Palm Shadow Inn on 4.47 ac

Hospitality for Sale
Catylist Listing ID: 30264526
Property Subtypes: Motel
Number of Units: 20 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 4.47 Acres
Sale Price: $2,290,000
Unit Price: $114,500 Per Unit
Property Use Type: Vacant/Owner-User
Building Name: Palm Shadow Inn
Name of Establishment: Palm Shadow Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/28/2018

Overview / Comments

• 19 rooms plus 2 bdrm manager’s apartment on 4.47 ac
(adjacent 3.92 acres also available)
• Walk to Music Festivals
• Corner parcel with access on 2 streets - Highway 111 & Youngs Lane
• Close to Motorcoach Country Club & Outdoor Resorts, two luxury motor coach resorts
• One half mile to bustling La Quinta retail corridor
• Traffic Counts: 29,871 cars per day
• The City of Indio, known as the “City of Festivals”
plays host to the famous Coachella, Stagecoach and
Desert Trip Music Festivals

Attachments & Media

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 600-230-006, 007
Zoning: MUSP 300
Year Built: 1966
Total Parking Spaces: 25

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,500 102,068 168,170
Median Age: 33.19 35.16 35.27
Households: 5,862 33,044 54,244

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