369 N Palm Canyon Dr - Restaurant FOR SALE


Palm Springs, CA 92262- Downtown Palm Springs
$4,500,000 USD
760-333-7578
369 N Palm Canyon Dr, Palm Springs, CA for Sale
$4,500,000 USD
Restaurant - FOR SALE
1/68
null | Request Cap Rate

369 N Palm Canyon Dr
Palm Springs, CA 92262
Downtown Palm Springs


OVERVIEW

Excellent downtown Palm Springs location with off street parking. Across the street from the new Thompson Resort, this historic Restaurant and Bar Venue is available for Sale or Lease. Large Kitchen, multiple dining areas inside and out. Over 6,000 sf of space can be separated into 2 businesses, upstairs and downstairs. One of the largest outdoor patio spaces (additional 4,000 sf) with an iconic outdoor bar and swinging bench seats for dining and watching the tourists walk by. ADA elevator to the 2nd floor with a full bar, front deck, overlooking Palm Canyon and a rear open deck space with exceptional San Jacinto Mountain views overlooking the O'Donnell private Golf Course and Club. Large capacity walk-in refrigerators and freezer space. ADA restrooms and off-street parking. Also adjacent to another large public parking lot for additional guests. The 1940 property is currently on the Historic Register known as the General Telephone Building. As part of the Mills Act, the property taxes are significantly reduced to minimize CAM charges and Fees. Currently vacant, unlimited possibilities exist for a new owner-user and/or tenant. Rare opportunity to own or lease one of the largest downtown restaurant sites in Palm Springs.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Alibi

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1934

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

CBD, Palm Springs

APN/PARCEL ID

513-082-035

ASK ABOUT THIS PROPERTY

Scott TimberlakeRealty TrustMore Info
760-333-7578

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Scott TimberlakeRealty TrustMore Info
760-333-7578

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.