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$ 4,500,000
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New
2525 N Palm Canyon DR Palm Springs, CA 92262
8,068 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 8,068 sqft
Price per Sqft $557
MLS Listing ID 219153989
HOA Y/N No
Year Built 1960
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type Hotel/Motel
Property Description
Recently repositioned at $4.5 million, the Inn at Palm Springs presents a compelling opportunity to acquire an operating boutique hotel on fee simple land in Palm Springs. Currently configured with 22 furnished guest accommodations and offers significant potential for a new owner to optimize operations and revenue. Prominently located along N Palm Canyon Drive, the property features a heated pool and outdoor gathering areas, gated grounds, 22 onsite parking spaces, EV charging, lobby and reception area, dedicated laundry and storage facilities, and approximately 1,500 SF of flexible lower level space. A Type 70 liquor license is to convey with the sale, subject to applicable transfer requirements. Recent capital improvements and property refreshes have been completed throughout. Fee simple ownership with no land lease. Buyer to independently verify permitted room count, licensing, use and development potential. Contact listing broker for offering materials and additional information.
Location
State CA
County Riverside
Area 331 - Palm Springs North End
Exterior
Exterior Feature Lighting
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Lucent Real Estate Inc.