased)
Frontage
189’ on N Palm Canyon Dr
AMENITIES
- Pylon Sign
- Signage
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,232,410 | |
| Land Assessment | $1,147,124 | Total Assessment | $4,379,534 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,147,124
Improvements Assessment
$3,232,410
Total Assessment
$4,379,534
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Billy Reed's Palm Springs | 1800 N Palm Canyon Dr
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