Sold
585 615 Warm Sands Drive
Palm Springs CA, 92264
$3,100,000
Sold
Commercial
Built in 1950
Listed by Luca Volpe with Realty Trust (760) 327-8000
Great opportunity to acquire a profitable charming desert oasis with manicured grounds, 0.44AC of Fee simple land located in the heart of Warm Sands. This hotel features 12 rooms, picturesque panoramic views, 5,606sf building with 200 sf frontage, featuring great visibility. Consistently high CAP Rate and Occupancy. The size of the land with access on three sides, the gorgeous mountain views, the expansive pool & spa, sauna, steam-room and massage-cabana are just some of the amenities that showcase this property's potential. Desert Paradise Resort is one of the longest running gay resorts serving the community in Palm Springs. Welcoming all and seeking to provide the perfect destination for the like minded traveler. Guests immerse themselves in spectacular views and tropical grounds, and discover what it means to be truly welcome. This is a great investment opportunity to continue a successful legacy or take this well established resort to a new ''vibe''. The property is walking distance to downtown and minutes to the Palm Springs Convention Center, airport and most known tourist attractions.
219089772PS
MLSⓇ ID
March 23, 2024
Updated
Map
585 615 Warm Sands Drive
Palm Springs CA, 92264
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Heating
Yes
Heating Description
Central, Forced Air, Natural Gas
Exterior/Building Features
Lot Size
0.44 Acres
Lot Features
Back Yard, Corner Lot, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Rectangular Lot, Secluded, Sprinklers Timer, Sprinklers On Side, Sprinkler System, Street Level
Roof
Flat
Other Property Details
Area Name
334 - South End Palm Springs
Days on Market
85
Garage
No
Parking Total
12
View
No
County
Riverside
Pool
No
Buyer Agency Compensation
2.5%
Listing Contact: (760) 327-8000
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Data last updated on 3/23/2024 at 1:20 AM UTC