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9 Palms Inn 73193 29 Palms Hwy 12 Room Hotel 29 Palms, CA 92277 $6,890,700 CAD ($574,225 CAD/Room)
Investment Highlights
- Historic 12-unit hotel constructed in 1947 with distinctive character.
- Located near established commercial and residential areas.
- Strong market fundamentals support long-term value growth.
- Convenient access to major highways and regional transportation routes.
- Flexible development potential for multiple property uses.
- Positioned to benefit from ongoing regional economic expansion.
Executive Summary
This unique 12-unit Hotel from 1947 became a Hollywood darling in the 50's and frequented in the past by Steve Jobs's Guru Yoga Ananda. The 9 Palms Inn has living quarters on site for owner/manager including laundry and storage facilities. It offers a valuable opportunity for investors or developers seeking a well-located site with strong growth potential. Positioned within an established area, the property provides convenient access to major transportation routes, supporting both local and regional connectivity. Its location near key commercial corridors and residential communities enhances long-term value and development flexibility. Whether envisioned for retail, office, or mixed-use purposes, this parcel delivers a versatile foundation for future projects. With demand for quality land continuing to rise, this site represents a compelling acquisition for those focused on strategic positioning and sustained appreciation.
Property Facts
| Price | $6,890,700 CAD | Building Size | 6,639 SF |
| Price Per Room | $574,225 CAD | No. Rooms | 12 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1940 |
| Property Subtype | Hotel | Parking Ratio | 4.07/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.96 AC | ||
| Zoning | NA - No Zoning | ||
| Price | $6,890,700 CAD |
| Price Per Room | $574,225 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.96 AC |
| Building Size | 6,639 SF |
| No. Rooms | 12 |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 4.07/1,000 SF |
| Corridor | Exterior |
| Zoning | NA - No Zoning |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 12 | $122.65 CAD | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
20/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0617-041-21 | Improvements Assessment | $481,063 CAD |
| Land Assessment | $71,277 CAD | Total Assessment | $552,341 CAD |
Property Taxes
Parcel Number
0617-041-21
Land Assessment
$71,277 CAD
Improvements Assessment
$481,063 CAD
Total Assessment
$552,341 CAD
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9 Palms Inn | 73193 29 Palms Hwy
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