67485 Hacienda Ave - Hospitality FOR SALE


Desert Hot Springs, CA 92240
$3,700,000 USD
760-406-1492
67485 Hacienda Ave, Desert Hot Springs, CA for Sale
$3,700,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

67485 Hacienda Ave
Desert Hot Springs, CA 92240


HIGHLIGHTS

  • Investment opportunity to purchase a 40-room resort with spa treatment rooms and a large pool with room for expansion and renovations underway.
  • Desirable Coachella Valley tourist destination easily reached by Interstate 10 and the Palm Springs International Airport, less than 10 miles away.
  • The Relax Hotel & Spa is an intimate, secluded property for relaxation and healthy living, along with the most phenomenal views the area offers.
  • Nestled in "California's Spa City," home to numerous golf courses, Santa Rosa Mountains, year-round sunshine, and famous hot mineral waters.

OVERVIEW

Relax Hotel & Spa at 67485 Hacienda Avenue is an investment opportunity to own a 40 room mineral hot springs hotel in the heart of Desert Hot Springs, California. The hotel's location offers some of the most incredible views in the area and special benefits for being in the opportunity zone. The subject property comprises a 40-room resort and spa with spa treatment rooms, owners/managers units, and generous potential poolside areas for quiet relaxation. The Relax Hotel & Spa has a welcoming lobby, front desk, back office, storage rooms, and a large pool with the potential to add outside spa areas. A popular spot for group retreats, the spacious resort rooms are designed with a warm modern touch and feature individual HVAC units, interior kitchenettes, and top-notch fixtures. Strategically located in Desert Hot Springs, known to have the world's best source of fresh hot mineral water for drinking to help aid nutrition and bathing to improve circulation and located within the Coachella Valley, in the foothills of Joshua Tree National Park in Southeastern California, a premium tourist destination for those seeking an authentic spa experience, the tranquility of the natural desert environment, and the therapeutic benefits of its mineral-rich waters. The Relax Hotel & Spa, with its immaculate appearance, superb condition, and excellent location, should continue to enjoy increased occupancy and profitability. Please note the cap rate is a proforma rate, plus the total invested into the property, $2,500,000 (Not including the owner's purchase price). Buyer to verify condition of property and all permits. Please contact for more info. Disclosure: Broker, seller and Broker's agents do not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size/ lot lines/ dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$206 USD /SF

# OF ROOMS

40

PRICE/ROOM

$92,500 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Desert Palms Spa Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1988

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

VS

APN/PARCEL ID

642-164-007

ASK ABOUT THIS PROPERTY

Brian PalmerPalmer PropertiesMore Info
760-406-1492

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Brian PalmerPalmer PropertiesMore Info
760-406-1492

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