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
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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
- Approx SqFt
- 7000
- SqFt Source
- Other
- Total SqFt Max
- 10000
- Total SqFt Min
- 9600
- Leasable SqFt
- 7000
- Lot Size Source
- Assessor
- Retail SqFt
- 7000
- Year Built
- 1981
- Cross Streets
- W Baristo Rd
Property Features
Business Type:
Arts and Entertainment; Hospitality; Retail; Specialty
Sale Type:
Standard
Financing:
Cash; Contract; Exchange Down; Exchange Up; New; Owner May Carry; Private Financing Available; Submit
Listing Terms:
All Inclusive Trust Deed; Exchange Down; Exchange Up; Fractional Interest; Owner May Carry; Standard Sale
Showing Access:
Video Available
Tenant Pays:
A/C; Electric; Gas/Heat; Janitor; Phone; Refuse Removal; Sewer; Water
Lot Features:
Corners Established; Landscaped; Level with Street; Lot 6500-9999 SqFt; Lot Level/Flat; Lot Shape - Rectangular; Near Public Transit; Sprinkler System
Asset Class:
Retail; Specialty
Road Surface Type:
Paved
Building Features:
Phone System; TV System
Exterior Features:
Misting System
Land Use:
Retail
Survey:
Buyer Pays
Exterior Construction:
Block; Brick; Combination; Composition; Concrete; Metal; Stucco; Vertical Siding; Wood
Heating:
Central; Forced Air; Natural Gas
Search Tags:
Mixed Use; Multi-Tenant; Office/Retail; Restaurant; Single Tenant; Special Use; Street Retail
Security Safety:
24 Hour; Carbon Monoxide Detector(s); Fire & Smoke Detection System
Roofing:
Fire Retardant; Metal
Water:
Fire Hydrant; In Street; Meter on Property; On Site
Utilities:
220V in Kitchen; Cable TV; Electricity Connected; Natural Gas Available; Phone Connected; Underground Utilities; Water Meter on Property
Electric:
Heavy
Disclosures:
Building Plans Available
Listing Location and Property Info
- APN
- 513154016
- Original List Price
- 4699995
- Property Sub-Type
- Retail
- Street #
- 266
- Street Direction
- S
- Street Name
- Palm Canyon
- Street Suffix
- Drive
- County
- Riverside
- State
- CA
- Zip Code
- 92262
- 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
- Building # of Stories
- 2
- Business Name
- The Village Pub
- # Buildings
- Yes
- Building Status
- Existing
More Information
Status Change Info
- Status Change Date
- 2026-01-29
Expenses
- Annual Insurance Expense
- 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
Listing Office:
Coldwell Banker Realty
Listing Agent:
Zoltan R Posa
Last Updated: September - 01 - 2026
Information deemed reliable but not guaranteed.


