2249 N Palm Canyon Dr - Hospitality FOR SALE


Palm Springs, CA 92262- Chino Canyon
$2,300,000 USD
760-534-2584
2249 N Palm Canyon Dr, Palm Springs, CA for Sale
$2,300,000 USD
Hospitality - FOR SALE
1/100
null | Request Cap Rate

2249 N Palm Canyon Dr
Palm Springs, CA 92262
Chino Canyon


HIGHLIGHTS

  • Fully Approved plans with the City
  • Ready for your vision
  • Restaurant space included

OVERVIEW

The property at 2249 N Palm Canyon Drive in Palm Springs, California, is a mid-century modern boutique hotel, originally built in 1958. The hotel totals 7,500 square feet on a 0.44 AC lot which feature seven(7) units (City approvals to add three (3) additional rooms), a 3,800 square foot restaurant space, outdoor enclosed bar, large in-ground pool and nine (9) parking spaces. The three (3) approved add on rooms are in place in the current structure, just need to be framed and finished. With fully approved plans an investor can start renovations immediately.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$307 USD /SF

# OF ROOMS

10

PRICE/ROOM

$230,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Alexander Hotel

PROPERTY TYPE

Hospitality

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

Cameron RawlingsWilson Meade Commercial Real EstateMore Info
760-534-2584

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Cameron RawlingsWilson Meade Commercial Real EstateMore Info
760-534-2584

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