Desert Vw Ave Mtn Vw Rd Desert Hot Springs, CA 92240
- Land
- 20.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Desert Vw Ave Mtn Vw Rd
- Lot size
- 20.00 lot acres
- Property type
- Land
Description
This exceptional 20-acre parcel in Desert Hot Springs, California, presents a unique investment opportunity. Located at the northwest corner of Desert View Avenue and Mountain View Road (zip code 92240), this property boasts panoramic mountain and valley views and is the largest single parcel in the city zoned for hotel/hot water spa use. An existing 194-degree hot water well is a key feature. The site is ideally situated in a desirable area, offering a tranquil setting for a high-end resort development. Extensive due diligence has already been completed, including a topographic survey, ALTA survey, geotechnical report, Phase 1 Environmental Site Assessment, and a conceptual site plan for a 100-unit hotel, up to 28 casitas, and a 6,000 square foot spa. Nearby attractions include Cabot's Pueblo Museum and numerous hiking trails, with Palm Springs just a short drive away. The asking price is $4,195,000. A long-term land lease option is also available, at $17,000 per month, with a suggested 34-year term. The lease would be a triple net lease, with annual cost of living increases and the lessee responsible for all property expenses, including taxes and insurance.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Desert Hot Springs
- County
- Riverside
- State
- California
- Longitude
- -116.475
- Latitude
- 33.9577
