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1277 S. Palm Canyon Dr., Palm Springs, CA 92264

Commercial property for sale

  • Description
  • Major price reduction with excellent seller financing terms. Very nice 66 room hotel in beautiful downtown Palm Springs. Located on Indian Lease Land, owner now in process of extending lease to 53 years. Any offer may be written contingent on lease extension. Pool and spa in central courtyard. About 50% of rooms have pool view, 25% mountain view, remaining overlook landscaped adjacent courtyard. Lease is 8% of gross receipts per year, paid $1,000/month until 12th month, then payment of remainder. Land and building size, and year built are only estimates, no info shows in Riverside county tax records, will need to be verified by buyer. Seller will carry with 20% down payment at 8% fixed interest rate amortized 20 years, all due and payable in 7 years. World famous desert resort, Palm Springs CA is just 2 hours from both Los Angeles and San Diego. Excellent tourist trade. Building price details: $2,500,000.
  • Property Details
  • Property Type: Hotel & Motel
    Use Types: Hotel, General
    Status: Available
    Price: $ 37,879 +/Unit
    Year Built: 1977
    MSA: Riverside-San Bernardino-Ontario
    Zoning: C
    Buildings: 1
    Terms: Cash to Seller, Other
    Added: 01/28/2012
    Last Update: 04/09/2012
  • Exterior Features
  • Parking: Yes
  • Contact info
  • 760-578-1466 [Office]
  • Note

  • Details Info about this row that located on 1277 S. Palm Canyon Dr., Palm Springs, CA 92264 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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