$2,200,000
Prescott, AZ 86303
MLS# 1041474
Status: Closed
6472 sqft
1 / 108
Property Description
Award winning Prescott Pines Inn Bed & Breakfast. Most highly sought after B&B in Prescott, with an over the top return rate. First offered as a lodging experience in 1952. Located about a mile to the Courthouse Plaza and Whiskey Row. Fully licensed commercial kitchen with dining room seating for 18 guests. 5 buildings, 13 guest rooms including a lodge for large families on a mature Ponderosa pine lot adjacent to Granite Creek. Current ownership has dramatically increased room bookings and revenue (offering wedding and private function events). Romantic setting with a large flagstone patio, meditation garden, private patios to each room, and guest grill areas. Online reviews speak for themselves. Large Innkeepers quarters' (1000sf). Financials available after site visit with signed NDA.
Details
Maps
Documents
Contract/Address/Legal
Original List Price: 2200000
Listing Date: 2021-08-20
Status: Closed
Listing Price: 2200000
List Price/SqFt: 340
Street #: 901
Street Name: White Spar
St Suffix: Road
City/Township: Prescott
State: AZ
Zip Code: 86303
Subdivision: Mile High Properties
Neighborhood: N/A
County: Yavapai
Comm Type: Hotel/Motel
Zoning: BG
Zoning Description: Business General
Business Type: Bed & Breakfast Inn
Business Name: Prescott Pines Inn Bed & Breakfast
Tax Parcel: 107-14-085A
Assessor's Book #: 107
Assessor's Map #: 14
Assessor's Parcel #: 85
Assessor Parcel Ltr: A
REO/Short Sale: Not Applicable
Legal: LOTS 18 & 19 LESS AN IRREGULAR STRIP IN THE NW CORNER SAID LOT 18 FOR ROW. CONT. 0.84 AC MILE HIGH PROPERTIES UNIT 2 BOOK 4 PAGE 66 (PLUS another lot, see docs tab)
General Property Description
Lot Size: 46698
Aprx Acres: 1.07
Buildings: 6
Total Liveable SqFt: 6472
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 21
Year Built: 1928
Management: Owner
Vac Rate %: 46.5
Gross Vol/Yr $: 496032
NOI $: 158578
Cap %: 7.2
Baths - Full: 13
GRM: N/a
Property Use: Business for Sale
Construction Status: Existing
Max Contgs/Bldg Sz: 6000
Date Available: 2021-08-21
CC & R: No
Tax Info
Taxes: 4668
Tax Year: 2020
Remarks & Misc
Directions: Gurley Street (Courthouse Square) & Montezuma South 0.7 Miles on Montezuma (turns into White Spar), property at mile post 310.
Office/Member Info
Compensation: 2.5
Compensation Type: %
Status Change Info
Under Contract Date: 2021-12-08
Sold Date: 2022-02-17
Sold Price: $2,200,000
Sold Price/SqFt: 340
Financing: Conventional
Heating
Natural Gas: 1
Property Features
Bathrooms: Public; Staff; Unisex
Building Type: 5+ Units; Motel/Hotel
Business Location: Freestanding Bldg
Commercial Amenities: Ceiling Ht. Under 12; Ceiling Ht. 16+
Construction: Frame - Wood
Cooling: Ceiling Fan(s); Central Air; Evaporative Cooling; Room A/C
External Amenities: Fence; Paved Parking
Flooring: Carpet; Tile; Wood
Heating: Electric
Internal Amenities: Ceiling Fan(s); Fire/Smoke Detector
Parking: On-Site
Possession: At Recordation
Records Available: Elect/HVAC Plan; Site Plan
Road Responsibility: City Maintained Road; State Maintained Road
Roof: Asphalt Shingle
Terms & Conditions: 1031 Exchange; Conventional; SBA
Utilities Installed: 220; Electricity; Fire Hydrant; Natural Gas; Water - City; WWT - City Sewer
Property Prospectus 
Listing Office: My Home Group Real Estate
Last Updated: April - 18 - 2022
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