$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
Original List Price: 1450000
Listing Date: 2021-01-01
Status: Closed
Listing Price: 1450000
List Price/SqFt: 305
Street #: 503
Direction: S
Street Name: Montezuma
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Comm Type: Hotel/Motel
Zoning: BG
Tax Parcel: 109-14-039
Assessor's Book #: 109
Assessor's Map #: 14
Assessor's Parcel #: 39
REO/Short Sale: Not Applicable
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
Lot Size: 18470
Aprx Acres: 0.42
Buildings: 7
Total Liveable SqFt: 4749
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 14
Year Built: 1910
Property Use: Business for Sale
CC & R Fees: 5182
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.
Office/Member Info
Compensation: 3
Compensation Type: %
Status Change Info
Under Contract Date: 2021-01-01
Sold Date: 2021-01-01
Sold Price: $1,450,000
Sold Price/SqFt: 305
Financing: Conventional
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
Terms & Conditions: Conventional
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
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.