Palm Shadow Inn on 4.47 Acres

Near Music Festivals

80761 Highway 111 (Approximately 4.47 Acres), Indio

Features

  • 19 rooms plus 2 bdrm manager’s apartment on 4.47 AC (adjacent 3.92 acres also available)
  • Walk to Music Festivals
  • Access on 2 streets – Highway 111 & Youngs Lane
  • Close to Motorcoach Country Club & Outdoor Resorts, two luxury motor coach resorts
  • One half mile to bustling La Quinta retail corridor
  • The City of Indio, known as the “City of Festivals” plays host to the famous Coachella, Stagecoach and Desert Trip Music Festivals

Asking Price: $1,950,000 ($83,000/room)

Site Amenities

  • APNs/Parcel Sizes: 600-230-006 (2.31 acres), 007 (2.16 acres)
  • Zoning: MUSP 300 (Highway 111 Corridor Mixed Use Specific Plan) Click for ordinance
  • General Plan: Mixed Use – Specific Plan
  • Hotel Size: Two buildings totaling Approx. 8,994 S/F, 19 rooms on 4.47 acres
  • Average Room Size: 300 sf
  • Flood Zone: 500 Year
  • Adjacent Uses: Retail; vacant land
  • Utilities: To site; Additional well on site
  • Lease Terms: $2,000 per month NNN
  • Year Built: Approximately 1966
  • Comments: Currently leased month-to-month. Mixed use zoning allows for mixed residential, commercial, zero lot line developments and senior housing.

Coachella Valley Tourism Industry Highlights

  • 13.6M visitors spent more than $5.5B in 2017
  • $7B Economic Impact (9% increase over 2015)
  • 51,866 Industry Jobs (1,200 increase since 2010)
  • 2017 Y-O-Y: Hotel Occupancy: 2.7% Increase, Average Daily Rate: 3.1% Increase

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Contact our Team for more Details

Paula Turner, Owner
paula@dppllc.com
Mobile 760-578-6564
Office 760-360-8200
DRE License #00702492

Ranked #1 in the Coachella Valley
for Commercial Real Estate

Susan Harvey, Owner
susan@dppllc.com
Mobile 760-250-8992
Office 760-360-8200
DRE License #00957590