Palm Springs Boutique Hotel
For Sale
$1,950,000
530 E Mel Ave, Palm Springs, CA 92262
10-unit hotel with development potential in prime location.
Property Size4,072 SF
Lot Size0.14 Acres
Days on Market182
Property Features for 530 E Mel Ave
General Information
Standard status
Active
Size
4,072 SF
Lot size
0.14 Acres
Property subtype
Hospitality
Building Details
Building Size
4,072 SF
Year Built
1946
Listing Agency:
Coldwell Banker Commercial Lyle & Associates
Listed By:
Michael Lyle · License #CalDRE #02002995
(760) 774-6533
Source:
Cbclyle
Added: Mar 5
Changed: Sep 2
Last Checked: Sep 2 at 2:10PM
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.
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,588
Businesses Nearby
Explore this area
Business Placement
Demographics for 92262, CA
26,593
Population
19,940
Households
1.3
Avg Household Size
54
Median Age
42%
College-Educated
93%
High-School Grad
35.1 sq mi
ZIP Area
758
Density / Sq Mi
$70,514
Median Household Income
$42,940
Median Earnings
$1,420
Median Rent
$600,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
