585 615 Warm Sands Drive, Palm Springs, CA 92264

About this commercial property

Great opportunity to acquire a profitable charming desert oasis with manicured grounds, 0.44AC of Fee simple land located in the heart of Warm Sands. This hotel features 12 rooms, picturesque panoramic views, 5,606sf building with 200 sf frontage, featuring great visibility. Consistently high CAP Rate and Occupancy. The size of the land with access on three sides, the gorgeous mountain views, the expansive pool & spa, sauna, steam-room and massage-cabana are just some of the amenities that showcase this property's potential. Desert Paradise Resort is one of the longest running gay resorts serving the community in Palm Springs. Welcoming all and seeking to provide the perfect destination for the like minded traveler. Guests immerse themselves in spectacular views and tropical grounds, and discover what it means to be truly welcome. This is a great investment opportunity to continue a successful legacy or take this well established resort to a new ''vibe''. The property is walking distance to downtown and minutes to the Palm Springs Convention Center, airport and most known tourist attractions.

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$3,100,000

Sold June 2023 · listed $3,500,000 · MLS #219089772PS · Source: CRMLS

Listing Agent: Luca Volpe · Listing Office: Realty Trust · Contact: (760) 327-8000 · Bought with: Ori Harpaz · Compass

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