Active
535 S Warm Sands DR
PALM SPRINGS CA, 92264
$6,800,000
$1,360,000.00 per sqft
Active
5 sqft
Multi-family
Built in 1949
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 locatedwithin 10 minutes to downtown with great potentialfor a conversion to a high ADRBoutique Hotel in addition to the already consistent revenue growth over the past several years. The hotel renovationhas recentlycompleted, fully renovated, permitted owners unit (Conversion of 5 rentable hotel rooms to a single ownersresidence) with separate private entrance and an approximately 500 sq.ft. 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 [email protected]
NDP2400129MR
MLSⓇ ID
January 3, 2024
Listed
September 13, 2024
Updated
Map
535 S Warm Sands DR
PALM SPRINGS CA, 92264
Interior Features
Total Stories
1
Laundry Description
Room
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.72 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Palm Springs Central
Days on Market
41
Garage
Yes
Garage Spaces
31
Parking Total
31
View
No
County
Riverside
Water Source
Public
Pool
Yes
Pool Features
In Ground
Zoning
Commercial Residential
Listed by Mohsen Aghazadeh with Coldwell Banker Realty
Listing Contact: 949-289-6900
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Lucas Schelkens shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/13/2024