12921 Tamar Dr - Hospitality FOR SALE


Desert Hot Springs, CA 92240
$5,450,000 USD
760-408-8874
12921 Tamar Dr, Desert Hot Springs, CA for Sale
$5,450,000 USD
Hospitality - FOR SALE
1/21
null | Request Cap Rate

12921 Tamar Dr
Desert Hot Springs, CA 92240


HIGHLIGHTS

  • Brand New Rennovations for turn key aquisition
  • Mineral Water Spa & additional Parcel with second well included
  • Highest Ratings & Best reviews in the City

OVERVIEW

Amazing down-to-the-studs renovated Hospitality investment opportunity; Introducing The Onsen Hotel, the highest-rated and best-reviewed hotel in beautiful Desert Hot Springs California! This #1 ranked hotel on Trip Advisor is adult-only and pet-friendly with several other unique amenities including Mineral Water spa packages, deluxe breakfast, and a bevy of room & bed options to choose from. The Hotel, Spa space, pool, and 21 current rooms have been fully renovated and finished with unique luxury finishes sure to please every discerning guest, and the next owner has the option to alter the offering and create 2 additional rooms for increased Revenue and NOI. The purchase also comes with the adjacent lot to be developed to spec with its own mineral water well, allowing the next owner to develop additional rooms, a separate spa facility, or anything else you can imagine. Desert Hot Springs Values continue to rise as the market is edged out of Palm Springs proper, come get your hands on this great hospitality property before its too late!

FOR SALE DETAILS

PRICE

$5,450,000 USD

PRICE/SF

$484 USD /SF

# OF ROOMS

21

PRICE/ROOM

$259,524 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Onsen Hotel and Spa

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

R4

APN/PARCEL ID

642-082-002,642-082-003,642-082-004

ASK ABOUT THIS PROPERTY

Adam GilbertThe Firm BrokerageMore Info
760-408-8874

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Adam GilbertThe Firm BrokerageMore Info
760-408-8874

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.