Palm Springs Boutique Hotel
530 E Mel Ave Palm Springs, CA 92262
530 E Mel Ave, Palm Springs, CA, 92262
$1,950,000
For Sale
$1,950,000
10-unit hotel with development potential in prime location.
Lot Size0.14 Acres
Days on Market136
Property Features for 530 E Mel Ave
General Information
- Standard status
- Active
- Lot size
- 0.14 Acres
- Property subtype
- Hospitality
Building Details
- Year Built
- 1946
Listing Agency
Coldwell Banker Commercial Lyle & Associates
(760) 774-6533
Listed by
Michael Lyle · License #CalDRE #02002995
Source
Cbclyle
Added: Mar 5 Checked: Jul 19 at 4:20 am
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Investment Insights
Based on property information with market context.
This 10-unit boutique hotel in Palm Springs presents an opportunity with significant upside potential. The property is centrally located with convenient access to downtown and Uptown, surrounded by dining, shopping, and entertainment venues. Zoned R2, the property is permitted for various income-generating uses, including a hotel, wedding venue, and traveling nurse housing, offering multiple revenue streams. The site includes 6,098 square feet (0.14 acres) of vacant land, suitable for additional rooms, parking, event space, or future expansion to increase revenue potential. Its location across from Desert Regional Hospital makes it suitable for traveling nurse housing, rehabilitation programs, or extended stay accommodations.
Key Highlights
- Prime Palm Springs location, centrally located with easy access to downtown and Uptown dining, shopping, and entertainment.
- SBA Foreclosure Opportunity priced at $195,000 per room, offering significant upside potential.
- Versatile R2 Zoning permits hotel, wedding venue, traveling nurse housing, and other income‑generating uses.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
THE WESTCOTT Boutique Hotel
Hotel & Motel
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FAQs
What type of property is this?
Hotel - 10-unit hotel with development potential in prime location.
Where is this hotel located?
The property is located at 530 E Mel Ave Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime Palm Springs location, centrally located with easy access to downtown and Uptown dining, shopping, and entertainment.; SBA Foreclosure Opportunity priced at $195,000 per room, offering significant upside potential.; Versatile R2 Zoning permits hotel, wedding venue, traveling nurse housing, and other income‑generating uses.
