35 Hozoni Drive, Sedona, AZ 86336

$7,880,000

Property Type: Commercial/Indstrial Square Footage: 18,874 Lot Size (sq. ft.): 48,787 Status: Closed

Current Price: $7,880,000 List Date: 5/15/2018 Last Modified: 2/23/2019

Overview

Description

**Ownership Retirement Investment Opportunity - Established Boutique Hotel - Strong NOI - Adobe Grand Villas** The Adobe Grand Villas is an original owner, 16-unit (18,874 sqft), boutique hotel located in Sedona, AZ (Yavapai County). AGV is more than a retreat, it's an unforgettable experience. Each of the 16 themed private villas is a complete escape as the one-of-a-kind design works in tandem with exceptional service. Adobe Grand Villas is a unique and special Sedona business for sale that is a wonderful opportunity to enjoy as an active retirement business. Other uses include conversion to an exclusive Arizona addiction rehab and wellness center, or as a fractional ownership destination property. Property tours are by appointment only. Unannounced visits are strictly prohibited.

Supplements: The hotel rests on pristine desert landscape in southwest Sedona with privacy and views. The hotel runs smoothly and autonomously with a dedicated culinary team, maintenance and housekeeping staff and contracted spa services. Every guest is treated with care. AGV offers investors and/or operators a stabilized cash flow and seasoned staff. This is t ... (Read more)

Listing Details MLS# 1012079

ContractAddressLegal

Original List Price: 8750000
Listing Price: 8750000
Street #: 35
Street Name: Hozoni
St Suffix: Drive
City/Township: Sedona
State: AZ
Zip Code: 86336
County: Coconino
Tax Parcel: 408-24-492F

General Property Description

Aprx Acres: 1.12
Buildings: 6
Total Liveable SqFt: 18874
Source of Measuremnt: County Assessor
Stories: 2
Parking Spaces: 26
Year Built: 2004
Management: Manager
Vac Rate %: 36.74
NOI $: 575745.81
Cap %: 6.58
Baths - Full: 16
GRM: .
Property Use: Business for Sale
Date Available: 2018-06-01
CC & R Fees: 20876
CAM $: 0

Tax Info

Taxes: 42994
Tax Year: 2017

Status Change Info

Under Contract Date: 2018-10-31
Sold Date: 2019-02-21
Sold Price/SqFt: 418
Financing: Cash

Heating

Natural Gas: Yes

Contract/Address/Legal

List Price/SqFt: 464
Comm Type: Hotel/Motel
REO/Short Sale: Not Applicable
Zoning: C-2
Business Name: Adobe Grand Villas
Zoning Description: General Commercial
Business Type: Boutique Hotel
Assessor's Book #: 408
Assessor's Map #: 24
Assessor's Parcel #: 492
Assessor Parcel Ltr: F
Legal: AN IRREG PCL IN THE SW4SW4 SW COR LYNG APPROX 820'N OF SW COR OF SE 11-17-5E CONT 1.12AC 3429/254

More Information

Remarks & Misc

Directions: From Cottonwood, turn right on 89A North to Sedona for 14 miles. Turn left on Tortilla Dr (at GIANT gas station), left at stopsign on Southwest Drive, right on Hozoni Dr, entrance to the Adobe Grand Villas is on left.
Remarks: **Ownership Retirement Investment Opportunity - Established Boutique Hotel - Strong NOI - Adobe Grand Villas** The Adobe Grand Villas is an original owner, 16-unit (18,874 sqft), boutique hotel located in Sedona, AZ (Yavapai County). AGV is more than a retreat, it's an unforgettable experience. Each of the 16 themed private villas is a complete escape as the one-of-a-kind design works in tandem with exceptional service. Adobe Grand Villas is a unique and special Sedona business for sale that is a wonderful opportunity to enjoy as an active retirement business. Other uses include conversion to an exclusive Arizona addiction rehab and wellness center, or as a fractional ownership destination property. Property tours are by appointment only. Unannounced visits are strictly prohibited.

Office/Member Info

Listing Exclusions: No

Building Type

Motel/Hotel: Yes

Construction

Frame - Wood: Yes
Stucco: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

External Amenities

Drip System: Yes
Fence: Yes
Handicap Access: Yes
Landscaped: Yes
Security Lights: Yes

Flooring

Carpet: Yes
Concrete: Yes
Tile: Yes
Wood: Yes

Possession

At Recordation: Yes

Records Available

Alta Survey: Yes

Road Responsibility

City: Yes

Roof

Rolled/Hot Mop: Yes
Tile: Yes

Bathrooms

ADA: Yes
Interior: Yes
Public: Yes
Separate M and W: Yes

Business Location

Corner Location: Yes
Freestanding Bldg: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes
SBA: Yes

Commercial Amenities

Ceiling Ht. Under 12: Yes

Utilities Installed

Electricity: Yes
Fire Hydrant: Yes
Natural Gas: Yes
Telephone: Yes
Water - City: Yes

Internal Amenities

Bathroom: Yes

Parking

On-Site: Yes

Property Features

Bathrooms: ADA; Interior; Public; Separate M and W Building Type: Motel/Hotel Business Location: Corner Location; Freestanding Bldg Commercial Amenities: Ceiling Ht. Under 12 Construction: Frame - Wood; Stucco Cooling: Ceiling Fan(s); Central Air External Amenities: Drip System; Fence; Handicap Access; Landscaped; Security Lights Flooring: Carpet; Concrete; Tile; Wood Internal Amenities: Bathroom Parking: On-Site Possession: At Recordation Records Available: Alta Survey Roof: Rolled/Hot Mop; Tile Utilities Installed: Electricity; Fire Hydrant; Natural Gas; Telephone; Water - City

Documents

Adobe Grand Villas - photobook ›

Listing Office: United CountryReal Estate-Ari

Last Updated: February - 23 - 2019

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