73193 29 Palms Hwy - Hospitality FOR SALE


29 Palms, CA 92277
$5,000,000 USD
760-361-2900
73193 29 Palms Hwy, 29 Palms, CA for Sale
$5,000,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

73193 29 Palms Hwy
29 Palms, CA 92277


HIGHLIGHTS

  • Historic 12-unit hotel constructed in 1947 with distinctive character.
  • Convenient access to major highways and regional transportation routes.
  • Located near established commercial and residential areas.
  • Flexible development potential for multiple property uses.
  • Strong market fundamentals support long-term value growth.
  • Positioned to benefit from ongoing regional economic expansion.

OVERVIEW

This unique 12-unit Hotel from 1947 became a Hollywood darling in the 50's and frequented in the past by Steve Jobs's Guru Yoga Ananda. The 9 Palms Inn has living quarters on site for owner/manager including laundry and storage facilities. It offers a valuable opportunity for investors or developers seeking a well-located site with strong growth potential. Positioned within an established area, the property provides convenient access to major transportation routes, supporting both local and regional connectivity. Its location near key commercial corridors and residential communities enhances long-term value and development flexibility. Whether envisioned for retail, office, or mixed-use purposes, this parcel delivers a versatile foundation for future projects. With demand for quality land continuing to rise, this site represents a compelling acquisition for those focused on strategic positioning and sustained appreciation.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$753 USD /SF

# OF ROOMS

12

PRICE/ROOM

$416,667 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 Palms Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1940

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

NA

APN/PARCEL ID

0617-041-21

ASK ABOUT THIS PROPERTY

Vinson Johnson29 Palms RealtyMore Info
760-361-2900

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Vinson Johnson29 Palms RealtyMore Info
760-361-2900

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