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
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 the Crown Jewel of Sedona.
More Information MLS# 1012079
ContractAddressLegal
Original List Price: 8750000
Listing Date: 2018-04-20
Status: Closed
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
Lot Size: 48787
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
Tax Info
Taxes: 42994
Tax Year: 2017
Status Change Info
Under Contract Date: 2018-10-31
Sold Date: 2019-02-21
Sold Price: $7,880,000
Sold Price/SqFt: 418
Financing: Cash
Heating
Natural Gas: 1
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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