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±6,388 SF Restaurant Space 369 N Palm Canyon Dr
6,388 SF of Retail Space Available in Palm Springs, CA 92262
Highlights
- High Ceilings
- 16 Private Parking Spaces
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,388 SF | Negotiable | $41.40 /SF/YR $3.45 /SF/MO $264,463 /YR $22,039 /MO | Triple Net (NNN) |
1st Floor
Exceptional Downtown location with a large outdoor patio and bar. One of the most iconic restaurants in Palm Springs. Off-street parking, elevator service to second floor with another seating area, bar and view deck. Exceptional entertainment venue. Rare opportunity to make this the home for your business. Minimum 5-year lease, renewal options considered. Renovated inside and out in 2021. New Business license, certificate of occupancy and potential other City & County required documents and inspections may be required to open. Grease Trap on site.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Central Air Conditioning
- Kitchen
- Private Restrooms
- High Ceilings
- Wheelchair Accessible
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 369 N Palm Canyon Dr , Palm Springs, CA 92262
| Property Type | Retail | Year Built/Renovated | 1934/2018 |
| Property Subtype | Restaurant | Parking Ratio | 1.47/1,000 SF |
| Gross Leasable Area | 10,900 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 10,900 SF |
| Year Built/Renovated | 1934/2018 |
| Parking Ratio | 1.47/1,000 SF |
About the Property
Coldwell Banker Commercial Lyle & Associates is pleased to present an exceptional leasing opportunity in the heart of downtown Palm Springs. This prime property, previously home to one of the city’s most iconic restaurants, offers approximately 6,388 square feet of total leasable space, which can be leased individually or as a whole. The first-floor space encompasses an estimated 4,888 square feet, while the second floor offers an additional 1,500 square feet. The first-floor space features a fully equipped kitchen, walk-in freezer and cooler, two luxurious restrooms, a spacious dining area, green room/private corridor, and a large outdoor patio with a standalone bar. The second-floor space includes a central bar area, front patio, two private restrooms, wash area, storage room, view deck, private stairway entrance, elevator access, and a dumbwaiter connecting to the first-floor kitchen. This property was fully renovated in 2021, and remains in excellent condition. It has not been in operation since the pandemic closure in 2020. A minimum 5-year lease term is required, with renewal options available. Please note that a new business license, certificate of occupancy, and any additional City and County-required permits or inspections may be necessary to open. Grease Trap on site.
- Restaurant
- Wheelchair Accessible
- Air Conditioning
Nearby Major Retailers
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±6,388 SF Restaurant Space | 369 N Palm Canyon Dr
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