19780 E Hitching Post Way, Mayer, AZ 86333

$1,250,000

Virtual Tour

http://www.tourfactory.com/idxr1098177

Property Type: Commercial/Indstrial Square Footage: 10,060 Lot Size (sq. ft.): 217,800 Status: Closed

Current Price: $1,250,000 List Date: 1/04/2014 Last Modified: 11/19/2022

Overview

Description

FABULOUS OPPORTUNITY with numerous profit centers currently generating a 14% CAP Rate including MOTEL, RESTAURANT, BAR, RV PARKING on 5 flat acres located right off of I-17 at the Hwy 69 Interchange at Cordes Junction, AZ with Traffic Count of nearly 45,000 cars/day. Motel has 12 rooms w/Managers Home, 50’s style Restaurant/Diner w/56 Seats plus attached 50 seat Bar w/Beer Garden, 22 RV Pads w/full hookups, Conference Room, Laundry Facility, and Detached Modern 1200 Sq Ft 2bed/2bath Owner/Managers Home w/oversized Detached Garage & new reverse Osmosis system. Lots of Potential for future growth with County Approved Plans for Additional 35 Room Motel Addition with all the necessary infrastructure in place with Adjacent 2 acre parcel for sale CONTINUED...

Supplements: 2 Excellent Producing Wells and Adequate Capacity for the Waste Water System. This is a TURN KEY 12 Room Motel (with county Approved plans for motel expansion), 22 RV spaces, high occupancy rate. Restaurant/Diner, Laundry, propane sales & Meeting room are compliments to property profits. Property also includes a 1200 sqft (2bd/2ba) house & 1200 sqf ... (Read more)

Listing Details MLS# 975305

ContractAddressLegal

Original List Price: 1250000
Listing Price: 1250000
Street #: 19780
Direction: E
Street Name: Hitching Post
St Suffix: Way
City/Township: Mayer
State: AZ
Zip Code: 86333
County: Yavapai
Tax Parcel: 500-05-082

General Property Description

Aprx Acres: 5
Buildings: 5
Total Liveable SqFt: 10060
Source of Measuremnt: Owner
Stories: Yes
Parking Spaces: 65
Year Built: 1983
Management: Owner
Vac Rate %: 50
Gross Vol/Yr $: 570000
NOI $: 170000
Cap %: 14
Property Use: Business for Sale
Construction Status: Existing

Tax Info

Taxes: 8858
Tax Year: 2013

Status Change Info

Under Contract Date: 2016-03-23
Sold Date: 2016-06-02
Sold Price/SqFt: 124
Financing: Owner Will Carry

More Information

Property Features

Bathrooms: Separate M and W; Unisex; Other - See Remarks Building Type: Motel/Hotel; Other - See Remarks Business Location: Freestanding Bldg; Other - See Remarks Commercial Amenities: Other - See Remarks Construction: Block/Brick; Frame - Wood; Stucco Cooling: Central Air; Evaporative Cooling; Heat Pump External Amenities: Handicap Access; Landscaped; Paved Parking; Other - See Remarks Flooring: Carpet; Concrete; Tile Heating: Heat Pump; Natural Gas; Natural Gas; Propane Internal Amenities: Ceiling Fan(s); Fire/Smoke Detector; Other - See Remarks Parking: On-Site; Other - See Remarks Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: County; Paved; Private Maintained Road Roof: Asphalt Shingle Utilities Installed: 220; Electricity; Fire Hydrant; Propane; Underground; Water - Private Well; Water Storage Tank; WWT - Septic

Documents

Listing Office: RE/MAX Mountain Properties

Last Updated: November - 19 - 2022

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