$3,000,000
$3,500,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
1600 Palm Canyon DR Palm Springs, CA 92264
0.46 Acres Lot
Key Details
Sold Price $3,000,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 219032267PS
Sold Date 08/14/20
HOA Y/N No
Year Built 1953
Lot Size 0.460 Acres
Property Description
Hotel is located in the South end of Palm Springs in the very desirable Deepwell Neighborhood. This Mediterranean style Boutique Hotel is centered by a spacious 40 ft. pool, 10 person spa, guest BBQ and dining counter, coffee bar, outdoor kitchen and fireplace. Currently operated as 13 guest Rooms, property tax and city records indicate the Hotel can be operated as sixteen (16) rooms. There are 16 bathrooms and 16 off street parking spaces to support this. In addition to the 13 Guest Rooms, there is a 2 Bedroom, 2 Bathroom owners/resident managers unit with a full kitchen and private patio that can be easily modified to become two separate rooms. The reception/office can be converted back to another unit. Hotel is well located within walking distance of Smoketree Commons and Smoketree Shopping Center with multiple retail stores and dining options. Purchase price includes furniture, fixtures and equipment (FF&E) plus the Reservation database. Fully operational and well maintained & licensed Hotel. Rooms have individual forced air a/c units. Laundry & Storage room located on site. Updated central electrical system and natural gas service. Fenced & gated resort.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Interior
Heating Forced Air
Fireplace No
Exterior
Community Features Gated
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, See Remarks, Underground Utilities
Roof Type Clay,Tile
Total Parking Spaces 16
Building
Lot Description Corner Lot, Landscaped, Sprinklers Timer, Sprinkler System, Street Level
Story 2
Others
Tax ID 508454011
Security Features Gated Community,Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Seller Financing
Special Listing Condition Standard
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Bought with Jaime Rook