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

Overview

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 ...

Listing Details MLS# 1035155

ContractAddressLegal

Original List Price
1450000
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

Aprx Acres
0.42
Buildings
7
Total Liveable SqFt
4749
Source of Measuremnt
County Assessor
Stories
Yes
Parking Spaces
14
Year Built
1910
Property Use
Business for Sale
CC & R Fees
5182
Vac Rate %
0
CAM $
0
GRM
No

Tax Info

Taxes
4460
Tax Year
2020

Status Change Info

Under Contract Date
2021-01-01
Sold Date
2021-01-01
Sold Price/SqFt
305
Financing
Conventional

Contract/Address/Legal

List Price/SqFt
305
Comm Type
Hotel/Motel
REO/Short Sale
Not Applicable
Zoning
BG
Assessor's Book #
109
Assessor's Map #
14
Assessor's Parcel #
39
Legal
LOTS 2 4; S 10 OF LEROUX ST ABANDONED ADJ ON THE N LOT 2 AP9 ALL IN BLOCK 38 PRESCOTT BOOK 4 PAGE 22

Remarks & Misc

Directions
From the downtown Courthouse, go South approx. 3 blocks on Montezuma St.. The Property will be on the Left. Look for the bright orange pick-up truck in front of property.
Remarks
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...

More Information

Building Type

5+ Units
Yes
Motel/Hotel
Yes

Construction

Frame - Wood
Yes

Cooling

Evaporative Cooling
Yes

External Amenities

Landscaped
Yes
Paved Parking
Yes
Other - See Remarks
Yes

Flooring

Carpet
Yes
Vinyl
Yes

Heating

Natural Gas
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

Other - See Remarks
Yes

Business Location

Freestanding Bldg
Yes

Terms & Conditions

Conventional
Yes

Commercial Amenities

Ceiling Ht. Under 12
Yes
Other - See Remarks
Yes

Utilities Installed

Electricity
Yes
Natural Gas
Yes
Water - City
Yes
WWT - City Sewer
Yes

Internal Amenities

Other - See Remarks
Yes

Parking

On-Site
Yes

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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