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Taking Back Up Offers ONLY
Palm Tree Inn @ 84115 INDIO BLVD., Indio, CA 92201
$1,000,000
70
10,000 SF
$14,285.71
Hotel & Motel
Economy/ Limited Service
Investment
2%
$55
12%
1
Yes
234,353 SF
603-050-001
-
Find Out More...
Last Verified 1/5/2012
Listing ID 15962069
Highlights
REMODELLED-HVAC, Windows, Electrical, Plumbing, Drywall, Doors, Paint & Carpet- New Beds in 2009
- Newer Furniture- Check out photos
- Bathroom and plumbing updated 2008/2009
- New Windows, Dry Wall, Carpet, Paint 2008/2009
- 2 Bedroom, 2 Bath Manager Qtrs plus apartment
Description
TAKING BACK UP OFFERS ONLY. 10/27/2011 $1,000,000-$1,199,999 Value Priced-make an offer. Call for information regarding financing 35% down SBA or other terms. Seller may consider a small carry back.
Newly Remodelled 70 Units + 2 commercial units (one was Country Kitchen Restaurant, 2nd restaurant could be conference center, dance hall, bar or gift shop).
Reduced from $4.2M- Make your best deal. Below Replacement Cost!
** Senior Housing is an option for this updated, single story motel **. Truck and RV Parking Available.
234,352.8 Square foot lot. (approx. 5.38 acres) Ideal for redevelopment.
Riverside County. Near INDIAN GAMING Casinos And Freeway On Ramp-Busy Street.
DESERT COMMUNITY- Palm Springs/Coachella Valley Area
CITY OF FESITVALS Indio is host to events that attract local residents and visitors to enjoy Native American PowWows, the Southwest Arts Festival, Coachella Valley Music & Arts Festival, nightly Arabian Nights Pageant, National Date Festival, Horse Shows in the Sun, Indio International Tamale Festival, private and public championship golf courses, Country Festival, Salsa Festival , Family Motor Coach Association Western Area Rally, patriotic Fourth of July celebration, Palm Springs Kennel Club Dog Show, Fantasy Springs Resort Casino, food and balloon festivals in addition to the only Date Festival in the world.
Indio is expected to continue to outpace the state' s growth rate. The Coachella Valley is among the fastest growing regions in California.
| Description | No. Rooms | | |
|---|
| 70 Remodelled Rooms | 70 | | |
| New Beds | 70 | | |
| New Bathrooms with tile showers/tub | 70 | | |
| Furniture to remain-GREAT Condition! | 70 | | |
| 2 Restaurants on property | 70 | | |
Map of Palm Tree Inn @ 84115 INDIO BLVD., Indio, CA 92201 (Riverside County)
Created 10/27/2008
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Additional Information for 84115 Indio Boulevard, Indio, CA 92201
View the Property Record for this address to access additional information such as historical listings, property details, tax details, owners, mortgages, tenants, and more.
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P