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Sold Date9/14/2021
Closed

61940 Twentynine Palms HighwayJoshua Tree, California CA92252-5501

Listing IDJT20052810

2,100 SqFt

$625,000

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.
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