East Palm Canyon Redevelopment
1201 1243 1269 East Palm Canyon Drive Palm Springs, CA 92264
1201 1243 1269 East Palm Canyon Drive, Palm Springs, CA, 92264
$12,475,000
For Sale
$12,475,000
Prime redevelopment opportunity in the East Palm Canyon Corridor.
Property Size4,375 SF
Lot Size1.34 Acres
Price / SF$2,851
Days on Market135
Property Features for 1201 1243 1269 East Palm Canyon Drive
General Information
- Standard status
- Active
- Size
- 4,375 SF
- Lot size
- 1.34 Acres
- Property subtype
- Hospitality
Building Details
- Year Built
- 1978
Listing Agency
Coldwell Banker Commercial Lyle & Associates
(760) 774-6533
Listed by
Michael Lyle · License #CalDRE #02002995
Source
Cbclyle
Added: Mar 5 Checked: Jul 17 at 5:34 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Lyle & Associates
Investment Insights
Based on property information with market context.
Located in the East Palm Canyon Corridor, this property presents redevelopment opportunities. The site is situated between the Ace Hotel and the Saguaro Hotel, within a wind-free area of Palm Springs. The land is ground leased from the Agua Caliente Indians, with other hotels, restaurants, shopping centers, and condominium projects present throughout the corridor. A new 99-year lease term has been executed, with a start date of May 1, 2024. The property includes three parcels: 1201 East Palm Canyon Drive, featuring an approximately 7,500 square foot restaurant on approximately 1.34 acres (APN 511-020-037); 1243 East Palm Canyon Drive, featuring an approximately 4,375 square foot restaurant on approximately 0.94 acres (APN 511-020-038); and 1269 East Palm Canyon Drive, featuring a 143-room hotel on approximately 4.71 acres (APN 511-020-039).
Key Highlights
- Prime location in the highly desirable East Palm Canyon Corridor, between the Ace Hotel and the Saguaro Hotel.
- Redevelopment opportunity with a new 99‑year ground lease term starting May 1, 2024.
- Portfolio includes a 143‑room hotel and two restaurant properties.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Denny's
Restaurant
The Burger Den
Restaurant
The Meltdown
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Hotel - Prime redevelopment opportunity in the East Palm Canyon Corridor.
Where is this hotel located?
The property is located at 1201 1243 1269 East Palm Canyon Drive Palm Springs, CA.
What is the asking price?
The asking price for this property is $12,475,000.
What are key features of this property?
This property features: Prime location in the highly desirable East Palm Canyon Corridor, between the Ace Hotel and the Saguaro Hotel.; Redevelopment opportunity with a new 99‑year ground lease term starting May 1, 2024.; Portfolio includes a 143‑room hotel and two restaurant properties.
