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$ 1,650,000
Est. payment | /mo
3,500 SqFt
$ 1,650,000
Est. payment | /mo
3,500 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $471
MLS Listing ID CL26638757
HOA Y/N No
Year Built 1957
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Other
Property Description
Sagewater Hotel and Mineral Springs is a 5-star rated wellness retreat on Google and the #1 ranked hotel on TripAdvisor in Desert Hot Springs - California's renowned Spa City. This award-winning mid-century modern boutique hotel, originally built in 1957, has been thoughtfully renovated to honor its iconic design. Sagewater is one of the last remaining mid-century modern hotels in the area, prime for development, with a unique opportunity to purchase five (5) surrounding vacant lots Zoned Visitor Commercial that offer a rare option to expand into a larger wellness destination. Eight guest rooms plus Office and Laundry Room surround the geothermal pool, offering sweeping desert and San Jacinto Mountain views, with in-room kitchens and refined amenities. One of the rooms is currently operated as a highly successful on-site spa which has validated strong demand for expansion of additional wellness rooms on vacant lots. At the heart of the property is a rare geothermal mineral water well, supplying a 80-90 degree mineral pool and 102-104 degree spa renowned for their therapeutic benefits. Set atop Miracle Hill, the hotel enjoys panoramic views across the Coachella Valley and is proximal to Greater Palm Springs, Palm Springs International Airport, and Joshua Tree National Park. Exceptional, one-of-a-kind asset with significant development upside. This property is not just an investment; it's an opportunity to own a piece of the desert's heart and history. Sale includes Hotel on 8712 sq. ft. Lot, Mineral Well, All FF&E, Website, Social Media and systems in place. Also available for purchase are 5 additional lots each about 8900 sq. ft., Please see images for lot locations. Please contact listing agent for Offering Memorandum and more information.
Location
State CA
County Riverside
Zoning Commercial
Interior
Heating Natural Gas
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Exterior
View Y/N true
View City Lights, Mountain(s), Other
Building
Sewer Other
Water Other
New Construction No
Others
Tax ID 642111021
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Listed by Paul Fisher • Compass
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