145 W Route 66, Williams, AZ 86046

$2,450,000

Property Type: Commercial/Indstrial Square Footage: 12,438 Lot Size (sq. ft.): 13,504 Status: Closed

Current Price: $2,450,000 List Date: 4/18/2023 Last Modified: 12/11/2023

Overview

Description

Owner May Carry! The Historic Grand Canyon Hotel in the heart of Downtown Williams is For Sale! Built-in 1891 it holds the title of the oldest Hotel in AZ and is located at the gateway to the Grand Canyon. She boosts 26 hotel rooms. Each room is themed and individually decorated. 3 retail spaces with street fronts provide excellent annual incomes. This grand hotel is within walking distance of many fine restaurants and shops. Just down the road is Bearazona and the Grand Canyon Railway. Its location is perfect. A 2021 Phase I is on file. The Hotel enjoys a beer and wine license. Parking is free. 2005 remodel included a 600 amp electrical service, new sewer lines, pex plumbing, and electrical and room renovations. This seasonal hotel is generally open from April - October.

Listing Details MLS# 1055367

ContractAddressLegal

Original List Price: 3950000
Listing Price: 3400000
Street #: 145
Direction: W
Street Name: Route 66
City/Township: Williams
State: AZ
Zip Code: 86046
County: Coconino
Tax Parcel: 201-08-014

General Property Description

Aprx Acres: 0.31
Buildings: 2
Total Liveable SqFt: 12438
Source of Measuremnt: County Assessor
Stories: 2
Floor: 3
Year Built: 1891
Management: Owner
NOI $: 191873
Cap %: 4
Baths - Full: 32
GRM: 10.49
Date Available: 2023-04-18
Amps: 600
Parking Spaces: 0
Vac Rate %: 0
CAM $: 0
CC & R Fees: 0

Tax Info

Taxes: 9533.72
Tax Year: 2023

Status Change Info

Under Contract Date: 2023-10-17
Sold Date: 2023-12-07
Sold Price/SqFt: 197
Financing: Owner Will Carry

Contract/Address/Legal

List Price/SqFt: 273
Comm Type: Hotel/Motel
REO/Short Sale: Not Applicable
Zoning: HP
Business Name: Grand Canyon Hotel
Business Type: Hotel/Retail
Assessor's Book #: 201
Assessor's Map #: 8
Assessor's Parcel #: 14
Legal: LOT 11&12 BLOCK 16 WILLIAMS TOWNSITE

Remarks & Misc

Directions: On the corner of Old Route 66 and Grand Canyon Blvd.
Remarks: Owner May Carry! The Historic Grand Canyon Hotel in the heart of Downtown Williams is For Sale! Built-in 1891 it holds the title of the oldest Hotel in AZ and is located at the gateway to the Grand Canyon. She boosts 26 hotel rooms. Each room is themed and individually decorated. 3 retail spaces with street fronts provide excellent annual incomes. This grand hotel is within walking distance of many fine restaurants and shops. Just down the road is Bearazona and the Grand Canyon Railway. Its location is perfect. A 2021 Phase I is on file. The Hotel enjoys a beer and wine license. Parking is free. 2005 remodel included a 600 amp electrical service, new sewer lines, pex plumbing, and electrical and room renovations. This seasonal hotel is generally open from April - October.

More Information

Office/Member Info

Listing Exclusions: No

Building Type

Motel/Hotel: Yes
Retail - Shopping Center: Yes

Construction

Frame - Wood: Yes

Cooling

Ceiling Fan(s): Yes
Room A/C: Yes

External Amenities

Storage Yard: Yes

Flooring

Carpet: Yes
Wood: Yes

Heating

Electric: Yes
Natural Gas: Yes
Other: Yes
See Remarks: Yes

Possession

At Recordation: Yes

Records Available

Phase I: Yes

Road Responsibility

City: Yes
Paved: Yes

Roof

Rolled/Hot Mop: Yes

Bathrooms

Interior: Yes

Business Location

Freestanding Bldg: Yes

Terms & Conditions

Lease/Purchase: Yes
Other - See Remarks: Yes

Commercial Amenities

Grade Level: Yes

Utilities Installed

Electricity: Yes
Natural Gas: Yes
Telephone: Yes
Water - City: Yes
WWT - City Sewer: Yes

Internal Amenities

Bathroom: Yes
Ceiling Fan(s): Yes

Parking

On-Site: Yes
Street Parking: Yes

Pets/Animals

Domestic: Yes

Property Features

Bathrooms: Interior Building Type: Motel/Hotel; Retail - Shopping Center Business Location: Freestanding Bldg Commercial Amenities: Grade Level Construction: Frame - Wood Cooling: Ceiling Fan(s); Room A/C External Amenities: Storage Yard Flooring: Carpet; Wood Heating: Electric; Natural Gas; Natural Gas; Other; See Remarks Internal Amenities: Bathroom; Ceiling Fan(s) Parking: On-Site; Street Parking Possession: At Recordation Records Available: Phase I Road Responsibility: Paved Roof: Rolled/Hot Mop Utilities Installed: Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer

Listing Office: Linton Real Estate

Last Updated: December - 11 - 2023

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