805 White Spar Road, Prescott, AZ 86303
$1,550,000
Property Type:
Commercial/Indstrial
Square Footage:
3,733
Lot Size (sq. ft.):
15,682
Status:
Active
Current Price:
$1,550,000
List Date:
2/27/2026
Last Modified:
2/27/2026
Listing Details MLS# 1079872
ContractAddressLegal
- Original List Price
- 1550000
- Listing Price
- 1550000
- Street #
- 805
- Street Name
- White Spar
- St Suffix
- Road
- City/Township
- Prescott
- State
- AZ
- Zip Code
- 86303
- Subdivision
- None
- County
- Yavapai
- Tax Parcel
- 107-14-112a
General Property Description
- Aprx Acres
- 0.36
- Buildings
- 3
- Total Liveable SqFt
- 3733
- Source of Measuremnt
- Owner
- Stories
- Yes
- Parking Spaces
- 11
- Year Built
- 1985
- Management
- Owner
- Vac Rate %
- 5
- NOI $
- 132000
- Cap %
- 7.85
- Baths - Full
- 11
- GRM
- 14000
- Property Use
- Vacant/Owner Users
- Construction Status
- Existing
- Solar Y/N
- No
- Space Available
- Yes
- CC & R Fees
- 3733
- CAM $
- 0
Tax Info
- Taxes
- 1728
- Tax Year
- 2025
Contract/Address/Legal
- List Price/SqFt
- 415
- Neighborhood
- N/A
- Comm Type
- Hotel/Motel
- REO/Short Sale
- Not Applicable
- Zoning
- BG
- Business Name
- Cascade Motel
- Zoning Description
- Business General
- Business Type
- Hotel
- Assessor's Book #
- 107
- Assessor's Map #
- 14
- Assessor's Parcel #
- 112
- Assessor Parcel Ltr
- a
- Legal
- LOTS 11, 12, MILE HIGHPROPERTIES NO. 2 LESS ADOT R-O-W. CONT. 0.36 AC. MILE HIGH PROPERTIES 2 BOOK 4 PAGE 66
Remarks & Misc
- Directions
- From the downtown Courthouse, go approx. 1.4 miles south on Montezuma. Montezuma turns into White Spar Road. Go approx. 1 bock past Copper Basin Road and the Property will be on the left just before you get to the Sierra Inn.
- Remarks
- Exceptional investment opportunity in the heart of downtown Prescott! The historic Cascade Motel, originally built in 1946, has undergone a comprehensive interior and exterior renovation in 2024/2025 and is now in excellent, turnkey condition. This 11-unit lodging property consists of three separate, adjacent buildings totaling approximately 3,733 SF, situated on ±0.36 acres with BG (Business General) zoning. The unit mix includes ten fully renovated studio guest rooms and one 1-bedroom suite currently utilized as an on-site manager's office/residence. All units offer Wi-Fi, cable, and utilities included. Recent interior upgrades include new doors and windows, mini-split HVAC systems, digital door locks, vinyl plank flooring, updated cabinetry and countertops, new sinks and showers, modern lighting, and fresh paint throughout. Exterior improvements feature a new parking lot and concrete walkways, updated landscaping, outdoor patio space, enhanced exterior lighting, security camera system, six new water heaters, and new fencing. Additional amenities include a shared kitchen area, storage room, and a newly constructed laundry facility with four coin-operated washers and dryers, folding table, coin change machine, and laundry accessory vending machine. The property provides 11 on-site parking spaces plus additional parking at the southeast corner of the parcel. Flexible BG zoning allows for multiple operational options, including apartment rentals, daily/weekly/monthly lodging, group home, or other specialty multi-family uses (buyer to verify). A rare owner-operator or investment opportunity in a prime downtown location. Currently operated as mid-term rental (weekly to monthly) with solid occupancy. The CAP rate of 7.85% includes a 5% vacancy factor and 5% repair/reserve factor. Management in place that can transfer to new owner.
Building Type
- 5+ Units
- Yes
- Motel/Hotel
- Yes
- Other - See Remarks
- Yes
More Information
Construction
- Frame - Wood
- Yes
- Stucco
- Yes
Cooling
- Room A/C
- Yes
- See Remarks
- Yes
External Amenities
- Handicap Access
- Yes
- Landscaped
- Yes
- Paved Parking
- Yes
Flooring
- Concrete
- Yes
- Vinyl
- Yes
Heating
- Electric
- Yes
Records Available
- Other - See Remarks
- Yes
Road Responsibility
- City
- Yes
- City Maintained Road
- Yes
- Paved
- Yes
Roof
- Asphalt Shingle
- Yes
Bathrooms
- Interior
- Yes
- Unisex
- Yes
Business Location
- Freestanding Bldg
- Yes
- Other - See Remarks
- Yes
Terms & Conditions
- Submit
- Yes
Commercial Amenities
- Ceiling Ht. Under 12
- Yes
Utilities Installed
- Electricity
- Yes
- Natural Gas
- Yes
- Telephone
- Yes
- Underground
- Yes
- Water - City
- Yes
- WWT - City Sewer
- Yes
Internal Amenities
- Bathroom
- Yes
- Kitchen
- Yes
Parking
- On-Site
- Yes
- Trailer
- Yes
- Other - See Remarks
- Yes
Pets/Animals
- Domestic
- Yes
Property Features
Bathrooms:
Interior; Unisex
Building Type:
5+ Units; Motel/Hotel; Other - See Remarks
Business Location:
Freestanding Bldg; Other - See Remarks
Commercial Amenities:
Ceiling Ht. Under 12
Construction:
Frame - Wood; Stucco
Cooling:
Room A/C; See Remarks
External Amenities:
Handicap Access; Landscaped; Paved Parking
Flooring:
Concrete; Vinyl
Heating:
Electric
Internal Amenities:
Bathroom; Kitchen
Parking:
On-Site; Trailer; Other - See Remarks
Records Available:
Other - See Remarks
Road Responsibility:
City Maintained Road; Paved
Roof:
Asphalt Shingle
Utilities Installed:
Electricity; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office:
Keller Williams Arizona Realty
Last Updated: February - 27 - 2026
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