48630 Monroe St - Hospitality FOR SALE


Indio, CA 92201
$9,500,000 USD
714-829-9205
48630 Monroe St, Indio, CA for Sale
$9,500,000 USD
Hospitality - FOR SALE
1/27
null | Request Cap Rate

48630 Monroe St
Indio, CA 92201


HIGHLIGHTS

  • Located across from Stagecoach, and Coachella music festival
  • Located in a gated community
  • Site is next to a 27 hole golf course
  • Hotel is currently operating
  • 5 miles from The Pantation golf course, The classic club, The lights at Indio Golf course, and all of the PGA West courses
  • Pool and Spa

OVERVIEW

A 59 Room Hotel within the Indian Palms Country Club & Resort(Golf Resort Lodging) Plus, Land to Add an Additional 100 +/- Hotel Rooms - $9,500,000 -Property Located at 48630 Monroe St Indio, CA 92201 -The 59 room Hotel plus land to build an added 100/+- rooms on an independent Parcel Map located in the gated community of Indian Palms County Club & Resort, Indio, CA. ***All information to be confirmed with the City of Indio*** -The parcel is approximately 4.22 Acres or 183,823 Sqft -The 59-room hotel is open and operational -Located across from the world-famous Stagecoach and Coachella Music Festivals drawing over The Indian Palms Country Club & Resort located in the City of Indio California is a 27 Hole Championship Golf Course in the heart of Coachella Valley. This exceptional 27-hole golf resort offers unmatched investment potential. Positioned next door to the world-renowned Stagecoach and Coachella music festivals, resulting in the resort experiencing sold-out occupancy for multiple weeks each year. The gated community is home to a championship golf course designed by acclaimed architect Floyd Farley This 59-room operating hotel located within the Indian Palms Country Club & Resort, City of Indio California sits on a separate parcel of approximately 4.1 acres and has the capacity of adding approximately 100 more hotel rooms. Across from StageCoach and Coachella Music Festival with over 300,000 attendees annually. ***All information to be confirmed with the City of Indio*** -Price $9,500,000 -Price / Door $161K/Door -Sale Conditions Operational & Redevelopment Project 38,709 SF -Sale Type Investment and Operating Hotel 175.90 AC -Status Active -Property Type - Hospitality -Number of Properties 1 Property – Parcel Map -Individually For Sale -Total Building Size 12,900 SqFt & 19,975 SqFt -Total Land Area ~ 183,823 SqFt -Price /Sq. Ft. $288.97/SqFt -Property Zoning - U The Parcel Map comprises 3 APN's 614-220-024 614-220-010 614-220-011 -Air conditioning -Alarm clock -Bath or Shower -Body soap -Carbon monoxide detector -Carpeting -Closet -Conditioner -Dining table -Fan -Flat-screen TV -Hair dryer -Hardwood or parquet floors -Iron and ironing board -Key card access -Linens -Microwave -On-demand media -Phone -Plunge pool -Private pool -Radio -Refrigerator -Satellite/cable channels -Seating area -Smoke alarm -Socket near the bed -Sofa -TV -Toilet -Toilet paper -Toiletries -Towels -Trash cans

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$289 USD /SF

# OF ROOMS

59

PRICE/ROOM

$161,017 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Indian Palms Hotel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1980

PARKING SPACES

191

LAND DETAILS

LAND ACRES

4.22 AC

LAND SF

183,823 SF

ZONING

U

APN/PARCEL ID

614-220-010,614-220-011,614-220-025

ASK ABOUT THIS PROPERTY

Lorenzo Bonina CCIMPegasus Real Estate Group, Inc.More Info
714-829-9205

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Lorenzo Bonina CCIMPegasus Real Estate Group, Inc.More Info
714-829-9205

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