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

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

More Information

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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