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Desert Hideaway 64491 Twentynine Palms Hwy

6 Room Hotel Joshua Tree, CA 92252 $1,630,090 CAD ($271,682 CAD/Room) 5.90% Cap Rate

Investment Highlights

  • Spin and Margie's Desert Hideaway | 6.06 Acres | 263,973 SF | 3 Parcels
  • Spacious Grounds, Including a Large Swimming Pool, an Uncommon Amenity in the Surrounding Area
  • Site is Situated on the Main Highway which Links Joshua Tree to Twentynine Palms to the East and Yucca Valley to the West
  • Peaceful, Quaint, and Quiet 6-unit Compound - Situated within Hiking Distance of the Joshua Tree National Park
  • Adjacent Parcels of land Offer Ample Room for Expansion and/or Residential Development

Executive Summary

The Agnew | Serling Group of Marcus & Millichap is pleased to present for Sale, The Desert Hideaway, located at 64491 Twentynine Palms Highway, in Joshua Tree, CA. This peaceful, quaint, and quiet 6-unit compound, situated within hiking distance of the Joshua Tree National Park, offers tranquility, privacy, and all the comforts of home in a beautiful, relaxing setting.
Spin and Margie’s Desert Hideaway, established in 2001, is part Mexican Hacienda, and part Artist’s or Spiritualist’s Retreat. The grounds are spacious, and include a large swimming pool, an uncommon amenity in the surrounding area. The adjacent parcels of land offer ample room for expansion and/or residential development.
The site is situated on the main Highway which links the communities of Twentynine Palms to the East and Yucca Valley
to the West, leading down the mountain to the Palm Springs area below. The site offers easy accessibility, and proximity to many local attractions, such as the West Entrance to the National Park and the Joshua Tree Visitors Center which are within 5 minutes’ drive. Yet, once inside the fenced and hedged private grounds, visitors find themselves in a secluded desert oasis, set back from the Highway, with a tree-lined courtyard at its center.
Check out Desert Hideaway Review's, Bookings, & More...
https://www.tripadvisor.com/Hotel_Review-g32544-d271430-Reviews-Spin_and_Margie_s_Desert_Hideaway-Joshua_Tree_California.html
https://www.oyster.com/joshua-tree/hotels/spin-and-margies-desert-hideaway/
https://www.hotels.com/ho2967398208/the-western-nomad-spin-margie-s-desert-hideaway-joshua-tree-unitedstates-of-america/
https://www.yelp.com/biz/spin-and-margies-desert-hide-a-way-joshua-tree
https://www.orbitz.com/Twentynine-Palms-Hotels-Spin-And-Margies-Desert-Hideaway.h10534135.Hotel-Information

Property Facts

Price $1,630,090 CAD
Price Per Room $271,682 CAD
Sale Type Investment
Cap Rate 5.90%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 6.06 AC
Building Size 4,064 SF
No. Rooms 6
No. Stories 1
Year Built 1960
Corridor Exterior

Amenities

  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 6 $144.58 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0607-101-23
  • 0607-101-21
  • 0607-101-22
Land Assessment
$964,362 CAD
Improvements Assessment
$1,327,262 CAD
Total Assessment
$2,291,624 CAD

zoning

Zoning Code JTRL
JTRL
  • Listing ID: 29941666

  • Date on Market: 2023-11-01

  • Last Updated:

  • Address: 64491 Twentynine Palms Hwy, Joshua Tree, CA 92252

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