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360-368 N Palm Canyon Dr
Palm Springs, CA 92262 Downtown Palm Springs

$4,350,000 USD

Restaurant For Sale • 14,000 SF

Property Details

Property Type Restaurant
Total Building Size 14,000 SF
Lot Size 0.51 AC
Building Class C
Year Built 1955
Cap Rate 7.43 %
Tenancy Multiple
Zoning C1AA

37 Transit Score

77 Walk Score

                
                    Highlights
                
                                Prime Downtown Location – Limited availability of assets along Palm Canyon Drive with strong investor demand
                            
                                Tourism-Driven Market – Coachella Valley region generates an estimated $9 billion in annual tourism revenue
                            
                                Versatile Income Mix – 9 apartment units and 2 ground-floor retail tenants (including Las Casuelas Mexican Food and Inca Peruvian).
                            
                                Immediate Proforma Cap Rate Possible of 6.53% (call broker for details)
                            
                                Growing Year-Round Economy – Palm Springs has evolved beyond a seasonal destination, supported by hospitality & entertainment
                            
                                PALM SPRINGS INTERNATIONAL AIRPORT - Minutes from Palm Springs International Airport (PSP), serving over 3 million annual passengers

Property Flyers

Updated OM - 360 N Palm Canyon - Palm Springs_ CA (12-8-2025)

Financial Summary (Proforma)

Net Operating Income: $323,421 USD (2025)

Cap Rate:	7.43 %
Total Expenses:	$81,595 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Group 360 Inc
Re Fresh Gallery
Three Sixty North, Lounge + Restaurant
Tony's Pasta Mia

Amenities

Restaurant

Public Transportation

Commuter Rail	Drive	Walk	Distance
	11 min	-	5.1 mi
Airport	Drive	Walk	Distance
Palm Springs International	10 min	-	4.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	25
Type:	Surface
Included in Rent:	Yes

Marvin Alverdin 714-804-5245 Prime Net Lease

360-368 N Palm Canyon Dr Palm Springs, CA 92262 Downtown Palm Springs