12921 Tamar Drive

Desert Hot Springs, CA 92240 Active for $5,450,000
 


Beds: N/A  Baths:   Structure Size: N/A sqft  Lot Size: 1 sqft


Property Facts
MLS 219120939PS
Year Built 1960
Property Type
County Riverside
Status Active
Active $5,450,000
Structure Size N/A sqft
Lot Size 1 sqft
Beds N/A
Baths

Description

Amazing down-to-the-studs renovated Hospitality investment opportunity; Introducing The Onsen Hotel, the highest-rated and best-reviewed hotel in beautiful Desert Hot Springs California! This #1 ranked hotel on Trip Advisor is adult-only and pet-friendly with several other unique amenities including Mineral Water spa packages, deluxe breakfast, and a bevy of room & bed options to choose from. The Hotel, Spa space, pool, and 21 current rooms have been fully renovated and finished with unique luxury finishes sure to please every discerning guest, and the next owner has the option to alter the offering and create 2 additional rooms for increased Revenue and NOI. The purchase also comes with the adjacent lot to be developed to spec with its own mineral water well, allowing the next owner to develop additional rooms, a separate spa facility, or anything else you can imagine. Desert Hot Springs Values continue to rise as the market is edged out of Palm Springs proper, come get your hands on this great hospitality property before its too late!

Listing information courtesy of: Adam Gilbert, The Firm Brokerage (760) 408-8874. *Based on information from the Association of REALTORS/Multiple Listing as of 12/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Location


Walkscore

Car-Dependent

31%

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