$7,880,000
Sedona, AZ 86336
MLS# 1012079
Status: Closed
18874 sqft
1 / 26
Property Description
**Ownership Retirement Investment Opportunity - Established Boutique Hotel - Strong NOI - Adobe Grand Villas** The Adobe Grand Villas is an original owner, 16-unit (18,874 sqft), boutique hotel located in Sedona, AZ (Yavapai County). AGV is more than a retreat, it's an unforgettable experience. Each of the 16 themed private villas is a complete escape as the one-of-a-kind design works in tandem with exceptional service. Adobe Grand Villas is a unique and special Sedona business for sale that is a wonderful opportunity to enjoy as an active retirement business. Other uses include conversion to an exclusive Arizona addiction rehab and wellness center, or as a fractional ownership destination property. Property tours are by appointment only. Unannounced visits are strictly prohibited.
Details
Maps
Documents
Contract/Address/Legal
List Price/SqFt: 464
Comm Type: Hotel/Motel
REO/Short Sale: Not Applicable
Zoning: C-2
Business Name: Adobe Grand Villas
Zoning Description: General Commercial
Business Type: Boutique Hotel
Assessor's Book #: 408
Assessor's Map #: 24
Assessor's Parcel #: 492
Assessor Parcel Ltr: F
Legal: AN IRREG PCL IN THE SW4SW4 SW COR LYNG APPROX 820'N OF SW COR OF SE 11-17-5E CONT 1.12AC 3429/254
General Property Description
Aprx Acres: 1.12
Lot Size: 48787
Buildings: 6
Source of Measuremnt: County Assessor
Stories: 2
Parking Spaces: 26
Management: Manager
Vac Rate %: 36.74
CAM $: 0
GRM: .
CC & R Fees: 20876
Property Use: Business for Sale
Date Available: 2018-06-01
Total Liveable SqFt: 18874
Year Built: 2004
NOI $: 575745.81
Cap %: 6.58
Baths - Full: 16
Tax Info
Taxes: 42994
Tax Year: 2017
Remarks & Misc
Directions: From Cottonwood, turn right on 89A North to Sedona for 14 miles. Turn left on Tortilla Dr (at GIANT gas station), left at stopsign on Southwest Drive, right on Hozoni Dr, entrance to the Adobe Grand Villas is on left.
Remarks: **Ownership Retirement Investment Opportunity - Established Boutique Hotel - Strong NOI - Adobe Grand Villas** The Adobe Grand Villas is an original owner, 16-unit (18,874 sqft), boutique hotel located in Sedona, AZ (Yavapai County). AGV is more than a retreat, it's an unforgettable experience. Each of the 16 themed private villas is a complete escape as the one-of-a-kind design works in tandem with exceptional service. Adobe Grand Villas is a unique and special Sedona business for sale that is a wonderful opportunity to enjoy as an active retirement business. Other uses include conversion to an exclusive Arizona addiction rehab and wellness center, or as a fractional ownership destination property. Property tours are by appointment only. Unannounced visits are strictly prohibited.
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 418
Financing: Cash
Under Contract Date: 2018-10-31
Sold Date: 2019-02-21
Sold Price: $7,880,000
Building Type
Motel/Hotel: 1
Construction
Frame - Wood: 1
Stucco: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
External Amenities
Drip System: 1
Fence: 1
Handicap Access: 1
Landscaped: 1
Security Lights: 1
Flooring
Carpet: 1
Concrete: 1
Tile: 1
Wood: 1
Heating
Natural Gas: Natural Gas, Natural Gas
Natural Gas: 1
Possession
At Recordation: 1
Records Available
Alta Survey: 1
Road Responsibility
City: 1
Roof
Rolled/Hot Mop: 1
Tile: 1
Bathrooms
ADA: 1
Interior: 1
Public: 1
Separate M and W: 1
Business Location
Corner Location: 1
Freestanding Bldg: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
SBA: 1
Commercial Amenities
Ceiling Ht. Under 12: 1
Utilities Installed
Electricity: 1
Fire Hydrant: 1
Natural Gas: 1
Telephone: 1
Water - City: 1
Internal Amenities
Bathroom: 1
Parking
On-Site: 1
ContractAddressLegal
Original List Price: 8750000
Listing Date: 2018-04-20
Status: Closed
Listing Price: 8750000
Street #: 35
Street Name: Hozoni
St Suffix: Drive
City/Township: Sedona
State: AZ
Zip Code: 86336
County: Coconino
Tax Parcel: 408-24-492F
Property Features
Bathrooms: ADA; Interior; Public; Separate M and W
Building Type: Motel/Hotel
Business Location: Corner Location; Freestanding Bldg
Commercial Amenities: Ceiling Ht. Under 12
Construction: Frame - Wood; Stucco
Cooling: Ceiling Fan(s); Central Air
External Amenities: Drip System; Fence; Handicap Access; Landscaped; Security Lights
Flooring: Carpet; Concrete; Tile; Wood
Internal Amenities: Bathroom
Parking: On-Site
Possession: At Recordation
Records Available: Alta Survey
Roof: Rolled/Hot Mop; Tile
Utilities Installed: Electricity; Fire Hydrant; Natural Gas; Telephone; Water - City
Supplements
The hotel rests on pristine desert landscape in southwest Sedona with privacy and views. The hotel runs smoothly and autonomously with a dedicated culinary team, maintenance and housekeeping staff and contracted spa services. Every guest is treated with care. AGV offers investors and/or operators a stabilized cash flow and seasoned staff. This is the Crown Jewel of Sedona.
Adobe Grand Villas - photobook 
Listing Office: United CountryReal Estate-Ari
Last Updated: February - 23 - 2019
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