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

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

General Property Description

Aprx Acres: 0.42 Lot Size: 18470 Buildings: 7 Source of Measuremnt: County Assessor Stories: 1 Parking Spaces: 14 Vac Rate %: 0 CAM $: 0 GRM: 0 CC & R Fees: 5182 Property Use: Business for Sale Total Liveable SqFt: 4749 Year Built: 1910

Tax Info

Taxes: 4460 Tax Year: 2020

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...

Status Change Info

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

Building Type

5+ Units: 1 Motel/Hotel: 1

Construction

Frame - Wood: 1

Cooling

Evaporative Cooling: 1

External Amenities

Landscaped: 1 Paved Parking: 1 Other - See Remarks: 1

Flooring

Carpet: 1 Vinyl: 1

Heating

Natural Gas: 1

Possession

At Recordation: 1

Records Available

Other - See Remarks: 1

Road Responsibility

City: 1 City Maintained Road: 1 Paved: 1

Roof

Asphalt Shingle: 1

Bathrooms

Other - See Remarks: 1

Business Location

Freestanding Bldg: 1

Terms & Conditions

Conventional: 1

Commercial Amenities

Ceiling Ht. Under 12: 1 Other - See Remarks: 1

Utilities Installed

Electricity: 1 Natural Gas: 1 Water - City: 1 WWT - City Sewer: 1

Internal Amenities

Other - See Remarks: 1

Parking

On-Site: 1

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

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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