Listed by David Emerson, Coldwell Banker Realty,

711 Riverside Drive

Palm Springs, CA, 92264

$4,200,000

$4,200,000
Active
Active
 - For Sale
property_type
Commercial
calendar
Built 1955
An Incredible Opportunity To Own The Wesley, A Highly Successful Boutique Hotel In The Heart Of Palm Springs. Located In The Tahquitz River Estates Neighborhood Of South Palm Springs & Only Minutes Away From Downtown Palm Springs, Is This 9 Door Hotel. 7 Of The Units Are Studio Style With Kitchens. 1 Unit Has A Living Room, Kitchen Plus Bedroom & Bathroom. The Honeymoon Suite Features A Full Sized Living Room and Kitchen Plus 2 Bedrooms & 2 Bathrooms. The Mid Century Modern Style Of This Hotel Along With The Beautiful Interior Design, Make It A Featured Destination That Is Desired By All. The Property Is Currently Ran By An Experienced & Seasoned Management Company That Specialized In Branding And Operating This Type Of Property. This Is A Hybrid Hotel Situation With Huge Upside Potential & Cap Rate Opportunity North Of 10%! For Additional Details Please Contact Listing Agent.
MLS® ID:
219085008PS
Updated:
2/3/23

Exterior/Building Features

Lot Size
0.29 acres lot

Other Property Details

Area Name
334 - South End Palm Springs
Garage
No
Parking
N
View
N
County
Riverside
Pool
No
Total Stories
2
Buyer Agency Compensation
2.500

Listed by Coldwell Banker Realty, David Emerson,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 2/3/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 7:56 AM UTC, 2/3/23

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