48630 Monroe St - Hospitality FOR SALE


Indio, CA 92201
$7,500,000 USD
714-829-9205
48630 Monroe St, Indio, CA for Sale
$7,500,000 USD
Hospitality - FOR SALE
1/27
null | Request Cap Rate

48630 Monroe St
Indio, CA 92201


HIGHLIGHTS

  • Located across from Stagecoach, and Coachella music festival
  • Located in a gated community
  • Site is next to a 27 hole golf course
  • Hotel is currently operating
  • 5 miles from The Pantation golf course, The classic club, The lights at Indio Golf course, and all of the PGA West courses
  • Pool and Spa

OVERVIEW

Indian Palms Motel located on Indian Palms Country club and resort. The 59-room hotel features Junior suite style rooms that combines convenience and tranquility, making it the ideal destination for visitors to the Palm Springs Valley. Pool and Jacuzzi on site. Located on the golf course. Exterior access. Located across from the empire polo club which hosts Coachella and Stagecoach music festival. Inquire with broker for Tours. HOTEL AMENITIES • Hotel Pool & Jacuzzi • Championship 27 Hole Golf Course • On-site Restaurant & Bar • Soda & Water Machines • Access to Workout Center • Outdoor Parking • Tennis Court Access • Complimentary Coffee and Ice at the Clubhouse • In-Room Refrigerators • Cable TV • Wireless High Speed internet LOCATION • 15 minutes from the Golfing Mecca of PGA West, The World Class La Quinta Resort, The Famous Plantation Golf Course, and Agua Caliente Casino Resort. • 30 minutes from downtown Palm Springs and the Palm Springs International Airport. • Walking distance to Coachella Valley Music and Arts Festival and Stagecoach Music Festival. A 59 Room Hotel within the Indian Palms Country Club & Resort(Golf Resort Lodging) Plus, Land to Add an Additional 100 +/- Hotel Rooms - $7,500,000 -Property Located at 48630 Monroe St Indio, CA 92201 -The 59 room Hotel plus land to build an added 100/+- rooms on an independent Parcel Map located in the gated community of Indian Palms County Club & Resort, Indio, CA. ***All information to be confirmed with the City of Indio*** -The parcel is approximately 4.22 Acres or 183,823 Sqft -The 59-room hotel is open and operational -Located across from the world-famous Stagecoach and Coachella Music Festivals drawing over The Indian Palms Country Club & Resort located in the City of Indio California is a 27 Hole Championship Golf Course in the heart of Coachella Valley. This exceptional 27-hole golf resort offers unmatched investment potential. Positioned next door to the world-renowned Stagecoach and Coachella music festivals, resulting in the resort experiencing sold-out occupancy for multiple weeks each year. The gated community is home to a championship golf course designed by acclaimed architect Floyd Farley This 59-room operating hotel located within the Indian Palms Country Club & Resort, City of Indio California sits on a separate parcel of approximately 4.1 acres and has the capacity of adding approximately 100 more hotel rooms. Across from StageCoach and Coachella Music Festival with over 300,000 attendees annually. ***All information to be confirmed with the City of Indio*** -Price $7,500,000 -Price / Door $127K/Door -Sale Conditions Operational & Redevelopment Project 38,709 SF -Sale Type Investment and Operating Hotel 175.90 AC -Status Active -Property Type - Hospitality -Number of Properties 1 Property – Parcel Map -Individually For Sale -Total Building Size 12,900 SqFt & 19,975 SqFt -Total Land Area ~ 183,823 SqFt -Property Zoning - U The Parcel Map comprises 3 APN's 614-220-024 614-220-010 614-220-011 -Air conditioning -Alarm clock -Bath or Shower -Body soap -Carbon monoxide detector -Carpeting -Closet -Conditioner -Dining table -Fan -Flat-screen TV -Hair dryer -Hardwood or parquet floors -Iron and ironing board -Key card access -Linens -Microwave -On-demand media -Phone -Plunge pool -Private pool -Radio -Refrigerator -Satellite/cable channels -Seating area -Smoke alarm -Socket near the bed -Sofa -TV -Toilet -Toilet paper -Toiletries -Towels -Trash cans

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$228 USD /SF

# OF ROOMS

59

PRICE/ROOM

$127,119 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Indian Palms Motel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1980

PARKING SPACES

191

LAND DETAILS

LAND ACRES

4.22 AC

LAND SF

183,823 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 Policy.