East Palm Canyon Redevelopment
For Sale
$12,475,000
1201 1243 1269 East Palm Canyon Drive, Palm Springs, CA 92264
Prime redevelopment opportunity in the East Palm Canyon Corridor.
Property Size74,291 SF
Lot Size1.34 Acres
Price / SF$2,851
Days on Market174
Property Features for 1201 1243 1269 East Palm Canyon Drive
General Information
Standard status
Active
Size
74,291 SF
Lot size
1.34 Acres
Property subtype
Hospitality
Building Details
Building Size
74,291 SF
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
Changed: Aug 26
Last Checked: Aug 26 at 7:29AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,635
Businesses Nearby
Explore this area
Business Placement
Demographics for 92264, CA
19,254
Population
17,518
Households
1.1
Avg Household Size
61
Median Age
48%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
378
Density / Sq Mi
$75,246
Median Household Income
$46,756
Median Earnings
$1,581
Median Rent
$498,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
