$2,550,000
Prescott, AZ 86303
MLS# 1042029
Status: Closed
8650 sqft
1 / 10
Property Description
The Grand Highland Hotel, a 12-room hotel located on Whiskey Row in the desirable Historic Downtown District of Prescott, Arizona. The Grand Highland Hotel is a two-story property consisting of 7,125 square feet, with an additional 325 square feet of storage on ground level and a 1,200 square-foot basement also used for storage and staff meeting space. The subject property consists of three 3,750 square-foot lots, with the hotel sitting on one lot and the other two lots designated to the hotel's outdoor event/wedding space.
Details
Maps
Contract/Address/Legal
Original List Price: 3200000
Listing Date: 2021-09-10
Status: Closed
Listing Price: 3200000
List Price/SqFt: 370
Street #: 152
Direction: S
Street Name: Montezuma
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Comm Type: Hotel/Motel
Zoning: DTB
Tax Parcel: 109-02-016C
Assessor's Book #: 109
Assessor's Map #: 2
Assessor's Parcel #: 16
Assessor Parcel Ltr: C
REO/Short Sale: Not Applicable
Legal: PRESCOTT ORIGINAL TOWNSITE REPLAT BLOCK 13, LOTS 29-31 PER MAP 20 19-0011835, LOT 30R
General Property Description
Lot Size: 11388
Aprx Acres: 0.26
Buildings: 8650
Total Liveable SqFt: 8650
Source of Measuremnt: County Assessor
Stories: 2
Year Built: 1988
Management: Owner
Baths - Full: 12
CC & R Fees: 7556
Tax Info
Taxes: 14472
Tax Year: 2020
Remarks & Misc
Directions: The Grand Highland Hotel is situated along the main thoroughfare of Downtown Prescott (Highway 89/Montezuma Street) in an area called Whiskey Row.
Office/Member Info
Compensation: 2
Compensation Type: %
Status Change Info
Under Contract Date: 2021-09-11
Sold Date: 2021-09-11
Sold Price: $2,550,000
Sold Price/SqFt: 295
Financing: Conventional
Property Features
Bathrooms: Exterior; Separate M and W; Other - See Remarks
Building Type: 5+ Units; Motel/Hotel; Other - See Remarks
Business Location: Freestanding Bldg; Other - See Remarks
Commercial Amenities: Ceiling Ht. Under 12
Construction: Block/Brick; Frame - Wood; Stucco
Cooling: Evaporative Cooling; Gas Pack
External Amenities: Fence; Landscaped
Flooring: Carpet; Laminate; Wood
Heating: Natural Gas; Natural Gas
Internal Amenities: Bathroom; Fire/Smoke Detector
Parking: Street Parking; Other - See Remarks
Possession: At Recordation
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Rolled/Hot Mop
Terms & Conditions: Conventional
Utilities Installed: Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer
Supplements
The Grand Highland Hotel features three fully recreated and restored event venues: the Holiday Courtyard, Holiday Ballroom and Holiday Hub. The Holiday Venues event spaces provide an ideal backdrop for bridal showers, rehearsal dinners, wedding ceremonies, cocktail and seated receptions and dancing. Event amenities include seating, tables, state-of-the-art sound system and top notch guest service. Additionally, guests having an event can rent out the entire property for the day or weekend. The Holiday Courtyard is located on an adjacent lot directly north of the hotel. It is a large, well-appointed venue utilized for events such as weddings, parties, concerts and more. The property's event venue was previously constructed with two buildings that were destroyed by a fire in May 2012. The resulting empty space created the inspiration for the Holiday Courtyard. The Holiday Hub is an ideal space for a private meeting, cocktail hour or staging area for events. The space features a mounted TV, refrigerator and custom seating and table layouts.
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: September - 11 - 2021
The listing broker’s offer of compensation is the dollar amount or percentage of sale price the listing broker offers to pay a broker who (a) participates in the multiple listing service where the listing broker filed the listing and (b) procures the buyer for a successful transaction.
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