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Description

Great potential for an assisted living facility or condos. This is a leasehold interest on 7.45 acres. It is located in the central portion of Palm Springs directly catty-corner to the Palm Springs Convention Center. This site was originally planned for an 81 unit townhome development named Privado. Now existing on the property are five units, origilally developed in the 1960s. The budgeted gross rental income for the units for 2011 is $75,780. This site is located in the Aqua Caliente Indian Jurisdiction and is subject to ground leases. THIS PROPERTY IS ALSO LOCATED NEXT TO "THE MORRISON" A 53 UNIT SINGLE FAMILY HOME DEVELOPMENT. PRICES AT THE MORRISON BEGIN AT $475,000. Building price details: $1,950,000.

Property Details

• Type: Land
• Status: Available
• Lot Size: 7.450 Acres
• Buildings: 1

Map Locations