409 S Montezuma Street, Prescott, AZ 86303

$2,160,000
Property Type: Commercial/Indstrial Baths: 12 Square Footage: 6,229 Lot Size (sq. ft.): 14,810 Status: Closed
Current Price: $2,160,000 List Date: 5/31/2023 Last Modified: 12/11/2023

Overview

Description

Introducing the Gordon James boutique lodge, nestled in Downtown Prescott. This investment opportunity offers prime location and top-tier amenities, making it the most sought-after lodging option. The lodge is conveniently situated near the historic Courthouse Plaza, allowing guests to explore on foot. With twelve accommodations, including one two-bedroom unit and a stylish studio, each unit is equipped with a full kitchen, and spacious living areas. The lodge caters to nightly and extended stay guests, accommodating different business models. Imprint your own vision and style on this boutique lodge. This renovated gem in Prescott's hospitality market offers an attractive asset. Capitalize on the demand for upscale accommodations and secure your place in the future of luxury lodging today.

Supplements: upscale accommodations and secure your place in the future of luxury lodging today.

Listing Details MLS# 1056543

ContractAddressLegal

Original List Price
2450000
Listing Price
2299000
Street #
409
Direction
S
Street Name
Montezuma
St Suffix
Street
City/Township
Prescott
State
AZ
Zip Code
86303
Subdivision
None
County
Yavapai
Tax Parcel
109-03-081

General Property Description

Aprx Acres
0.34
Buildings
2
Total Liveable SqFt
6229
Source of Measuremnt
County Assessor
Stories
Yes
Parking Spaces
12
Year Built
1950
Baths - Full
12
Date Available
2023-06-01
Total Bathrooms
12
Vac Rate %
0
CAM $
0
GRM
No

Tax Info

Taxes
3947
Tax Year
2022

Status Change Info

Under Contract Date
2023-11-30
Sold Date
2023-12-11
Sold Price/SqFt
347
Financing
Cash

Contract/Address/Legal

List Price/SqFt
369
Neighborhood
N/A
Comm Type
Hotel/Motel
REO/Short Sale
Not Applicable
Zoning
BR
Assessor's Book #
109
Assessor's Map #
3
Assessor's Parcel #
81
Legal
LOTS 4 6 BLOCK 32 PRESCOTT BOOK 4 PAGE 22

Remarks & Misc

Directions
From the downtwon courthouse, go approx 2 blocks South on Montezuma to the property on the Left.
Remarks
Introducing the Gordon James boutique lodge, nestled in Downtown Prescott. This investment opportunity offers prime location and top-tier amenities, making it the most sought-after lodging option. The lodge is conveniently situated near the historic Courthouse Plaza, allowing guests to explore on foot. With twelve accommodations, including one two-bedroom unit and a stylish studio, each unit is equipped with a full kitchen, and spacious living areas. The lodge caters to nightly and extended stay guests, accommodating different business models. Imprint your own vision and style on this boutique lodge. This renovated gem in Prescott's hospitality market offers an attractive asset. Capitalize on the demand for upscale accommodations and secure your place in the future of luxury lodging today.

More Information

Office/Member Info

Listing Exclusions
No

Building Type

5+ Units
Yes
Motel/Hotel
Yes

Construction

Frame - Wood
Yes
Stucco
Yes

Cooling

Heat Pump
Yes

External Amenities

Fence
Yes
Paved Parking
Yes

Flooring

Carpet
Yes
Vinyl
Yes
Wood
Yes

Heating

Electric
Yes
Heat Pump
Yes

Possession

At Recordation
Yes

Records Available

Other - See Remarks
Yes

Road Responsibility

City
Yes
City Maintained Road
Yes
Paved
Yes

Roof

Asphalt Shingle
Yes

Bathrooms

Interior
Yes
Staff
Yes

Business Location

Freestanding Bldg
Yes

Terms & Conditions

1031 Exchange
Yes
Conventional
Yes

Commercial Amenities

Ceiling Ht. Under 12
Yes

Utilities Installed

Electricity
Yes
Master Meter
Yes
Natural Gas
Yes
Telephone
Yes
Underground
Yes
Water - City
Yes
WWT - City Sewer
Yes

Internal Amenities

Bathroom
Yes
Ceiling Fan(s)
Yes
Fire/Smoke Detector
Yes
Kitchen
Yes

Parking

On-Site
Yes

Property Features

Bathrooms: Interior; Staff Building Type: 5+ Units; Motel/Hotel Business Location: Freestanding Bldg Commercial Amenities: Ceiling Ht. Under 12 Construction: Frame - Wood; Stucco Cooling: Heat Pump External Amenities: Fence; Paved Parking Flooring: Carpet; Vinyl; Wood Heating: Electric; Heat Pump Internal Amenities: Bathroom; Ceiling Fan(s); Fire/Smoke Detector; Kitchen Parking: On-Site Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Asphalt Shingle Utilities Installed: Electricity; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: eXp Realty
Last Updated: December - 11 - 2023
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