Desert Rain Hot Mineral Spa Hotel

Hospitality for Sale
Sale Pending/Contingent
Catylist Listing ID: 30607214
Property Subtypes: Hotel
Status: Pending/Contingent
Number of Units: 40 Units
Building Size (RSF): 20,196 SF
Gross Building Area: See Agent
Gross Land Area: 1.67 Acres
Sale Price: $3,000,000
Unit Price: $75,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Name of Establishment: Desert Rain Hotel
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/17/2020

Overview / Comments

■ Lender Owned - Financing with 25-30% Down
■ Located in the Hot Mineral Water Spa Zone
■ One of 20 Hot Water Properties in Desert Hot Springs
■ A Great Opportunity to Redevelop Into a Health & Wellness Spa Resort
■ Located Near Historic Two Bunch Palms Resort
■ Healing Hot Mineral Water Pool with Covered Spa
■ Take Advantage of Opportunity Zone Tax Benefits

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 642-164-007
Zoning: V-S VISITOR SERVING
Retail Clientele: General, Business, Traveler, Tourist
Property Located Between: Miracle Hill Rd & Maui Way
Property Visibility: Excellent
Largest Nearby Street: Hacienda Ave
Area Description: Desert Hot Springs is known worldwide for it’s natural, therapeutic hot mineral waters. The mineral water is odor-free, low in sulfur, and rich in lithium. Desert Rain Hotel boasts beautiful views of Palm Springs, and 30 minutes from Joshua Tree National Park.
Nearby Attractions: Cabot’s Pueblo Museum Desert Hot Springs Town Center Desert Dunes Golf Club Palm Springs Air Museum Palm Springs Aerial Tramway Moorten Botanical Garden Panorama Park Desert Highland Park Cathedral Village Shopping
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Fair
Year Built: 1987
Year Renovated: 2000
Roof Type: Gable
Water Recreation: Outdoor Pool, Sauna, Spa
Total Parking Spaces: 64
Parking Type: Surface
Parking Description: 5 handicap, 59 regular Parking Ratio: 1.6/room
Laundry: Shared
Interior Description: (4) Double Queen Rooms w/ Kitchenette (29) Double Queen Rooms (5) King Rooms (2) Manager Apartments
Zoning Description: V-S Visitor Serving
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,214 34,145 40,979
Median Age: 28.08 32.4 35.04
Households: 2,552 11,294 14,225

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