66
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$1,200,000
Est. payment /mo
0.4 Acres Lot
New
664 Palm Canyon DR Palm Springs, CA 92262
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 219133742PS
HOA Y/N No
Year Built 1960
Lot Size 0.400 Acres
Property Description
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!
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Interior
Inclusions FF&E List to be provided by Seller within 5 days of an accepted offer.
Fireplace No
Others
Tax ID 505303012
Listed by Luca Volpe Luca Realty Trust, Inc.
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