Desert Hot Springs, CA 92240,12801 Tamar DR
Desert Hot Springs, CA 92240,12801 Tamar DR
Desert Hot Springs, CA 92240,12801 Tamar DR
23
$1,575,000
$1,800,000
12.5%
Est.Price: ?

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0.57 Acres Lot

12801 Tamar DR Desert Hot Springs, CA 92240

Est. payment /mo
SOLD DATE : 11/11/2024

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Key Details

Sold Price $1,575,000

Property Type Commercial

Sub Type Hotel-Motel

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 219107498

Sold Date 11/11/24

HOA Y/N No

Year Built 1961

Lot Size 0.570 Acres

Property Description

Lido Palms Located at 12801 Tamar Dr, Desert Hot Springs, CA 92240 is an investment opportunity to own a mineral hot springs hotel in the heart of Desert Hot Springs, California. This hotel is ready day one and the location offers some of the most incredible views.

The subject property comprises a 10-room resort and spa with spa treatment rooms, owners/managers units, and generous poolside areas for quiet relaxation. Lido Palms has a welcoming lobby, front desk, back office, storage room, and a large pool with outside and indoor spa area. A popular spot for group retreats, the spacious resort rooms are designed with a warm modern touch.

Strategically located in Desert Hot Springs, known to have the world's best source of fresh hot mineral water for drinking to help aid nutrition and bathing to improve circulation and located within the Coachella Valley, in the foothills of Joshua Tree National Park in Southeastern California, a premium tourist destination for those seeking an authentic spa experience, the tranquility of the natural desert environment, and the therapeutic benefits of its mineral-rich waters. Lido Palms, with its immaculate appearance, superb condition, and excellent location, should continue to enjoy increased occupancy and profitability.

Location

State CA

County Riverside

Area 340 - Desert Hot Springs

Others

Special Listing Condition Standard

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Listed by BP Homes

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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