500 Copper Basin Road, Prescott, AZ 86303

$980,000

Property Type: Commercial/Indstrial Square Footage: 3,996 Lot Size (sq. ft.): 18,295 Status: Closed

Current Price: $980,000 List Date: 11/25/2020 Last Modified: 3/05/2021

Overview

Description

Extended Stay & Transient Motel FOR SALE in Downtown Prescott offered at $995,000. The PINE VIEW INN is one of only a few daily, weekly monthly rentals in the downtown Prescott area. This Turn-key opportunity offers all furniture, fixtures and equipment, name and brand all with good cash flow & upside. Situated on approx. .45 acres, there are 14 units: 8 studios with kitchens, 4 large studio hotel rooms, 1 casita and 1 two bedroom apartment. Owner is willing to provide a credit in escrow for the addition of a 15th room to this property. Please call listing agent for additional details. There are 21 on-site parking spaces along with an on-site Manager's office and coin operated laundry room. All units offer wi-fi, cable and all utilities. The property is in very good condition Click MORE

Supplements: Extended Stay & Transient Motel FOR SALE in Downtown Prescott offered at $995,000. The PINE VIEW INN is one of only a few daily, weekly monthly rentals in the downtown Prescott area. This Turn-key opportunity offers all furniture, fixtures and equipment, name and brand all with good cash flow & upside. Situated on approx. .45 acres, there are 14 un ... (Read more)

Listing Details MLS# 1034530

ContractAddressLegal

Original List Price: 995000
Listing Price: 995000
Street #: 500
Street Name: Copper Basin
St Suffix: Road
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 109-09-078A

General Property Description

Aprx Acres: 0.42
Buildings: 4
Total Liveable SqFt: 3996
Source of Measuremnt: County Assessor
Stories: Yes
Parking Spaces: 21
Year Built: 1954
Management: Mgmt Company
Baths - Full: 14
CC & R Fees: 4203
Vac Rate %: 0
CAM $: 0
GRM: No

Tax Info

Taxes: 4200
Tax Year: 2020

Status Change Info

Under Contract Date: 2020-12-16
Sold Date: 2021-03-03
Sold Price/SqFt: 245
Financing: Conventional

Contract/Address/Legal

List Price/SqFt: 249
Comm Type: Hotel/Motel
REO/Short Sale: Not Applicable
Zoning: BG
Zoning Description: Business General
Assessor's Book #: 109
Assessor's Map #: 9
Assessor's Parcel #: 78
Assessor Parcel Ltr: A
Legal: IRREG PCL APPROX 185X80X182X104.34' CONT APPROX .453AC BEG APPR OX 818' N & 680' W OF S4 COR OF SEC 4 13 2W AP18

Remarks & Misc

Directions: From the downtown Courthouse, go approx. 6 blocks South on Montezuma to the Property on Right on the NW corner of White Spar Road and Coppor Basin Road.
Remarks: Extended Stay & Transient Motel FOR SALE in Downtown Prescott offered at $995,000. The PINE VIEW INN is one of only a few daily, weekly monthly rentals in the downtown Prescott area. This Turn-key opportunity offers all furniture, fixtures and equipment, name and brand all with good cash flow & upside. Situated on approx. .45 acres, there are 14 units: 8 studios with kitchens, 4 large studio hotel rooms, 1 casita and 1 two bedroom apartment. Owner is willing to provide a credit in escrow for the addition of a 15th room to this property. Please call listing agent for additional details. There are 21 on-site parking spaces along with an on-site Manager's office and coin operated laundry room. All units offer wi-fi, cable and all utilities. The property is in very good condition Click MORE

More Information

Building Type

5+ Units: Yes
Motel/Hotel: Yes

Construction

Frame - Wood: Yes

Cooling

Room A/C: Yes

External Amenities

Fence: Yes
Handicap Access: Yes
Paved Parking: Yes

Flooring

Carpet: Yes
Tile: Yes
Vinyl: Yes

Heating

Electric: 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
Other - See Remarks: Yes

Business Location

Corner Location: Yes
Freestanding Bldg: Yes
Traffic Signal: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes

Commercial Amenities

Ceiling Ht. Under 12: Yes
Other - See Remarks: Yes

Utilities Installed

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

Internal Amenities

Bathroom: Yes
Fire/Smoke Detector: Yes
Other - See Remarks: Yes

Parking

On-Site: Yes
Other - See Remarks: Yes

Property Features

Bathrooms: Interior; Other - See Remarks Building Type: 5+ Units; Motel/Hotel Business Location: Corner Location; Freestanding Bldg; Traffic Signal Commercial Amenities: Ceiling Ht. Under 12; Other - See Remarks Construction: Frame - Wood Cooling: Room A/C External Amenities: Fence; Handicap Access; Paved Parking Flooring: Carpet; Tile; Vinyl Heating: Electric Internal Amenities: Bathroom; Fire/Smoke Detector; Other - See Remarks Parking: On-Site; Other - See Remarks 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; Water - City; WWT - City Sewer

Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty

Last Updated: March - 05 - 2021

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