$3,500,000
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5,606 SqFt
SOLD DATE : 06/30/2023
Key Details
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 5,606 sqft
Price per Sqft $552
MLS Listing ID 219089772
Sold Date 06/30/23
HOA Y/N No
Year Built 1950
Lot Size 0.440 Acres
Property Sub-Type Hotel-Motel
Property Description
Great opportunity to acquire a profitable charming desert oasis with manicured grounds, 0.44AC of Fee simple land located in the heart of Warm Sands. This hotel features 12 rooms, picturesque panoramic views, 5,606sf building with 200 sf frontage, featuring great visibility. Consistently high CAP Rate and Occupancy. The size of the land with access on three sides, the gorgeous mountain views, the expansive pool & spa, sauna, steam-room and massage-cabana are just some of the amenities that showcase this property's potential. Desert Paradise Resort is one of the longest running gay resorts serving the community in Palm Springs. Welcoming all and seeking to provide the perfect destination for the like minded traveler. Guests immerse themselves in spectacular views and tropical grounds, and discover what it means to be truly welcome. This is a great investment opportunity to continue a successful legacy or take this well established resort to a new ''vibe''. The property is walking distance to downtown and minutes to the Palm Springs Convention Center, airport and most known tourist attractions.
Location
State CA
County Riverside
Area 334 - Palm Springs South End
Interior
Heating Central, Forced Air
Building
Lot Description Back Yard, Landscaped, Rectangular Lot
Story 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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