503 S Montezuma Street, Prescott, AZ 86303

$1,450,000
Property Type: Commercial/Indstrial Square Footage: 4,749 Lot Size (sq. ft.): 18,295 Status: Closed
Current Price: $1,450,000 List Date: 1/04/2021 Last Modified: 1/04/2021

Description

Hotel For Sale in Downtown Prescott offered at $1,450,000. The Motor Lodge has been the rated the #1 hospitality property in Yavapai County for the past few years on TripAdvisor.com. In addition, the Motor Lodge has received many regional and national accolades. This Turn-key lodging opportunity offers 13 guest rooms totaling 4,749 sf within seven separate buildings. The sale includes all furniture, fixtures and equipment along with the Motor Lodge name and brand. Situated on +/-.41 acres of BR zoned land, there are 14 on-site parking spaces, 10 of which are located in covered carports adjacent to the rooms. There is an on-site Manager's office/kitchen, laundry facilities and storage rooms. All rooms have been completed renovated and are nicely furnished offering free CLICK More...

Supplements: Hotel For Sale in Downtown Prescott offered at $1,450,000. The Motor Lodge has been the rated the #1 hospitality property in Yavapai County for the past few years on TripAdvisor.com. In addition, the Motor Lodge has received many regional and national accolades. This Turn-key lodging opportunity offers 13 guest rooms totaling 4,749 sf within seven separate buildings. The sale includes all furniture, fixtures and equipment along with the Motor Lodge name and brand. Situated on +/-.41 acres of BR zoned land, there are 14 on-site parking spaces, 10 of which are located in covered carports adjacent to the rooms. There is an on-site Manager's office/kitchen, laundry facilities and storage rooms. All rooms have been completed renovated and are nicely furnished offering free Wi-Fi and cable TV. Originally built in 1910, this property is in excellent condition and there has been many upgrades and renovations made to it since the owners purchased this property in 2008. This is a rare best-in-class investment/owner operator opportunity in downtown Prescott.

More Information MLS# 1035155

ContractAddressLegal

Original List Price: 1450000 Listing Date: 2021-01-01 Status: Closed Listing Price: 1450000 Street #: 503 Direction: S Street Name: Montezuma St Suffix: Street City/Township: Prescott State: AZ Zip Code: 86303 County: Yavapai Tax Parcel: 109-14-039

General Property Description

Lot Size: 18470 Aprx Acres: 0.42 Buildings: 7 Total Liveable SqFt: 4749 Source of Measuremnt: County Assessor Stories: 1 Parking Spaces: 14 Year Built: 1910 Property Use: Business for Sale CC & R Fees: 5182

Tax Info

Taxes: 4460 Tax Year: 2020

Status Change Info

Under Contract Date: 2021-01-01 Sold Date: 2021-01-01 Sold Price: $1,450,000 Sold Price/SqFt: 305 Financing: Conventional

Property Features

Bathrooms: Other - See Remarks Building Type: 5+ Units; Motel/Hotel Business Location: Freestanding Bldg Commercial Amenities: Ceiling Ht. Under 12; Other - See Remarks Construction: Frame - Wood Cooling: Evaporative Cooling External Amenities: Landscaped; Paved Parking; Other - See Remarks Flooring: Carpet; Vinyl Heating: Natural Gas; Natural Gas Internal Amenities: Other - See Remarks Parking: On-Site Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Asphalt Shingle Utilities Installed: Electricity; Natural Gas; Water - City; WWT - City Sewer
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: January - 04 - 2021
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