$3,000,000
FOR SALEActive73193 29 Palms Highway
29 Palms CA 92277
4,116
SF
HotelMotel
Type
1947
Built
$729/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Built in 1940, this historic property was a passion project of the owner. The vision was to create an oasis in the desert. Leveraging knowledge from the ancient science of Vastu Shastra, the owner wanted this property to be a place for artists and art lovers and long-term apartments for military families. While the mountains on the south side of the property block the negative energy, water fountains in the north are placed strategically to increase positive energy. Additionally, the whole property is very colorful, making it stand out in the desert. In fact, many people stop by the property to take photos for social media (an excellent marketing opportunity…dare we say a viral opportunity). The most important part about this property are the employees. The housekeeper and property manager have been helping keep the property operational and nurturing good experiences with all of the customers for over 7 years. Additionally, the maintenance man helps with regular property upkeep and has been working at this property for over 10 years. Both the owner and employees have created a lot of goodwill with the customers. The property has 12 rentable rooms, many with kitchens. The rooms inside reflect the exterior’s play on color. Six of the 12 rooms are standalone cabin-style rooms with porches. The manager’s unit has two bathrooms, a kitchen, a bedroom, living room, and pantry. There’s also a small motel office and large laundry and storage room as well. It has many customers who stay long-term, but also customers who visit and stay at 9 Palms Inn annually. People visit from all over the world, due to Joshua Tree National Park (about 1 million visitors/year and nearly not enough hotels/motels to lodge everyone). The north entrance to Joshua Tree National Park Visitor Center and downtown area is 0.6 miles from the property and is not far from The Marine Corps Air Ground Combat Center either. In fact the annual Soapbox Derby happens right outside the property. The property has won review awards from Booking.com and tripadvisor. With a little elbow grease, some initial capital investment, and marketing finesse, you can make this already charming place even more so.
Property Information
Property Overview
Commercial - HotelMotel
Property Type
Active
Status
0.9642 acres
Lot Size
4,116 SF
Square Footage
$728.86/SF
Price per SF
1,947
Year Built
1
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
Data not available.
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Closed commercial sales reported, newest first.