About 266 Palm Canyon Drive
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 LocationLocated 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.
266 Palm Canyon Drive is a Commercial Sale property for sale. This Commercial Sale property is on Fee land and the current price is $4,699,995. This property has 0 bedrooms and 0.00 bathrooms and it was built in 1981. 332 - Central Palm Springs property has been listed on www.geoffreymoore.com for 253 days.
Features of 266 Palm Canyon Drive
| MLS® # | 219142335PS |
|---|---|
| Price | $4,699,995 |
| Bathrooms | 0.00 |
| Acres | 0.17 |
| Year Built | 1981 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 266 Palm Canyon Drive |
|---|---|
| Area | 332 - Central Palm Springs |
| City | Palm Springs |
| County | Riverside |
| Zip Code | 92262 |
Amenities
| Utilities | Electricity Connected, Natural Gas Available, Phone Connected, Underground Utilities |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central, Forced Air, Natural Gas |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | Rectangular Lot, Landscaped, Near Public Transit, Sprinkler System, Street Level |
|---|---|
| Roof | Fire Proof, Metal |
Additional Information
| Date Listed | January 23rd, 2026 |
|---|---|
| Days on Market | 253 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Land Type | Fee |
Listing Details
| Agent | Zoltan Posa |
|---|---|
| Office | Coldwell Banker Realty |