152 S Montezuma Street, Prescott, AZ 86303

$2,550,000

Property Type: Commercial/Indstrial Square Footage: 8,650 Lot Size (sq. ft.): 11,326 Status: Closed

Current Price: $2,550,000 List Date: 9/11/2021 Last Modified: 9/11/2021

Overview

Description

The Grand Highland Hotel, a 12-room hotel located on Whiskey Row in the desirable Historic Downtown District of Prescott, Arizona. The Grand Highland Hotel is a two-story property consisting of 7,125 square feet, with an additional 325 square feet of storage on ground level and a 1,200 square-foot basement also used for storage and staff meeting space. The subject property consists of three 3,750 square-foot lots, with the hotel sitting on one lot and the other two lots designated to the hotel's outdoor event/wedding space.

Supplements: The Grand Highland Hotel features three fully recreated and restored event venues: the Holiday Courtyard, Holiday Ballroom and Holiday Hub. The Holiday Venues event spaces provide an ideal backdrop for bridal showers, rehearsal dinners, wedding ceremonies, cocktail and seated receptions and dancing. Event amenities include seating, tables, state-of ... (Read more)

Listing Details MLS# 1042029

ContractAddressLegal

Original List Price: 3200000
Listing Price: 3200000
Street #: 152
Direction: S
Street Name: Montezuma
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 109-02-016C

General Property Description

Aprx Acres: 0.26
Buildings: 8650
Total Liveable SqFt: 8650
Source of Measuremnt: County Assessor
Stories: 2
Year Built: 1988
Management: Owner
Baths - Full: 12
CC & R Fees: 7556
Parking Spaces: 0
Vac Rate %: 0
CAM $: 0
GRM: No

Tax Info

Taxes: 14472
Tax Year: 2020

Status Change Info

Under Contract Date: 2021-09-11
Sold Date: 2021-09-11
Sold Price/SqFt: 295
Financing: Conventional

Contract/Address/Legal

List Price/SqFt: 370
Comm Type: Hotel/Motel
REO/Short Sale: Not Applicable
Zoning: DTB
Assessor's Book #: 109
Assessor's Map #: 2
Assessor's Parcel #: 16
Assessor Parcel Ltr: C
Legal: PRESCOTT ORIGINAL TOWNSITE REPLAT BLOCK 13, LOTS 29-31 PER MAP 20 19-0011835, LOT 30R

Remarks & Misc

Directions: The Grand Highland Hotel is situated along the main thoroughfare of Downtown Prescott (Highway 89/Montezuma Street) in an area called Whiskey Row.
Remarks: The Grand Highland Hotel, a 12-room hotel located on Whiskey Row in the desirable Historic Downtown District of Prescott, Arizona. The Grand Highland Hotel is a two-story property consisting of 7,125 square feet, with an additional 325 square feet of storage on ground level and a 1,200 square-foot basement also used for storage and staff meeting space. The subject property consists of three 3,750 square-foot lots, with the hotel sitting on one lot and the other two lots designated to the hotel's outdoor event/wedding space.

More Information

Building Type

5+ Units: Yes
Motel/Hotel: Yes
Other - See Remarks: Yes

Construction

Block/Brick: Yes
Frame - Wood: Yes
Stucco: Yes

Cooling

Evaporative Cooling: Yes
Gas Pack: Yes

External Amenities

Fence: Yes
Landscaped: Yes

Flooring

Carpet: Yes
Laminate: Yes
Wood: Yes

Heating

Natural Gas: Yes

Possession

At Recordation: Yes

Records Available

Other - See Remarks: Yes

Road Responsibility

City: Yes
City Maintained Road: Yes
Paved: Yes

Roof

Rolled/Hot Mop: Yes

Bathrooms

Exterior: Yes
Separate M and W: Yes
Other - See Remarks: Yes

Business Location

Freestanding Bldg: Yes
Other - See Remarks: Yes

Terms & Conditions

Conventional: Yes

Commercial Amenities

Ceiling Ht. Under 12: Yes

Utilities Installed

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

Internal Amenities

Bathroom: Yes
Fire/Smoke Detector: Yes

Parking

Street Parking: Yes
Other - See Remarks: Yes

Property Features

Bathrooms: Exterior; Separate M and W; Other - See Remarks Building Type: 5+ Units; Motel/Hotel; Other - See Remarks Business Location: Freestanding Bldg; Other - See Remarks Commercial Amenities: Ceiling Ht. Under 12 Construction: Block/Brick; Frame - Wood; Stucco Cooling: Evaporative Cooling; Gas Pack External Amenities: Fence; Landscaped Flooring: Carpet; Laminate; Wood Heating: Natural Gas; Natural Gas Internal Amenities: Bathroom; Fire/Smoke Detector Parking: Street Parking; Other - See Remarks Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Rolled/Hot Mop Utilities Installed: Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer

Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty

Last Updated: September - 11 - 2021

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