$4,195,000
For Sale

Desert View Avenue

Desert Hot Springs, CA 92240
Courtesy of The Hoffman Company
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Description

'DESERT VIEW/MOUNTAIN VIEW 20-ACRE HOT WATER RESORT' is considered a prized developable land property given that is it known to the be the largest single parcel 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 - possibly the hottest in town). The subject 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. Outright Sale -OR- Long Term Land Lease for $17k per month.**Triple net lease with annual cost of living increases and lessee to also pay brokers' commissions, and all expenses associated with the property, including taxes and insurance. Suggested lease term of 34 years so as not to trigger property tax reassessment under California law. New Reports & Studies now available include: Topo, ALTA Survey, Geotechnical Report, Phase 1 Report, and Conceptual Site Plan for 100-Unit Hotel plus up to 28 Casitas and a 6,000 s.f. Spa.
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  • Property Details
    • Property
      • View:CityLights, Hills, Mountains
    • Measurements
      • Acres:0.0005
  • Construction Details
    • Type & Style
      • Property type:Purchase
  • Utilities / Energy Details
    • Utility
      • Sewer information:Other, Unknown
  • Community and Neighborhood Details
    • Location
      • County:Riverside
    • Community
      • Subdivision:Not Applicable-1
  • Financial Details
    • Pricing Details
      • Original List Price:$3, 999, 999
      • Selling Office Commission:2.500
  • Other
    • Source
      • MLS #:219045324DA

Location

J&J Arias of The Associates Realty GroupReal Estate Group
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