Property Showcase

711 Riverside DrivePalm Springs, CA 92264 0

$4,200,000
Commercial
Status: Active
  • Sqft:
  • Lot:0.29 acre
  • MLS#: 219085008PS
33.809867858886719-116.54112243652344
Courtesy Of David Emerson, DRE#01376513, Coldwell Banker Realty

Description:

An Incredible Opportunity To Own The Wesley, A Highly Successful Boutique Hotel In The Heart Of Palm Springs. Located In The Tahquitz River Estates Neighborhood Of South Palm Springs & Only Minutes Away From Downtown Palm Springs, Is This 9 Door Hotel. 7 Of The Units Are Studio Style With Kitchens. 1 Unit Has A Living Room, Kitchen Plus Bedroom & Bathroom. The Honeymoon Suite Features A Full Sized Living Room and Kitchen Plus 2 Bedrooms & 2 Bathrooms. The Mid Century Modern Style Of This Hotel Along With The Beautiful Interior Design, Make It A Featured Destination That Is Desired By All. The Property Is Currently Ran By An Experienced & Seasoned Management Company That Specialized In Branding And Operating This Type Of Property. This Is A Hybrid Hotel Situation With Huge Upside Potential & Cap Rate Opportunity North Of 10%! For Additional Details Please Contact Listing Agent.

Main Features:

Listing Status Active Year Built 1955
County Riverside Rental Price $0
Units 9

Additional Features:

Business Type Hospitality
Listing Service FullService
Listing Type ExclusiveRightToSell
Special Conditions Standard

Extra Features:

DOM 58 Inclusions Furnishings and Inventory List To Be Provided.
Listing Key 1023096770 Number of Buildings 1
Parcel Number 508191004 Public Document Count 0

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable Copyright 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Information deemed reliable but not guaranteed.
Copyright© 2023 California Regional Multiple Listing Service, Inc. All rights reserved.
Last Updated On: 1/30/2023 6:07:20 PM

711 Riverside Drive, Palm Springs, CA 92264

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable Copyright 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Information deemed reliable but not guaranteed.
Copyright© 2023 California Regional Multiple Listing Service, Inc. All rights reserved.
Last Updated On: 1/30/2023 6:07:20 PM

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