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$ 6,000,000
Est. payment | /mo
12,202 SqFt
$ 6,000,000
Est. payment | /mo
12,202 SqFt
Key Details
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Active
Purchase Type For Sale
Square Footage 12,202 sqft
Price per Sqft $491
MLS Listing ID 219121871
HOA Y/N No
Year Built 1951
Lot Size 1.190 Acres
Property Description
Presenting a rare opportunity to own a piece of Palm Springs history: one of its most iconic hotel properties, ideally situated on bustling Palm Canyon Drive in the heart of downtown. Nestled amongst vibrant restaurants, retail shops, and nightlife, this 1.19-acre property borders the prestigious Old Las Palmas and Movie Colony neighborhoods. Currently operating as a clothing-optional men's resort, the property is zoned R-3 Multi-Family Residential and Hotel, offering diverse possibilities for future development. Built in 1951 as the La Fonda Hotel, the property features 32 guest rooms ranging from 300-400 square feet, eight of which include full kitchens. All rooms offer picturesque views of either the surrounding mountains or the expansive pool area. Amenities include a welcoming lobby, business center, large resort-style pool and spa, on-site laundry, playroom, steam room, and sauna. A significant undeveloped portion of land (approximately 9,000 sq ft) at the southeast corner presents exciting potential for expansion or new construction. While the location is undeniably prime and the original architecture is iconic, the property is in need of updating. Offered as-is, with the seller making no repairs or credits. Buyers are advised to conduct their own due diligence.
Location
State CA
County Riverside
Area 332 - Palm Springs Central
Others
Special Listing Condition Standard
Listed by Compass
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Armand Martin
Agent | License ID: 02140006