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$ 4,500,000
Est. payment | /mo
0.52 Acres Lot
$ 4,500,000
Est. payment | /mo
0.52 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 219153989PS
HOA Y/N No
Year Built 1960
Lot Size 0.520 Acres
Property Description
Recently repositioned at $4.5 million, the Inn at Palm Springs presents a compelling opportunity to acquire an operating boutique hotel on fee simple land in Palm Springs. Currently configured with 22 furnished guest accommodations and offers significant potential for a new owner to optimize operations and revenue. Prominently located along N Palm Canyon Drive, the property features a heated pool and outdoor gathering areas, gated grounds, 22 onsite parking spaces, EV charging, lobby and reception area, dedicated laundry and storage facilities, and approximately 1,500 SF of flexible lower level space. A Type 70 liquor license is to convey with the sale, subject to applicable transfer requirements. Recent capital improvements and property refreshes have been completed throughout. Fee simple ownership with no land lease. Buyer to independently verify permitted room count, licensing, use and development potential. Contact listing broker for offering materials and additional information.
Location
State CA
County Riverside
Area 331 - North End Palm Springs
Zoning C-1/C-P
Interior
Inclusions Real property, Seller-owned furnishings, fixtures and equipment used in hotel operations. Type 70 liquor license to convey with sale, subject to transfer requirements. Personal property and inventory per purchase agreement.
Fireplace No
Laundry Inside
Exterior
Total Parking Spaces 22
Others
Tax ID 504073001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Paul Kurdian Lucent Real Estate Inc. #01878788
Nearby Locations