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2525 N Palm Canyon Drive - Palm Springs Inn, Palm Springs, CA

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2525 N Palm Canyon Drive - Palm Springs Inn

Palm Springs, CA 92262-1831 - Coachella Valley Submarket

Property Type:Hospitality Number of Rooms:21 Status:Existing Year Built:1958
Stories:2 Building Size:8,700 SF Land Area:.52 AC (22,856 SF)
For Sale Price:$1,850,000 Price/Room:$88,095 Cap Rate:-

Parking:2.4 Parking Spaces / 1,000 SF

Property Description: Motel

Sale Notes:
The New Palm Springs Inn is located on the major commercial thoroughfare of N. Palm Canyon Drive, which continues to the heart of downtown Palm Springs. The Inn has undergone a recent remodel, with room and building upgrades.

This 22 room economy motel offers its guests a picturesque setting with rooms ranging from ten (10) single queen, five (5) single king, six (6) double queen and a 2 BR, two(2) king suite. Guests enjoy in-room coffee service, mini refrigerator, microwave, cable, internet and a flat screen television. There has been a 30% upside in occupancy since the current renovations. The Inn is located within 5 minutes from downtown by car or free public shuttle.

There is a managers apartment within the reception/check-in area, making this ideal for an Owner/Manager.
This is the first lodging when entering Palm Springs from Interstate 10. Quick service restaurants and a convenience store are directly across the street, with more formal dining within walking distance.

Lucent Real Estate, Inc.
Paul Kurdian
(310) 291-1680

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