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262 S Palm Canyon Dr 11,842 SF 47% Leased Retail Building Palm Springs, CA 92262 $8,950,000 ($755.78/SF)
Executive Summary
• 3% annual rent increases and 5% percentage rent with artificial break point for existing tenant.
• Mid-block signalized pedestrian only crosswalk connects the subject property to numerous bars/restaurants across the street.
• $50 million plus in food and beverage sales within this amazing block of downtown Palm Springs.
• Quality steel frame constructed building with outstanding signage.
• Highest foot traffic location in the entire Coachella Valley.
• Over 7 years initial lease term remaining for existing tenant.
• Extensive restaurant fixtures, furniture and equipment in vacant ground floor space.
• $1,000,000 interior building upgrades completed in 2022 in the vacant ground floor space.
• Contiguous to 4 story City parking structure with free parking and deeded building signage for both tenants of the subject building facing Indian Canyon Drive.
• Large highly sought after patio space.
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 262 Roof Top Bar
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 262 Roof Top Bar | Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
All furniture, fixtures, & equipment and Type 47 full liquor license available separately. Quality steel frame constructed building with outstanding signage. Mid-block signalized pedestrian only crosswalk connects the subject property to numerous bars/restaurants across the street. Highest foot traffic location in the entire Coachella Valley. Over $50 million annually in F&B sales reported to the IRS in this block alone. Mid-block signalized pedestrian only crosswalk connects the subject property to numerous bars/restaurants across the street.
| Space | Size | Space Use | Position | Available |
| 100 | 6,226 SF | Restaurant | - | Now |
100
| Size |
| 6,226 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
100
| Size | 6,226 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
All furniture, fixtures, & equipment and Type 47 full liquor license available separately. Quality steel frame constructed building with outstanding signage. Mid-block signalized pedestrian only crosswalk connects the subject property to numerous bars/restaurants across the street. Highest foot traffic location in the entire Coachella Valley. Over $50 million annually in F&B sales reported to the IRS in this block alone. Mid-block signalized pedestrian only crosswalk connects the subject property to numerous bars/restaurants across the street.
Nearby Major Retailers
Property Taxes
| Parcel Number | 513-154-017 | Improvements Assessment | $4,775,436 |
| Land Assessment | $530,604 | Total Assessment | $5,306,040 |
Property Taxes
Presented by
262 S Palm Canyon Dr
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