010 Desert View Avenue - 20 Prime Ac Mineral Hot Springs Hospitality 20 Acres of Commercial Land Offered at $3,495,000 in Desert Hot Springs, CA 92240

ONLY $3,495,000 FOR QUICK ALL CASH CLOSE! WHOLESALE PRICED! 'DESERT VIEW/MOUNTAIN VIEW 20-ACRE HOT WATER RESORT' is a prime developable land property with hotel zoning (zoned 'VS' - Hotel/Hot Water Resort) in the city; and is also within the Hot Mineral Springs Zone with an existing hot water well (194 degree water). The property is located in the most desirable area of Desert Hot Springs and has spectacular views of the surrounding adjacent hills & Mt. San Jacinto. This irreplaceable property sets itself apart from the competition, and offers a peaceful and tranquil setting for a one-of-a-kind hot water resort. Attractions nearby include Cabot's Pueblo Museum, and spectacular hiking trails nearby and not far in Joshua Tree, and with only a 10-minute drive to Palm Springs. Potential buyers/developers should also consult with the city of Desert Hot Springs to see whether the city will apply the benefits of its Spa Revitalization Program to new construction. The Spa Revitalization Program allows operational spa properties that undergo renovations to apply to have 100% of the net increase in monthly transient occupancy tax waived for up to two years.