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$5,450,000

Beds
21
Baths
21.0
sq ft
11,257

12921 Tamar Dr, Desert Hot Springs, CA 92240

12921 Tamar Dr

Desert Hot Springs, CA 92240

  • 18 days on market
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!

Details

Property type

Lot size

Unknown

Price per sq ft

$485

Year built

1960

Price History

12/05/2024
DesertArea

DesertArea #219120939

Listed
$5,450,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/22/2024 at 7:25 PM

Listing updated: 12/05/2024 at 2:20 PM

Listed by: Adam M Gilbert, The Firm Brokerage Phone #: (760) 408-8874

MLS: DesertArea #219120939

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