Active
535 S Warm Sands Drive
Palm Springs CA, 92264
$6,800,000
$336.22 per sqft
Active
20,225 sqft
Commercial
Built in 1949
Listed by Mohsen Aghazadeh with Coldwell Banker Realty 858-459-3851
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 SQFT. 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]
NDP2400101
MLSⓇ ID
January 2, 2024
Listed
March 28, 2024
Updated
Map
535 S Warm Sands Drive
Palm Springs CA, 92264
Interior Features
Total Stories
1
Appliances
Dryer
Laundry Description
Common Area, Electric Dryer Hookup
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.72 Acres
Lot Features
0-1 Unit/Acre
Other Property Details
Area Name
332 - Central Palm Springs
Days on Market
40
Garage
No
Parking Total
0
View
No
County
Riverside
Water Source
Public
Pool
No
Zoning
Commercial Hospitality FE
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
2/15/2024 | Price Change | $6,800,000 -13% |
Listing Contact: 858-459-3851
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/28/2024 at 3:27 PM UTC