503 S Montezuma Street, Prescott, AZ 86303
Overview
Description
Supplements: ... (Read more) 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.
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