This extraordinary Hotel &' Resort presents an unparalleled investment opportunity, has 31 licenses with 28 operating rooms in which the business benefits from a steady stream of travelers. Large 1.72 acre owned Fee Simple property on an extended lot is one of the largest available development lots in the City of Palm Springs. The hotel is located within 10 minutes to downtown with great potential for a conversion to a high ADR Boutique Hotel in addition to the already consistent revenue growth over the past several years. The hotel renovation has recently completed, fully renovated, permitted owners unit (Conversion of 5 rentable hotel rooms to a single owners residence) with separate private entrance and an approximately 500 sq.ft. operation managers unit. The permitted new roof with warranty, mini splits and water heaters have all been replaced within the last few years. All property tours must be arranged through the selling agent on Tuesdays or Wednesdays only. Please DO NOT CONTACT PROPERTY Owners OR EMPLOYEES! For more information and to sign the Confidentiality Agreement, please contact (949) 289 – 6900 or [email protected]
Property Details
Price:
$6,800,000
MLS #:
NDP2400129
Status:
No Longer Available
Baths:
0
Address:
535 S Warm Sands Drive
Type:
Residential Income
City:
Palm Springs
Listed Date:
Jan 3, 2024
State:
CA
ZIP:
92264
Lot Size:
74,923 sqft / 1.72 acres (approx)
Year Built:
1949
Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
31.00
Lot Features
31-35 Units/ Acre
Pool Features
In Ground
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Association Fee
0.00
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Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Palm Springs, Coachella Valley, and High Desert. Detailed information about real estate listings held by brokerage firms other than Leaskou Partners, Inc include the name of the listing broker. Neither the listing company nor Leaskou Partners, Inc shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Palm Springs, Coachella Valley, and High Desert. All rights reserved.
535 S Warm Sands Drive
Palm Springs, CA
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