$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
Original List Price: 995000
Listing Date: 2020-11-24
Status: Closed
Listing Price: 995000
List Price/SqFt: 249
Street #: 500
Street Name: Copper Basin
St Suffix: Road
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Comm Type: Hotel/Motel
Zoning: BG
Zoning Description: Business General
Tax Parcel: 109-09-078A
Assessor's Book #: 109
Assessor's Map #: 9
Assessor's Parcel #: 78
Assessor Parcel Ltr: A
REO/Short Sale: Not Applicable
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
Lot Size: 18411
Aprx Acres: 0.42
Buildings: 4
Total Liveable SqFt: 3996
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 21
Year Built: 1954
Management: Mgmt Company
Baths - Full: 14
CC & R Fees: 4203
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.
Office/Member Info
Compensation: 2
Compensation Type: %
Status Change Info
Under Contract Date: 2020-12-16
Sold Date: 2021-03-03
Sold Price: $980,000
Sold Price/SqFt: 245
Financing: Conventional
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
Terms & Conditions: 1031 Exchange; Conventional
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
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.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.