48600 Monroe St - Sports and Entertainment FOR SALE


Indio, CA 92201
$6,900,000 USD
714-829-9205
48600 Monroe St, Indio, CA for Sale
$6,900,000 USD
Sports and Entertainment - FOR SALE
1/48
null | Request Cap Rate

48600 Monroe St
Indio, CA 92201


HIGHLIGHTS

  • Events space with attahced separate kitchen
  • 2nd events space -Celebrity house
  • Clubhouse with restaurant and bar
  • Driving range and practice area
  • Practice putting green and outdoor dinning

OVERVIEW

OFFERING SUMMARY This is a unique opportunity to acquire an operating 59-room hotel within Indian Palms Country Club & Resort, together with land offering potential for significant future room expansion. The property's proximity to the Empire Polo Club, Coachella and Stagecoach Music Festivals, championship golf, casinos, and other Coachella Valley attractions provides a compelling combination of existing operations and potential future development. The hotel features junior suite-style accommodations designed to provide guests with comfort, convenience, and tranquility. Property amenities include a swimming pool and Jacuzzi, while guests also benefit from the surrounding Indian Palms Country Club amenities, including a championship 27-hole golf course. The hotel is positioned across from the Empire Polo Club, home to the Coachella Valley Music and Arts Festival and Stagecoach Music Festival, which attract hundreds of thousands of visitors annually and create significant seasonal demand for local lodging. PROPERTY HIGHLIGHTS - 59-room operating hotel - Approximately 4.1 acres on a separate parcel - Potential to develop approximately 100 additional hotel rooms - Located within the gated Indian Palms Country Club & Resort - Situated directly across from the Empire Polo Club - Strong seasonal demand generated by Coachella and Stagecoach - Junior suite-style guest rooms - Hotel pool and Jacuzzi - Located adjacent to a championship 27-hole golf course - Exterior-access guest rooms - Investment and operating hotel opportunity Potential Development: The property includes land that may provide the opportunity to add approximately 100 additional hotel rooms, subject to applicable approvals, entitlements, zoning, parcel configuration, and confirmation with the City of Indio. All development potential, zoning, room count, and other property information should be independently verified with the City of Indio and applicable governmental agencies. HOTEL AMENITIES - Hotel Pool & Jacuzzi - Championship 27-Hole Golf Course - On-Site Restaurant & Bar - Soda & Water Machines - Workout Center - Tennis Court Access - Outdoor Parking - In-Room Refrigerators - Cable TV - Wireless High-Speed Internet LOCATION Indian Palms Motel is strategically located in the heart of the Coachella Valley, providing convenient access to major golf, entertainment, hospitality, and recreational destinations. - Approximately 15 minutes from PGA West, La Quinta Resort, Plantation Golf Course, and Agua Caliente Casino Resort - Approximately 30 minutes from Downtown Palm Springs - Approximately 30 minutes from Palm Springs International Airport - Walking distance to the Coachella Valley Music and Arts Festival and Stagecoach Music Festival - Directly across from the Empire Polo Club GOLF & RESORT SETTING Indian Palms Country Club & Resort is a gated golf community located in the City of Indio, California. The resort features a 27-hole championship golf course in the heart of the Coachella Valley and provides a resort-oriented setting for hotel guests and visitors. The property's location next to the Empire Polo Club provides a unique lodging opportunity during major events, when hotel demand throughout the Coachella Valley can increase significantly. PROPERTY INFORMATION Property Address: 48630 Monroe Street, Indio, CA 92201 Property Type: Operating Hotel / Investment Opportunity Hotel Rooms: 59 Potential Additional Rooms: Approximately 100 Site Area: Approximately 4.1 acres Zoning: U (Buyer to verify) Offered Price: $6,900,000 Price Per Room: Approximately $117,000 per existing room Tours are available by appointment. Please inquire with the listing broker for additional information and showing instructions. All information is believed to be reliable but is not guaranteed and should be independently verified by the buyer and buyer's representatives. Buyer to verify all square footage, room counts, zoning, permitted uses, development potential, parcel configuration, entitlements, and other property information with the appropriate governmental agencies, including the City of Indio.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$614 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Indian Palms Country Club and Resort

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

113

LAND DETAILS

LAND ACRES

176 AC

LAND SF

7,666,560 SF

ZONING

U

APN/PARCEL ID

614-220-010,614-220-011,614-220-025

ASK ABOUT THIS PROPERTY

Lorenzo Bonina CCIMPegasus Real Estate Group, Inc.More Info
714-829-9205

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Lorenzo Bonina CCIMPegasus Real Estate Group, Inc.More Info
714-829-9205

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