664 Palm Canyon Drive N, Palm Springs, CA

$1,200,000

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4,900

Square feet

About 664 Palm Canyon Drive N

BUSINESS SALE. A cornerstone of hospitality in Palm Springs, Jake's figures prominently in the restaurant landscape of Palm Springs, located in a highly desirable part of Palm Canyon Drive in a thriving Uptown Design District with excellent foot-traffic and street frontage. Having recently undergone a major expansion, Jake's now features a series of contemporary dining rooms housed in an attractive historical Spanish style structure at the heart of which is a shimmering courtyard and attached lanai. For nearly two decades, Jake's has been a go-to for al fresco upscale American fare and is recognized annually by Open Table as one of the top 100 Al Fresco Dining Spots in the USA. With nearly a half million in recent upgrades, Jake's now benefits from: a host stand and charming new lobby, expanded front patio, new dining rooms with of-the-moment design, a significantly expanded kitchen, an additional restroom, and upgraded design finishes in the bar and restaurant-wide. Jakes's has an overall capacity of 142 seats, and enjoys a consistent year-on-year growth in business. Open for lunch, dinner, and brunch, diners come to Jake's again and again to experience inventive cuisine and hip ambiance. Together with the newly opened Thompson Hotel and upscale shopping destination, Jake's is at the center of all that is the new Palm Springs vibe. Revenue growth is clear and is a not to be missed opportunity for a new owner who will also benefit from an included 47 liquor license. Do NOT disturb Jake's staff. Shown by appointment only!

Features of 664 Palm Canyon Drive N

MLS® # 219133742
Price $1,200,000
Square Footage 4,900
Year Built 1960
Type Business Opportunity
Sub-Type Combo - Res & Com
Status Active

Community Information

Address 664 Palm Canyon Drive N
Area 332 - Palm Springs Central
City Palm Springs
County Riverside
State CA
Zip Code 92262

Amenities

Parking On Street
Has Pool No

Interior

Heating Central, Forced Air
Fireplace No

Exterior

Exterior Lighting
Lot Description 17424
Roof Flat, Tile

Additional Information

Days on Market 4
Short Sale No
RE / Bank Owned No

Listing Details

AgentLuca Volpe
OfficeRealty Trust

Listing Map

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