77-933 Las Montanas, Suite 101 Palm Desert, CA 92211 (760) 360-8200 fax (760) 360-7580 2/7/18kp Near Music Festivals Palm Shadow Inn on 4.47 Acres www.desertpacificproperties.com E-mail: [email protected] For further information, please contact: Or Visit us at our Website: DISCLAIMER: The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. Paula Turner BRE License # 00702492 [email protected] Susan Harvey BRE License # 00957590 [email protected] 80761 Highway 111 (Approximately 4.47 Acres), Indio FEATURES: • 19 rooms plus 2 bdrm manager’s apartment on 4.47 ac (adjacent 3.92 acres also available) • Walk to Coachella & Stagecoach Music Festivals • Access on 2 streets - Highway 111 & Youngs Lane • Close to Motorcoach Country Club & Outdoor Resorts, two luxury motor coach resorts • One half mile to bustling La Quinta retail corridor • Traffic Counts: 29,871 cars per day • The City of Indio, known as the “City of Festivals” plays host to the famous Coachella, Stagecoach and Desert Trip Music Festivals • Seller Financing Available • Asking Price: $1,950,000 Subject Property Highway 111 HUGE PRICE REDUCTION! Coachella Valley Tourism Industry Highlights t 13.6M visitors spent more than $5.5B in 2017 t $7B Economic Impact (9% increase over 2015) t 51,866 Industry Jobs (1,200 increase since 2010) t 2017 Y-O-Y: Hotel Occupancy: 2.7% Increase Average Daily Rate: 3.1% Increase

Palm Shadow Inn on 4.47 Acres - LoopNet€¦ · Palm Shadow Inn on 4.47 Acres ... 80761 Highway 111 (Approximately 4.47 Acres), Indio Site Aerial Site Information: Desert Pacific

Download PDF Report

Upload
others
View
11
Download
1

Embed Size (px)

Citation preview

Page 1: Palm Shadow Inn on 4.47 Acres - LoopNet€¦ · Palm Shadow Inn on 4.47 Acres ... 80761 Highway 111 (Approximately 4.47 Acres), Indio Site Aerial Site Information: Desert Pacific

77-933 Las Montanas, Suite 101 Palm Desert, CA 92211

(760) 360-8200 fax (760) 360-7580

2/7/18kp

Near Music FestivalsPalm Shadow Inn on 4.47 Acres

www.desertpacificproperties.com E-mail: [email protected]

For further information, please contact:

Or Visit us at our Website:

DISCLAIMER: The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property.

Paula TurnerBRE License # 00702492

[email protected]

Susan HarveyBRE License # 00957590

[email protected]

80761 Highway 111 (Approximately 4.47 Acres), IndioFEATURES:• 19 rooms plus 2 bdrm manager’s apartment on

4.47 ac (adjacent 3.92 acres also available)• Walk to Coachella & Stagecoach Music Festivals• Access on 2 streets - Highway 111 & Youngs Lane• Close to Motorcoach Country Club & Outdoor

Resorts, two luxury motor coach resorts• One half mile to bustling La Quinta retail corridor• Traffic Counts: 29,871 cars per day• The City of Indio, known as the “City of Festivals”

plays host to the famous Coachella, Stagecoach and Desert Trip Music Festivals

• Seller Financing Available• Asking Price: $1,950,000 Subject Property

Highway 111

HUGE PRICEREDUCTION!

Coachella Valley Tourism Industry Highlightst 13.6M visitors spent more than $5.5B in 2017t $7B Economic Impact (9% increase over 2015)t 51,866 Industry Jobs (1,200 increase since 2010)t 2017 Y-O-Y: Hotel Occupancy: 2.7% Increase Average Daily Rate: 3.1% Increase

80761 Highway 111 (Approximately 4.47 Acres), IndioSite Aerial

Site Information:

Desert Pacific Properties, Inc. 77-933 Las Montanas, Suite 101 Palm Desert, CA 92211 (760) 360-8200 fax (760) 360-7580

• Location: Located at the southwest corner of Highway 111 and Youngs Lane, at 80761 Highway 111, Indio.

• APNs/Parcel Sizes: 600-230-006 (2.31 acres), 007 (2.16 acres)

• Zoning: MUSP 300 (Highway 111 Corridor Mixed Use Specific Plan) Click for ordinance

• General Plan: Mixed Use - Specific Plan• Hotel Size: Two buildings totaling approx. 8,994 sf,

19 rooms on 4.47 acres• Average Room Size: 300 sf• Flood Zone: 500 Year• Adjacent Uses: Retail; vacant land.• Utilities: To site; Additional well on site• Lease Terms: $2,000 per month NNN• Year Built: Approximately 1966• Comments: Currently leased month-to-month.

Mixed use zoning allows for mixed residential, commercial, zero lot line developments and senior housing

Zoomed In Aerial with Approximate Dimensions

SITE

345 ft

325 ft31

8 ft

292

ft 272 ft148 ft

Street View

Adjacent3.92 ac

also available

Outdoor Resorts