$1,450,000
Prescott, AZ 86303
MLS# 1035155
Status: Closed
4749 sqft
1 / 19
Property Description
Hotel For Sale in Downtown Prescott offered at $1,450,000. The Motor Lodge has been the rated the #1 hospitality property in Yavapai County for the past few years on TripAdvisor.com. In addition, the Motor Lodge has received many regional and national accolades. This Turn-key lodging opportunity offers 13 guest rooms totaling 4,749 sf within seven separate buildings. The sale includes all furniture, fixtures and equipment along with the Motor Lodge name and brand. Situated on +/-.41 acres of BR zoned land, there are 14 on-site parking spaces, 10 of which are located in covered carports adjacent to the rooms. There is an on-site Manager's office/kitchen, laundry facilities and storage rooms. All rooms have been completed renovated and are nicely furnished offering free CLICK More...
Details
Maps
Contract/Address/Legal
List Price/SqFt: 305
Comm Type: Hotel/Motel
REO/Short Sale: Not Applicable
Zoning: BG
Assessor's Book #: 109
Assessor's Map #: 14
Assessor's Parcel #: 39
Legal: LOTS 2 4; S 10 OF LEROUX ST ABANDONED ADJ ON THE N LOT 2 AP9 ALL IN BLOCK 38 PRESCOTT BOOK 4 PAGE 22
General Property Description
Aprx Acres: 0.42
Lot Size: 18470
Buildings: 7
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 14
Vac Rate %: 0
CAM $: 0
GRM: 0
CC & R Fees: 5182
Property Use: Business for Sale
Total Liveable SqFt: 4749
Year Built: 1910
Tax Info
Taxes: 4460
Tax Year: 2020
Remarks & Misc
Directions: From the downtown Courthouse, go South approx. 3 blocks on Montezuma St.. The Property will be on the Left. Look for the bright orange pick-up truck in front of property.
Remarks: Hotel For Sale in Downtown Prescott offered at $1,450,000. The Motor Lodge has been the rated the #1 hospitality property in Yavapai County for the past few years on TripAdvisor.com. In addition, the Motor Lodge has received many regional and national accolades. This Turn-key lodging opportunity offers 13 guest rooms totaling 4,749 sf within seven separate buildings. The sale includes all furniture, fixtures and equipment along with the Motor Lodge name and brand. Situated on +/-.41 acres of BR zoned land, there are 14 on-site parking spaces, 10 of which are located in covered carports adjacent to the rooms. There is an on-site Manager's office/kitchen, laundry facilities and storage rooms. All rooms have been completed renovated and are nicely furnished offering free CLICK More...
Status Change Info
Sold Price/SqFt: 305
Financing: Conventional
Under Contract Date: 2021-01-01
Sold Date: 2021-01-01
Sold Price: $1,450,000
Building Type
5+ Units: 1
Motel/Hotel: 1
Construction
Frame - Wood: 1
Cooling
Evaporative Cooling: 1
External Amenities
Landscaped: 1
Paved Parking: 1
Other - See Remarks: 1
Flooring
Carpet: 1
Vinyl: 1
Heating
Natural Gas: 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
Other - See Remarks: 1
Business Location
Freestanding Bldg: 1
Terms & Conditions
Conventional: 1
Commercial Amenities
Ceiling Ht. Under 12: 1
Other - See Remarks: 1
Utilities Installed
Electricity: 1
Natural Gas: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Other - See Remarks: 1
Parking
On-Site: 1
ContractAddressLegal
Original List Price: 1450000
Listing Date: 2021-01-01
Status: Closed
Listing Price: 1450000
Street #: 503
Direction: S
Street Name: Montezuma
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 109-14-039
Property Features
Bathrooms: Other - See Remarks
Building Type: 5+ Units; Motel/Hotel
Business Location: Freestanding Bldg
Commercial Amenities: Ceiling Ht. Under 12; Other - See Remarks
Construction: Frame - Wood
Cooling: Evaporative Cooling
External Amenities: Landscaped; Paved Parking; Other - See Remarks
Flooring: Carpet; Vinyl
Heating: Natural Gas; Natural Gas
Internal Amenities: Other - See Remarks
Parking: On-Site
Possession: At Recordation
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Asphalt Shingle
Utilities Installed: Electricity; Natural Gas; Water - City; WWT - City Sewer
Supplements
Hotel For Sale in Downtown Prescott offered at $1,450,000. The Motor Lodge has been the rated the #1 hospitality property in Yavapai County for the past few years on TripAdvisor.com. In addition, the Motor Lodge has received many regional and national accolades. This Turn-key lodging opportunity offers 13 guest rooms totaling 4,749 sf within seven separate buildings. The sale includes all furniture, fixtures and equipment along with the Motor Lodge name and brand. Situated on +/-.41 acres of BR zoned land, there are 14 on-site parking spaces, 10 of which are located in covered carports adjacent to the rooms. There is an on-site Manager's office/kitchen, laundry facilities and storage rooms. All rooms have been completed renovated and are nicely furnished offering free Wi-Fi and cable TV. Originally built in 1910, this property is in excellent condition and there has been many upgrades and renovations made to it since the owners purchased this property in 2008. This is a rare best-in-class investment/owner operator opportunity in downtown Prescott.
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: January - 04 - 2021
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