Property Detail

266 Palm Canyon

Palm Springs CA 92262

$5,500,000

Status: Active

Property Details

Description

Sale Price: The building is offered at $5,500,000 and the business is offered at $1,600,000. The Village is a legendary and iconic establishment. The Village opened in 1996 to be a fun, exciting establishment with an international spin, offering great food, riveting entertainment, and dancing till 2 am, 7 nights a week. This filled a niche that was missing at the time in Palm Springs - for a place where one could eat, drink and dance till 2 am 7 days a week. Today, The Village continues to be the leading edge, thanks to its progressive management and its ability to adapt and evolve. Serving restaurant, bar, and nightclub patronage, events, private parties, bridal parties, and city events.This property is also available for sale with with business in place leased at $28,000 a month or $336,000.00 annually @ a 6.109 Cap Rate.

Map Location

Listing provided courtesy of Zoltan Posa of Coldwell Banker Realty. Last updated 2023-03-24 08:56:28.000000. Listing information © 2023 CRMLS.

John Collins

John Collins

DRE# 01948188
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