901 White Spar Road, Prescott, AZ 86303

$2,200,000

Property Type: Commercial/Indstrial Square Footage: 6,472 Lot Size (sq. ft.): 46,609 Status: Closed

Current Price: $2,200,000 List Date: 8/20/2021 Last Modified: 4/18/2022

Overview

Description

Award winning Prescott Pines Inn Bed & Breakfast. Most highly sought after B&B in Prescott, with an over the top return rate. First offered as a lodging experience in 1952. Located about a mile to the Courthouse Plaza and Whiskey Row. Fully licensed commercial kitchen with dining room seating for 18 guests. 5 buildings, 13 guest rooms including a lodge for large families on a mature Ponderosa pine lot adjacent to Granite Creek. Current ownership has dramatically increased room bookings and revenue (offering wedding and private function events). Romantic setting with a large flagstone patio, meditation garden, private patios to each room, and guest grill areas. Online reviews speak for themselves. Large Innkeepers quarters' (1000sf). Financials available after site visit with signed NDA.

Listing Details MLS# 1041474

ContractAddressLegal

Original List Price: 2200000
Listing Price: 2200000
Street #: 901
Street Name: White Spar
St Suffix: Road
City/Township: Prescott
State: AZ
Zip Code: 86303
Subdivision: Mile High Properties
County: Yavapai
Tax Parcel: 107-14-085A

General Property Description

Aprx Acres: 1.07
Buildings: 6
Total Liveable SqFt: 6472
Source of Measuremnt: County Assessor
Stories: Yes
Parking Spaces: 21
Year Built: 1928
Management: Owner
Vac Rate %: 46.5
Gross Vol/Yr $: 496032
NOI $: 158578
Cap %: 7.2
Baths - Full: 13
GRM: N/a
Property Use: Business for Sale
Construction Status: Existing
Max Contgs/Bldg Sz: 6000
Date Available: 2021-08-21
CC & R: No
CAM $: 0
CC & R Fees: 0

Tax Info

Taxes: 4668
Tax Year: 2020

Status Change Info

Under Contract Date: 2021-12-08
Sold Date: 2022-02-17
Sold Price/SqFt: 340
Financing: Conventional

Heating

Natural Gas: Yes
Electric: Yes

Contract/Address/Legal

List Price/SqFt: 340
Neighborhood: N/A
Comm Type: Hotel/Motel
REO/Short Sale: Not Applicable
Zoning: BG
Business Name: Prescott Pines Inn Bed & Breakfast
Zoning Description: Business General
Business Type: Bed & Breakfast Inn
Assessor's Book #: 107
Assessor's Map #: 14
Assessor's Parcel #: 85
Assessor Parcel Ltr: A
Legal: LOTS 18 & 19 LESS AN IRREGULAR STRIP IN THE NW CORNER SAID LOT 18 FOR ROW. CONT. 0.84 AC MILE HIGH PROPERTIES UNIT 2 BOOK 4 PAGE 66 (PLUS another lot, see docs tab)

More Information

Remarks & Misc

Directions: Gurley Street (Courthouse Square) & Montezuma South 0.7 Miles on Montezuma (turns into White Spar), property at mile post 310.
Remarks: Award winning Prescott Pines Inn Bed & Breakfast. Most highly sought after B&B in Prescott, with an over the top return rate. First offered as a lodging experience in 1952. Located about a mile to the Courthouse Plaza and Whiskey Row. Fully licensed commercial kitchen with dining room seating for 18 guests. 5 buildings, 13 guest rooms including a lodge for large families on a mature Ponderosa pine lot adjacent to Granite Creek. Current ownership has dramatically increased room bookings and revenue (offering wedding and private function events). Romantic setting with a large flagstone patio, meditation garden, private patios to each room, and guest grill areas. Online reviews speak for themselves. Large Innkeepers quarters' (1000sf). Financials available after site visit with signed NDA.

Building Type

5+ Units: Yes
Motel/Hotel: Yes

Construction

Frame - Wood: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Evaporative Cooling: Yes
Room A/C: Yes

External Amenities

Fence: Yes
Paved Parking: Yes

Flooring

Carpet: Yes
Tile: Yes
Wood: Yes

Possession

At Recordation: Yes

Records Available

Elect/HVAC Plan: Yes
Site Plan: Yes

Road Responsibility

City: Yes
City Maintained Road: Yes
State Maintained Road: Yes

Roof

Asphalt Shingle: Yes

Bathrooms

Public: Yes
Staff: Yes
Unisex: Yes

Business Location

Freestanding Bldg: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes
SBA: Yes

Commercial Amenities

Ceiling Ht. 16+: Yes
Ceiling Ht. Under 12: Yes

Utilities Installed

220: Yes
Electricity: Yes
Fire Hydrant: Yes
Natural Gas: Yes
Water - City: Yes
WWT - City Sewer: Yes

Internal Amenities

Ceiling Fan(s): Yes
Fire/Smoke Detector: Yes

Parking

On-Site: Yes

Property Features

Bathrooms: Public; Staff; Unisex Building Type: 5+ Units; Motel/Hotel Business Location: Freestanding Bldg Commercial Amenities: Ceiling Ht. Under 12; Ceiling Ht. 16+ Construction: Frame - Wood Cooling: Ceiling Fan(s); Central Air; Evaporative Cooling; Room A/C External Amenities: Fence; Paved Parking Flooring: Carpet; Tile; Wood Heating: Electric Internal Amenities: Ceiling Fan(s); Fire/Smoke Detector Parking: On-Site Possession: At Recordation Records Available: Elect/HVAC Plan; Site Plan Road Responsibility: City Maintained Road; State Maintained Road Roof: Asphalt Shingle Utilities Installed: 220; Electricity; Fire Hydrant; Natural Gas; Water - City; WWT - City Sewer

Documents

Property Prospectus ›

Listing Office: My Home Group Real Estate

Last Updated: April - 18 - 2022

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