19780 E Hitching Post Way, Mayer, AZ 86333
$1,250,000
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
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 sqft garage (newly built). Fully Renovated!
More Information MLS# 975305
ContractAddressLegal
Original List Price: 1250000
Listing Date: 2014-01-04
Status: Closed
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: 1
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: $1,250,000
Sold Price/SqFt: 124
Financing: Owner Will Carry
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
Map ›Listing Office: RE/MAX Mountain Properties
Last Updated: November - 19 - 2022
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