Listing provided courtesy of Coldwell Banker Realty- MLS# 219142335
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266 S Palm Canyon DrivePalm Springs, CA 92262
Commercial · 7,000 Sq. ft.$4,699,995
Active
266 S Palm Canyon Drive Overview
- Time on Site:
- 151 days
- Visits:
- 0
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.
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266 S Palm Canyon Drive Facts & Features
- Type Commercial
- Sq. ft. 7,000
- Price/Sq.ft. $671
Details
General
Income/Expenses
- Insurance Expense: 16000.0
Building Information
- Building Name: The Village Pub
- Year Built: 1981
Business Information
- Business Name: The Village Pub
- Business Type: Specialty,Retail,Hospitality,Arts and Entertainment
Location/Region
- Country: US
- County Or Parish: Riverside
- MLS Area Major: 332 - Palm Springs Central
Rent/Lease Information
- Tenant Pays: A/C,Electric,Gas/Heat,Janitor,Phone,Refuse Removal,Sewer
General Information
- Disclosures: Building Plans Available
- Listing Terms: All Inclusive Trust Deed,Fractional Interest,Owner May Carry
- Parcel Number: 513154016
- Property Sub Type: Retail
- Property Type: Commercial Sale
- Special Listing Conditions: Standard
Interior
Building Interior
- Building Area Source: Other
- Building Area Total: 7000.0
General Information
- Building Features: Phone System,TV System
- Leasable Area: 7000.0
- Living Area: 7000.0
- Security Features: 24 Hour Security,Fire Alarm
- Stories Total: 2
Exterior
Lot Information
- Lot Features: Corners Marked,Landscaped,Rectangular Lot
- Lot Size Area: 7405.0
- Lot Size Source: Assessor
- Number Of Buildings: 1
- Water Source: In Street,Fire Hydrant,Meter on Property,On Site
Building Exterior/Construction
- Construction Materials: Metal,Brick,Block,Stucco
- Roof: Fire Retardant,Metal
General Information
- Exterior Features: Misting System
- Utilities: Natural Gas Available,Phone Connected,Underground Utilities,Electricity Connected
266 S Palm Canyon Drive Neighborhood
Palm Springs, California, Community Guide | Bennion Deville Homes
Nestled at the base of the San Jacinto Mountains, the beautiful desert resort city of Palm Springs, California, is an international destination for outdoor sport enthusiasts, Mid-Century architecture admirers, and fans of the glamour of Golden Era Hollywood. Palm Springs is located approximately 110 miles southeast of Los Angeles and 140 miles northeast of San Diego, making it an ideal distance for Southern California residents to escape for a quick getaway weekend or the perfect locale for a second home. Search Palm Springs homes for sale.
Community
92262 (Palm Springs) Demographics
53
Median Age
775
Population Density (per sq. mile)
48%
College Educated
$55,757
Estimated Median Income
8,518
Estimated Total Home Owners
5,359
Estimated Total Renters
61% / 39%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.266 S Palm Canyon Drive Monthly Cost
266 S Palm Canyon Drive Market Data
Based on the last 30 days in this zip code
$1,100,247
Average List Price
$617
Average Price per Square Foot
107
Properties Sold
98
Average Days on Market
1,171
Properties for Sale
266 S Palm Canyon Drive History
| Date | Value | Agent |
|---|---|---|
| 1/29/2026Source: California Desert MLS | January 29, 2026 |