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    55860 Haugen Lehman Way

    331 - North End Palm Springs, CA 92282
    • $8,450,000
    • STATUS: Active Under Contract
    • ON SITE: 179 days
    • ID#: 20587354
    Under Contract
    UPDATED: 69 min ago
    $8,450,000
    • 0
      BEDS
    • 7.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Unique chance to occur two APNs totaling of 7.23 acre of land along with the compound of 6 commercial buildings are located in mins from FWY 10 in close proximity to Cabazon,Morongo and Palm Springs.The architecture and location of this site are perfect for any retail plazas as well as for the resorts, hotels, any kind of facilities. There is also a great possibility for cannabis industry due to sellers submitted applications for manufacturing, cultivation and distribution. Thats a real choice to create ultimately any kind of businesses. Buildings have 25-30 high ceilings and Mountain Views. There are huge aquatic center w enormous pool, restaurant w fully equipped kitchen, gym, former half-way house with 160 rooms for occupancy of 320 people. Building 1 - 26,910sq.ft. Building 2 - 13,200sq.ft, Building 3 - 3,000 sq.ft, Building 4 (dining hall/restaurant/kitchen) - 10,300sq.ft, Building 5 (aquatics center) - 7,200 sq.ft., Building 6 (administrative) 3,960 sq.ft.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-02T07:29:11.137. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/106596724
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    55860 Haugen Lehman Way 331 - North End Palm Springs, CA 92282

    • Price: $8,450,000
    • Status: Active Under Contract
    • Updated: 69 min ago
    • ID#: 20587354
    0
    Beds
    0
    Baths
    0
    ½ Baths
    7.23
    Acres
    1965
    Built
    Neighborhood:
    331 - North End Palm Springs
    County:
    Riverside
    Area:
    331 - North End Palm Springs
    Property Description
    Unique chance to occur two APNs totaling of 7.23 acre of land along with the compound of 6 commercial buildings are located in mins from FWY 10 in close proximity to Cabazon,Morongo and Palm Springs.The architecture and location of this site are perfect for any retail plazas as well as for the resorts, hotels, any kind of facilities. There is also a great possibility for cannabis industry due to sellers submitted applications for manufacturing, cultivation and distribution. Thats a real choice to create ultimately any kind of businesses. Buildings have 25-30 high ceilings and Mountain Views. There are huge aquatic center w enormous pool, restaurant w fully equipped kitchen, gym, former half-way house with 160 rooms for occupancy of 320 people. Building 1 - 26,910sq.ft. Building 2 - 13,200sq.ft, Building 3 - 3,000 sq.ft, Building 4 (dining hall/restaurant/kitchen) - 10,300sq.ft, Building 5 (aquatics center) - 7,200 sq.ft., Building 6 (administrative) 3,960 sq.ft.
    Exterior Features

    Lot Size Source Owner Lot Size Units Square Feet Parking Features Oversized Parking YN Yes View Mountain(S) View YN Yes

    Interior Features

    Cooling Central Air Cooling YN Yes Heating Combination Heating YN Yes

    Property Features

    Additional Parcels YN Yes Country Us Gross Income 3456000.00 Gross Multiplier 2.45 Gross Operating Income 2900000.00 Net Operating Income 1800000.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 1656000.00 Vacancy Allowance Rate 100.00 Zoning R-R

    Listing provided courtesy of Victoria Gureyeva of Amulet Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-02T07:29:11.137. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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