Price Reduction
Address
61940 Twentynine Palms Highway Joshua Tree, CA
Price
$ 699,900
Property Attributes
  • MLS#JT20052810
  • TypeCommercial
  • CountySAN BERNARDINO
  • CityJoshua Tree
  • AreaJoshua Tree Village
  • Zip92252
  • StyleHotel/Motel
  • Price$ 699,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2100
Listing Provided Courtesy Of:
Thomas Murtagh with 29 Palms Realty.
Property 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.

Price History
3/11/2020 Listed $725,000
9/3/2020 4% - $699,900

General Features

Construction Materials Brick
Directions One block east of Park Avenue/Highway 62 Intersection in downtown Joshua Tree.
Heating Natural Gas
Listagentaor Joshua Tree Gateway
Listing Agent Thomas Murtagh - BRE#02041938
Listing Agent State License 02041938
MLS Area DC612 - Joshua Tree Village
Price Per Square Foot 333.29
Property SubType Hotel/Motel
Property Type Commercial Sale
Roof Rolled/Hot Mop
Source System CRMLS
Special Listing Conditions Standard
Total Units 5

Interior Features

Air Conditioning Y/N Yes
Condo Area Unit Type Square Feet
Heating Y/N Yes
Laundry Features None
Total Stories 1
Utilities Cable Available, Electricity Connected, Phone Available

Exterior Features

Building Area Total 2100.00
Fence Y/N Yes
Lot Size Source Assessor
Total Parking 10.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92252

Price
AVG $890K
$700K
Visits
AVG 22
13
Year Built
AVG 1970
1948

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