$2,450,000
Williams, AZ 86046
MLS# 1055367
Status: Closed
12438 sqft
1 / 45
Property Description
Owner May Carry! The Historic Grand Canyon Hotel in the heart of Downtown Williams is For Sale! Built-in 1891 it holds the title of the oldest Hotel in AZ and is located at the gateway to the Grand Canyon. She boosts 26 hotel rooms. Each room is themed and individually decorated. 3 retail spaces with street fronts provide excellent annual incomes. This grand hotel is within walking distance of many fine restaurants and shops. Just down the road is Bearazona and the Grand Canyon Railway. Its location is perfect. A 2021 Phase I is on file. The Hotel enjoys a beer and wine license. Parking is free. 2005 remodel included a 600 amp electrical service, new sewer lines, pex plumbing, and electrical and room renovations. This seasonal hotel is generally open from April - October.
Details
Maps
Contract/Address/Legal
Original List Price: 3950000
Listing Date: 2023-04-18
Status: Closed
Listing Price: 3400000
List Price/SqFt: 273
Street #: 145
Direction: W
Street Name: Route 66
City/Township: Williams
State: AZ
Zip Code: 86046
County: Coconino
Comm Type: Hotel/Motel
Zoning: HP
Business Type: Hotel/Retail
Business Name: Grand Canyon Hotel
Tax Parcel: 201-08-014
Assessor's Book #: 201
Assessor's Map #: 8
Assessor's Parcel #: 14
REO/Short Sale: Not Applicable
Legal: LOT 11&12 BLOCK 16 WILLIAMS TOWNSITE
General Property Description
Lot Size: 7101
Aprx Acres: 0.31
Buildings: 2
Total Liveable SqFt: 12438
Source of Measuremnt: County Assessor
Stories: 2
Floor: 3
Year Built: 1891
Management: Owner
NOI $: 191873
Cap %: 4
Baths - Full: 32
GRM: 10.49
Date Available: 2023-04-18
Amps: 600
Tax Info
Taxes: 9533.72
Tax Year: 2023
Remarks & Misc
Directions: On the corner of Old Route 66 and Grand Canyon Blvd.
Office/Member Info
Listing Exclusions: No
Compensation: 1.5
Compensation Type: %
Status Change Info
Under Contract Date: 2023-10-17
Sold Date: 2023-12-07
Sold Price: $2,450,000
Sold Price/SqFt: 197
Financing: Owner Will Carry
Property Features
Bathrooms: Interior
Building Type: Motel/Hotel; Retail - Shopping Center
Business Location: Freestanding Bldg
Commercial Amenities: Grade Level
Construction: Frame - Wood
Cooling: Ceiling Fan(s); Room A/C
External Amenities: Storage Yard
Flooring: Carpet; Wood
Heating: Electric; Natural Gas; Natural Gas; Other; See Remarks
Internal Amenities: Bathroom; Ceiling Fan(s)
Parking: On-Site; Street Parking
Possession: At Recordation
Records Available: Phase I
Road Responsibility: Paved
Roof: Rolled/Hot Mop
Pets/Animals: Domestic
Terms & Conditions: Lease/Purchase; Other - See Remarks
Utilities Installed: Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer
Listing Office: Linton Real Estate
Last Updated: December - 11 - 2023
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