1800 N Palm Canyon Dr - Restaurant FOR SALE


Palm Springs, CA 92262- Racquet Club West
$7,500,000 USD
760-578-9927
1800 N Palm Canyon Dr, Palm Springs, CA for Sale
$7,500,000 USD
Restaurant - FOR SALE
1/34
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1800 N Palm Canyon Dr
Palm Springs, CA 92262
Racquet Club West


HIGHLIGHTS

  • Iconic 50-Year Brand - One of the most beloved and respected restaurants in the entire Coachella Valley.
  • Highly Profitable - Annual sales exceeding $7,000,000 with substantial upside.
  • ±13,102 SF Building on ±1.92 Acres - Located Across from 400-Room Riviera Hotel.
  • Breakfast - Lunch - Dinner - Anytime! Unique concept with massive customer loyalty.
  • Scratch Kitchen + In-House Bakery - Famous pies, cakes, and desserts.
  • Major Value-Add Opportunities - Turnkey Operations - Seller Financing Available!

OVERVIEW

INVESTMENT HIGHLIGHTS » Iconic 50-Year Brand - One of the most beloved and respected restaurants in the entire Coachella Valley. » Highly Profitable - Annual sales exceeding $7,000,000 with substantial upside. » ±13,102 SF Building on ±1.92 Acres - Located Across from 400-Room Riviera Hotel. » Breakfast - Lunch - Dinner - Anytime! Unique concept with massive customer loyalty. » Scratch Kitchen + In-House Bakery - Famous pies, cakes, and desserts. » Major Value-Add Opportunities - Extended hours, activate entertainment room, upgrade bar offerings, bakery retail, franchising potential, weddings & events, convert entertainment room to a speakeasy. » Turnkey Operation - 63 outstanding employees, including 4 managers; exceptional long-term staff. » 50-Year Retirement Sale - Fully documented recipes included. » Seller Financing Available - Flexible Terms Offered. » Palm Springs Growth Story - Airport + Convention Center expansions, Historic Plaza Theater reopening, Disney Cotino nearby, strong tourism growth. PROPERTY FEATURES » Beautifully maintained inside & out. » Grand Porte-Cochere Entrance with koi & turtle pond and dramatic vestibule. » Large, fully equipped scratch kitchen with baking facility. » Spacious owner’s office with windows & views. » Two-car private garage for ownership. » Employee lounge, laundry room. » Full FF&E Package included. » Private dining room/entertainment room (currently unused). » Large bar area with potential for a premier craft cocktail program. » Designed for high-volume operations. THE OPPORTUNITY BILLY REED’S represents a once-in-a-generation chance to acquire: » A powerful 50-year brand » The real estate » Proven high-volume operations » A massive customer base » A turnkey team » Multiple clear value-add pathways » Seller financing » A prime Palm Springs location » And a business that is TRULY LOVED by the community. This OPPORTUNITY only EXISTS because the Owner is ready to retire! Fifty years of history, goodwill, and documented recipes are ready for the next operator to build upon.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$485 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Billy Reed's Palm Springs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

C1

APN/PARCEL ID

504-320-017,504-320-021

ASK ABOUT THIS PROPERTY

Steve LyleColdwell Banker Commercial Lyle & AssociatesMore Info
760-578-9927

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Steve LyleColdwell Banker Commercial Lyle & AssociatesMore Info
760-578-9927

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