ActiveCommercial · sale

2525 Palm Canyon Drive

Palm Springs, CA 92262

$4,500,000

  • 0.52 acres
  • Built 1960

Listed by Lucent Real Estate Inc. · MLS #219153989PS

Listing status & updates
MLS last changed
Not supplied by this listing source
Availability last checked
No per-listing check is recorded

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2525 Palm Canyon Drive, Palm Springs, CA 92262 · MLS #219153989PS

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1960.

Property size

0.52 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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Recently repositioned at $4.5 million, the Inn at Palm Springs presents a compelling opportunity to acquire an operating boutique hotel on fee simple land in Palm Springs. Currently configured with 22 furnished guest accommodations and offers significant potential for a new owner to optimize operations and revenue. Prominently located along N Palm Canyon Drive, the property features a heated pool and outdoor gathering areas, gated grounds, 22 onsite parking spaces, EV charging, lobby and reception area, dedicated laundry and storage facilities, and approximately 1,500 SF of flexible lower level space. A Type 70 liquor license is to convey with the sale, subject to applicable transfer requirements. Recent capital improvements and property refreshes have been completed throughout. Fee simple ownership with no land lease. Buyer to independently verify permitted room count, licensing, use and development potential. Contact listing broker for offering materials and additional information.

THE NEIGHBORHOOD

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2525 Palm Canyon Drive, Palm Springs, CA 92262

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LOCAL MARKET CONTEXT

Riverside County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$609,304Down 0.3% vs. the previous 12 months
Months of supply4.112-month average
Days on market5312-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
CommercialSale
Category
Commercial
Year built
1960
Zoning
C-1/C-P
Parcel
504073001
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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Listing information

MLS #219153989PS · California Regional MLS

Listing brokerage: Lucent Real Estate Inc.
Listing agent: Paul Kurdian

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.