One of 20 Hot Water Properties in Desert Hot Springs
A Great Opportunity to Redevelop Into a Health & Wellness Spa Resort
Located Near Historic Two Bunch Palms Resort Healing Hot Mineral Water Pool with Covered Spa
Take Advantage of Opportunity Zone Tax Benefits
Asking Price: $3,000,000 ($75,000/ROOM)
AERIAL AND SITE PLANS
# of Rooms: 40
Year Built: 1987 Remodeled: 2000
Building Size: 20,196 SF, 2-Story
Parcel Size: 1.67 Acres
Zoning: V-S – Visitor Serving
Parking Spaces: 5 Handicap, 59 Regular
Franchise: Independent Hotel
Heating/AC: Individual HVAC unit in each guest room
Mineral Well: Still need info
Amenities: Courtyard, Fitness Center with Locker Rooms, Sauna, Hot Mineral Water Pool, 4 Outdoor & 1 Enclosed Spas, BBQ Area
Revenues: 2019 – $549,480
Terms: Cash; Seller Financing Available with 25-30% down-payment.
Comments: Desert Hot Springs is known worldwide for it’s natural, therapeutic hot mineral waters. The mineral water is odor-free, low in sulfur, and rich in lithium. Desert Rain Hotel boasts beautiful views of Palm Springs, and 30 minutes from Joshua Tree National Park.
DISCLAIMER: The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property.
Paula Turner, Broker firstname.lastname@example.org Mobile 760-578-6564 Office 760-360-8200 DRE #00702492
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Susan Harvey, Owner email@example.com Mobile 760-250-8992 Office 760-360-8200 DRE License #00957590