Coldwell Banker Commercial Lyle & Associates exclusively presents the SBA Foreclosure opportunity at 530 E Mel Avenue in Palm Spring, CA, to the market for repurposing acquisition. This 10-unit boutique hotel in Palm Springs, priced at $195,000 per room, offers significant upside potential. Versatile R2 Zoning permits hotels, wedding venues, traveling nurse housing, and various other income-generating uses, offering multiple revenue streams. There is a bonus development opportunity as the site includes 6,098-square-foot (0.14 acres) of vacant land, ideal for additional rooms, parking, event space, or future expansion to increase revenue potential. 530 E Mel Avenue is a prime Palm Springs location as it is centrally located with easy access to Downtown and Uptown, surrounded by top-tier dining, shopping, and entertainment options. The site is strategically located across from the Desert Regional Hospital, making it ideal for traveling nurse housing, rehabilitation programs, or extended stay accommodations, maximizing occupancy potential. Inquire today for more information and further site possibilities with this one-of-a-kind offering.