2.22 AC Hotel Site CA I-10/Cook St Palm Desert

Features

  • Two parcels totaling 2.22 AC previously approved for an 88-room hotel and a restaurant
  • Fully improved site with curb and sidewalk
  • The City is requesting a hotel with an increased number of rooms as opposed to hotel and restaurant at this location
  • Ideally located just off I-10 and mid-way between Palm Springs and Indio, home of the renowned Music Festivals
  • One mile from Classic Club, a nationally recognized championship course designed by Arnold Palmer
  • Across from the proposed 125-acre, 12,000-seat indoor sports stadium, Th e Shield at 1 Coyote Way
  • Located at the center of the Coachella Valley, which is rapidly becoming the sought-out weekend destination for fun and entertainment
  • Price: $1,999,000, AC: $20.67 S/F

Site Amenities

    • Location: The property is located on the north side of Gerald Ford, just east of Cook Street in Palm Desert, CA.
    • Zoning: PCD, FCOZ (Planned Community Development, Freeway Commercial Overlay Zone)
    • General Plan: I-BP (Industrial Business Park)
    • APN# & Parcel Sizes: 694-180-023 (0.56 AC), 694-180-025 (1.66 AC)
    • Utilities: All utilities in street
    • CUP: CUP 06-15 Expired October 17, 2018. City to provide letter indicating their desire for hotel at this location.
    • Comments: This site is in the heart of the Coachella Valley in a rapidly growing area. It is strategically located just 1/2 mile from Millennium, a 152 AC master-planned community and across the street from CSUSB and UCR Palm Desert campuses. The property is located a mere minute from world famous sites and activities that have made the California desert a legendary vacation destination.
    • Coachella Valley Tourism Industry Highlights
      • 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¬†

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.

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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