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

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-the-art sound system and top notch guest service. Additionally, guests having an event can rent out the entire property for the day or weekend. The Holiday Courtyard is located on an adjacent lot directly north of the hotel. It is a large, well-appointed venue utilized for events such as weddings, parties, concerts and more. The property's event venue was previously constructed with two buildings that were destroyed by a fire in May 2012. The resulting empty space created the inspiration for the Holiday Courtyard. The Holiday Hub is an ideal space for a private meeting, cocktail hour or staging area for events. The space features a mounted TV, refrigerator and custom seating and table layouts.

More Information MLS# 1042029

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

General Property Description

Aprx Acres: 0.26 Lot Size: 11388 Buildings: 8650 Source of Measuremnt: County Assessor Stories: 2 Parking Spaces: 0 Management: Owner Vac Rate %: 0 CAM $: 0 GRM: 0 CC & R Fees: 7556 Total Liveable SqFt: 8650 Year Built: 1988 Baths - Full: 12

Tax Info

Taxes: 14472 Tax Year: 2020

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.

Status Change Info

Sold Price/SqFt: 295 Financing: Conventional Under Contract Date: 2021-09-11 Sold Date: 2021-09-11 Sold Price: $2,550,000

Building Type

5+ Units: 1 Motel/Hotel: 1 Other - See Remarks: 1

Construction

Block/Brick: 1 Frame - Wood: 1 Stucco: 1

Cooling

Evaporative Cooling: 1 Gas Pack: 1

External Amenities

Fence: 1 Landscaped: 1

Flooring

Carpet: 1 Laminate: 1 Wood: 1

Heating

Natural Gas: 1

Possession

At Recordation: 1

Records Available

Other - See Remarks: 1

Road Responsibility

City: 1 City Maintained Road: 1 Paved: 1

Roof

Rolled/Hot Mop: 1

Bathrooms

Exterior: 1 Separate M and W: 1 Other - See Remarks: 1

Business Location

Freestanding Bldg: 1 Other - See Remarks: 1

Terms & Conditions

Conventional: 1

Commercial Amenities

Ceiling Ht. Under 12: 1

Utilities Installed

Electricity: 1 Natural Gas: 1 Telephone: 1 Water - City: 1 WWT - City Sewer: 1

Internal Amenities

Bathroom: 1 Fire/Smoke Detector: 1

Parking

Street Parking: 1 Other - See Remarks: 1

ContractAddressLegal

Original List Price: 3200000 Listing Date: 2021-09-10 Status: Closed 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

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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