Palm Springs, CA 92264,585615 S Warm Sands DR
Palm Springs, CA 92264,585615 S Warm Sands DR
Palm Springs, CA 92264,585615 S Warm Sands DR
Palm Springs, CA 92264,585615 S Warm Sands DR
Palm Springs, CA 92264,585615 S Warm Sands DR
Palm Springs, CA 92264,585615 S Warm Sands DR
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$3,500,000

Est.Price: ?

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Est. payment /mo

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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Listed by Realty Trust
John Herkenrath

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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