266 S Palm Canyon Drive, Palm Springs, CA 92262 (MLS# 219142335)

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.