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. After 27 year, 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 within place leased at $28,000 a month or $305,999.00 annually @ a 6.00 Cap Rate. Sale Price: The building is offered at $5,099,995.
This property can also be purchased as a syndication for multiple 1031 buyers, TIC.
This trophy property can be purchased with tenant in place with a 10 year lease with two, five year options.
Please contact listing agent Zoltan Posa for all financials.
Link for Matterport 3D Walkthrough. https://my.matterport.com/show/?m=CW3MiKXccb2&mls=1