535 S Warm Sands Drive
Palm Springs, CA 92264

Business Opportunities

Commercial

20,225

Sq. Ft.

1.72

Acre Lot

Listing Agent: Mohsen Aghazadeh - Coldwell Banker Realty, PurpleFilesRealEstate@gmail.com; mohsenrealestates@gmail.com;

Description for 535 S Warm Sands Drive Palm Springs, CA 92264

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This extraordinary Hotel & Resort presents an unparalleled investment opportunity, has 31 licenses with 28 operating rooms in which the business benefits from a steady stream of travelers.Large 1.72 acre owned Fee Simple property on an extended lot is one of the largest available development lots in the City of Palm Springs.The hotel is locatedwithin 10 minutes to downtown with great potentialfor a conversion to a high ADRBoutique Hotel in addition to the already consistent revenue growth over the past several years. The hotel renovationhas recentlycompleted, fully renovated, permitted owners unit (Conversion of 5 rentable hotel rooms to a single ownersresidence) with separate private entrance and an approximately 500 SQFT. operation managers unit. The permitted new roof with warranty, mini splits and water heaters have all been replaced within the last few years.All property tours must be arranged through the selling agent on Tuesdays or Wednesdays only. Please DO NOT CONTACT PROPERTY Owners OR EMPLOYEES!For more information and to sign the Confidentiality Agreement, please contact (949) 289 - 6900 orPurpleFilesRealEstate@gmail.com