486 E Mel Ave - Hospitality FOR SALE


Palm Springs, CA 92262- Uptown Palm Springs
$4,300,000 USD
760-774-6533
486 E Mel Ave, Palm Springs, CA for Sale
$4,300,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

486 E Mel Ave
Palm Springs, CA 92262
Uptown Palm Springs


HIGHLIGHTS

  • Utilities – All paid by owner
  • Parking – Open parking
  • Type of ownership – Fee Simple

OVERVIEW

Coldwell Banker Commercial Lyle & Associates, is pleased to offer for sale the fee simple interest in The Palm Springs Manor, a 16-unit hotel complex with an additional standalone single-family residence/owner unit on its own separate contiguous parcel, located in Palm Springs California. Originally constructed in 1950, the property consists of fourteen studio units, two one-bedroom units, one standalone single-family unit, a large onsite clubhouse with a pool, and a detached garage. The entire property is impressively furnished with beautiful antiques, which are included in the purchase price.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$420 USD /SF

# OF ROOMS

16

PRICE/ROOM

$268,750 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Springs Manor

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,475 SF

ZONING

R2

APN/PARCEL ID

507-061-017,507-061-018,507-061-019

ASK ABOUT THIS PROPERTY

Michael LyleColdwell Banker Commercial Lyle & AssociatesMore Info
760-774-6533

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Michael LyleColdwell Banker Commercial Lyle & AssociatesMore Info
760-774-6533

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.