Greg Malik Real Estate
67840 Hacienda Avenue
Desert Hot Springs, CA 92240

Description

Cannabis friendly hotel with Mineral Hot Water pools and an excellent Investor Opportunity to own a mid-century modern hotel recently featured on Forbes, LA Times and more. Known for the scandal and opportunity for clientele to legally consume marijuana during their stay. Clients also may soak in the sparkling hot all-natural healing mineral waters in pool and spa which pipes in at 140 degrees direct from the aquifer and is odorless. Enjoy panoramic views in this remodeled mid-century modern rooms with concrete floors, kitchenette suites and so much more. Hotel currently features 6 operating rooms with potential of converting up to 9 suites. Opportunity to expand w/ 7 additional surrounding parcels almost 2 acres for an additional $199,000 must be included which owner will carry. Solar electricity. Desert Hot Springs is a growing community known for cannabis, mineral waters and panoramic views. Hotel is currently operating on target. This is an active hotel, do not disturb occupants

Details

MLS#18402930PS
Sub-TypeResale
StatusPending - Show
Year1957
Days On Site15

Features

SQ Feet6,300
Units9
Building(s)1

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Area Information

StateCA
CountyRiverside
CityDesert Hot Springs
Zip Code92240
Area340 - Desert Hot Springs
Listing VS Median (in 92240)
Price:
$795,000
low | high
Med:
$184,750
100% of Average
SqFt:
6,300
low | high
Med:
1,419
100% of Average
$ / SqFt:
$126
low | high
Med:
$131
46.256286029755% of Average
On Site:
15
low | high
Med:
5
100% of Average
Listing Updated: 01/19/2019
MLS Number: 18402930PS
Listing Provided By:
Meda Thompson  of  Berkshire Hathaway HomeService
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