2249 N Palm Canyon Dr - Hospitality FOR SALE


Palm Springs, CA 92262
$2,589,000 USD
714-345-7610
2249 N Palm Canyon Dr, Palm Springs, CA for Sale
$2,589,000 USD
Hospitality - FOR SALE
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null | Request Cap Rate

2249 N Palm Canyon Dr
Palm Springs, CA 92262


HIGHLIGHTS

  • Close proximity to N Palm Canyon Dr
  • Exterior bar & Interior bar with full kitchen (3,800sf)
  • Walking distance to restaurants
  • Beautiful Mountain Views

OVERVIEW

Welcome To The Alexander Hotel. This boutique mid century modern hotel has a full set of approved plans for a 10 bedroom hotel in the heart of Uptown Palm Springs. This flagship property is one of the first iconic original hotels seen by visitors as the enter into the uptown district. Formerly known as The Pool House, this 7,500 sq ft building has a hotel and a restaurant with separate meter. The income possibilities are endless. The bar area by the pool makes the outdoor entertaining potentials countless. All of the bedrooms are huge with space for kitchenettes. The main building offers a large lobby, living, kitchen and dining area that makes this hotel feel like a giant luxury estate where friends, parties and large groups can comfortably gather and entertain. Restaurant still has grease trap, hood and walk in refrigerator area. Plans are fully approved. This is a shovel ready project. Call David and David for additional information.

FOR SALE DETAILS

PRICE

$2,589,000 USD

PRICE/SF

$345 USD /SF

# OF ROOMS

10

PRICE/ROOM

$258,900 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Alexander Hotel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

C1

APN/PARCEL ID

504-242-007

ASK ABOUT THIS PROPERTY

David RioseXp Realty of Southern CaliforniaMore Info
714-345-7610

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David RioseXp Realty of Southern CaliforniaMore Info
714-345-7610

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