$699,900

61940 Twentynine Palms Highway

Joshua Tree CA, 92252

Description

Downtown Joshua Tree Hotel For Sale!!! Once in a decade opportunity. This five-unit property sits exquisitely in the hub of the Hi-Desert, downtown Joshua Tree. With charming brick construction of 1940's vintage this property evokes the Western past of the Mojave desert and has massive appeal to contemporary clients who love the desert and all its glory. With high ceilings, simple kitchenettes, plenty of parking, charm galore this amazing property sits directly across from The Station Gift Shop and all the other boutiques, restaurants and energy that permeates Joshua Tree in 2020. It sits on over half an acre of land which has further potential for additional units, more parking and perhaps a swimming pool. The cap rate potential on this property is amazing and this is a golden opportunity for a savvy investor seeking a pride-of-ownership, marquee property. Come and take a look at something special and rare. It is currently used as month-to-month rentals but its highest and best use is as the vacation rental destination sitting in the heart of everything. Hurry.

Details

MLS#JT20052810
Listing TypeFor Sale
StyleHospitality
Sub-TypeResale
StatusActive Under Contract
Year1948
Days On Site254

Features

SQ Feet2,100
Story(s)1
Units5

Market Activity 92252

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Area Information
StateCA
CountySan Bernardino
CityJoshua Tree
Zip Code92252
AreaDC612 - Joshua Tree Village
Listing VS Median (in 92252)
Price:
$699,900
low | high
Med:
$59,000
100% of Average
SqFt:
2,100
low | high
Med:
0
100% of Average
$ / SqFt:
$333
low | high
Med:
$0
100% of Average
On Site:
254
low | high
Med:
31
100% of Average
Listing Updated: December 4, 2020 5:10:26 AM PST
Thomas Murtagh LogoMLS Number: JT20052810
Listing Provided By:
Thomas Murtagh  of  29 Palms Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.