CA > Palm Springs
Palm Springs, CA 92262,960 N Palm Canyon DR
Palm Springs, CA 92262,960 N Palm Canyon DR
Palm Springs, CA 92262,960 N Palm Canyon DR
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$4,900,000
Est. payment /mo
12,202 SqFt
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Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 12,202 sqft

Price per Sqft $401

MLS Listing ID 219133565

HOA Y/N No

Year Built 1951

Lot Size 1.190 Acres

Property Sub-Type Hotel/Motel

Property Description

Presenting a rare opportunity to own a piece of Palm Springs history: one of its most iconic hotel properties, ideally situated on bustling Palm Canyon Drive in the heart of downtown. Nestled amongst vibrant restaurants, retail shops, and nightlife, this 1.19-acre property borders the prestigious Old Las Palmas and Movie Colony neighborhoods. Currently operating as a clothing-optional men's resort, the property is zoned R-3 Multi-Family Residential and Hotel, offering diverse possibilities for future development. Built in 1951 as the La Fonda Hotel, the property features 32 guest rooms ranging from 300-400 square feet, eight of which include full kitchens. All rooms offer picturesque views of either the surrounding mountains or the expansive pool area. Amenities include a welcoming lobby, business center, large resort-style pool and spa, on-site laundry, playroom, steam room, and sauna. A significant undeveloped portion of land (approximately 9,000 sq ft) at the southeast corner presents exciting potential for expansion or new construction. While the location is undeniably prime and the original architecture is iconic, the property is in need of updating. Buyers are advised to conduct their own due diligence.

Location

State CA

County Riverside

Area 332 - Palm Springs Central

Others

Special Listing Condition Standard

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Listed by Compass
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"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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