$980,000
Prescott, AZ 86303
MLS# 1034530
Status: Closed
3996 sqft
1 / 16
Property Description
Extended Stay & Transient Motel FOR SALE in Downtown Prescott offered at $995,000. The PINE VIEW INN is one of only a few daily, weekly monthly rentals in the downtown Prescott area. This Turn-key opportunity offers all furniture, fixtures and equipment, name and brand all with good cash flow & upside. Situated on approx. .45 acres, there are 14 units: 8 studios with kitchens, 4 large studio hotel rooms, 1 casita and 1 two bedroom apartment. Owner is willing to provide a credit in escrow for the addition of a 15th room to this property. Please call listing agent for additional details. There are 21 on-site parking spaces along with an on-site Manager's office and coin operated laundry room. All units offer wi-fi, cable and all utilities. The property is in very good condition Click MORE
Details
Maps
Contract/Address/Legal
List Price/SqFt: 249
Comm Type: Hotel/Motel
REO/Short Sale: Not Applicable
Zoning: BG
Zoning Description: Business General
Assessor's Book #: 109
Assessor's Map #: 9
Assessor's Parcel #: 78
Assessor Parcel Ltr: A
Legal: IRREG PCL APPROX 185X80X182X104.34' CONT APPROX .453AC BEG APPR OX 818' N & 680' W OF S4 COR OF SEC 4 13 2W AP18
General Property Description
Aprx Acres: 0.42
Lot Size: 18411
Buildings: 4
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 21
Management: Mgmt Company
Vac Rate %: 0
CAM $: 0
GRM: 0
CC & R Fees: 4203
Total Liveable SqFt: 3996
Year Built: 1954
Baths - Full: 14
Tax Info
Taxes: 4200
Tax Year: 2020
Remarks & Misc
Directions: From the downtown Courthouse, go approx. 6 blocks South on Montezuma to the Property on Right on the NW corner of White Spar Road and Coppor Basin Road.
Remarks: Extended Stay & Transient Motel FOR SALE in Downtown Prescott offered at $995,000. The PINE VIEW INN is one of only a few daily, weekly monthly rentals in the downtown Prescott area. This Turn-key opportunity offers all furniture, fixtures and equipment, name and brand all with good cash flow & upside. Situated on approx. .45 acres, there are 14 units: 8 studios with kitchens, 4 large studio hotel rooms, 1 casita and 1 two bedroom apartment. Owner is willing to provide a credit in escrow for the addition of a 15th room to this property. Please call listing agent for additional details. There are 21 on-site parking spaces along with an on-site Manager's office and coin operated laundry room. All units offer wi-fi, cable and all utilities. The property is in very good condition Click MORE
Status Change Info
Sold Price/SqFt: 245
Financing: Conventional
Under Contract Date: 2020-12-16
Sold Date: 2021-03-03
Sold Price: $980,000
Building Type
5+ Units: 1
Motel/Hotel: 1
Construction
Frame - Wood: 1
Cooling
Room A/C: 1
External Amenities
Fence: 1
Handicap Access: 1
Paved Parking: 1
Flooring
Carpet: 1
Tile: 1
Vinyl: 1
Heating
Electric: 1
Possession
At Recordation: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City: 1
City Maintained Road: 1
Paved: 1
Roof
Asphalt Shingle: 1
Bathrooms
Interior: 1
Other - See Remarks: 1
Business Location
Corner Location: 1
Freestanding Bldg: 1
Traffic Signal: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Commercial Amenities
Ceiling Ht. Under 12: 1
Other - See Remarks: 1
Utilities Installed
Electricity: 1
Master Meter: 1
Natural Gas: 1
Telephone: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Bathroom: 1
Fire/Smoke Detector: 1
Other - See Remarks: 1
Parking
On-Site: 1
Other - See Remarks: 1
ContractAddressLegal
Original List Price: 995000
Listing Date: 2020-11-24
Status: Closed
Listing Price: 995000
Street #: 500
Street Name: Copper Basin
St Suffix: Road
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 109-09-078A
Property Features
Bathrooms: Interior; Other - See Remarks
Building Type: 5+ Units; Motel/Hotel
Business Location: Corner Location; Freestanding Bldg; Traffic Signal
Commercial Amenities: Ceiling Ht. Under 12; Other - See Remarks
Construction: Frame - Wood
Cooling: Room A/C
External Amenities: Fence; Handicap Access; Paved Parking
Flooring: Carpet; Tile; Vinyl
Heating: Electric
Internal Amenities: Bathroom; Fire/Smoke Detector; Other - See Remarks
Parking: On-Site; Other - See Remarks
Possession: At Recordation
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Asphalt Shingle
Utilities Installed: Electricity; Master Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Supplements
Extended Stay & Transient Motel FOR SALE in Downtown Prescott offered at $995,000. The PINE VIEW INN is one of only a few daily, weekly monthly rentals in the downtown Prescott area. This Turn-key opportunity offers all furniture, fixtures and equipment, name and brand all with good cash flow & upside. Situated on approx. .45 acres, there are 14 units: 8 studios with kitchens, 4 large studio hotel rooms, 1 casita and 1 two bedroom apartment. Owner is willing to provide a credit in escrow for the addition of a 15th room to this property. Please call listing agent for additional details. There are 21 on-site parking spaces along with an on-site Manager's office and coin operated laundry room. All units offer wi-fi, cable and all utilities. The property is in very good condition with many recent renovations made. Very low historical vacancy. This is a wonderful investments opportunity in downtown Prescott.
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: March - 05 - 2021
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