Palm Shadow Inn on 4.47 ac

Hospitality for Sale
Sale Pending
Catylist Listing ID: 30264526
Property Subtypes: Motel
Status: Pending
Number of Units: 20 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 4.47 Acres
Sale Price: $1,950,000
Unit Price: $97,500 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: 7/27/2020

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
* Seller Financing Available

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 600-230-006, 600-230-007
Zoning: MUSP 300
Property Located Between: Hwy 111 & Jefferson St
Property Visibility: Excellent
Largest Nearby Street: Highway 111
Property Condition: Average
Year Built: 1966
Total Parking Spaces: 25
Sprinklers: Wet
Heat Source: Central
Air Conditioning: Air Curtain
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

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


Sponsoring Organization

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Desert Area Commercial Information Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.