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312 E Camino Monte Vista

312 East Camino Monte Vista, Palm Springs, CA, USA

SOLD!

$2,130,000

Property Description

Fully licensed boutique hotel close to the Uptown District. Property (Hotel) has been closed since 2019, but operational. Currently licensed as a 10 room boutique hotel , with 12 rooms. Two are adjoining connecting suites. This Fee simple property sits next to the successful Descanso Hotel and is priced well with unlimited potential depending on the new owners vision. Center court swimming pool, in ground Spa and Sauna / Steam room. Most units have kitchens or kitchenettes. Could potentially be used as a compound or multi unit apartment building subject to city zoning approval. The room count for the hotel license is 10 due to the 10 parking stalls on site. Full solar, paid for no solar lease. The city of Palm Springs has a TOT rebate program over the next 10 years that could be a substantial savings estimated at $50,000 per year or more if qualified.

Contact Agent

Scott Timberlake

760-333-7578

Property Details

Property Type

Hospitality

Size

5,550 sqft

Floors

2

Year Built

1948

Property Location

312 East Camino Monte Vista, Palm Springs, CA, USA

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