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$4,699,995

266 Palm Canyon Drive

Palm Springs, CA 92262

Active

1981

Year Built

Riverside

County

CommercialSale

Property Type

About this home

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.

Listed by Zoltan Posa · DRE #01207667 · Coldwell Banker Realty

MLS #1151879754

ListedJan 23, 2026

Property Details

Architecture

Stories2

StyleN/A

Total UnitsN/A

RoofFire Proof, Metal

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingCentral, Forced Air, Natural Gas

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking Total0

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.17 ac

Lot FeaturesLandscaped, Near Public Transit, Rectangular Lot, Sprinkler System, Street Level

ViewN/A

DirectionsFrom central downtown Palm Springs continue south on Palm Canyon Dr. Building can't be missed with the Village Pub signs. Just before Baristo.

Community

Area332 - Central Palm Springs

School DistrictN/A

Tax & Financial

TermsOwner May Carry

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

Request a Tour

Mortgage Estimate

$25,015/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 7:45 PM

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