Listing ID86243
Price$3,750,000
SqFt
14,892
Acres
1.580
StatusActive
CountyGila
Year Built1983
Property TypeCommercial
Property Sub TypeMotel/Hotel
This 39 room motel is located at the entrance into the heart of Payson, Arizona's beautiful Rim Country. Refurbished and spacious rooms on this well cared for property with 1.58 acres of land. One bedroom apartment for owner/manager, positioned right on the Beeline Highway, the main thoroughfare through Payson. Ample parking and great potential for this fine property. All refurbished and remodeled inside and out is 2020-2021.
County
Gila
Price/SqFt
251.81
photo Count
39
Property Sub Type
Motel/Hotel
Property Type
Commercial
Subdivision
Pine Ridge Add - PSW
Year Built
1983
Zoning
Commercial
1st Assumable
no
Accelerate
no
Average Room Rent/Night
81 - 100
Cap Rate
CLO
Down Payment
CLO
Existing Finance Fees
Free & Clear
Foreclosure
no
Form of Ownership
Partnership, Sole Proprietor
Gross Sales
472459
Improvements
CLO
Must Qualify
no
Net Operating Income
100,000+
Owner May Sell/Terms
Cash, Conventional, OWC/OMC, Submit
Possession
At Close of Escrow
Sale Price Includes
Building, Business, Equipment, Fixtures, Inventory, Land
Sale/Lease
Sale
Short Sale
no
Tax Year
2021
Taxes
16319
Tenant Pays
None
Absolute Longitude
111
Area
Payson Southwest
Flood Zone
None
HOA
no
Location
Downtown, Highway Front
Lot Number
26
Approximate SqFt
14892
Cooling
Electric Refrig.
Fireplace/Woodstove Other
YES
Floor Covering
Carpeting, Laminate, Tile
Floor Type
Slab
General Improvement Info Other
YES
Heating
Wall Panel
Interior Features
Dual Pane Windows, Handicap Equipped, Smoke Detectors, TVs Included, Vaulted Ceiling
Number of Tenants
CLO
Total Rooms
39
Vacancy Percentage
72
Management
Owner/Family
Motel Includes
Land
Training Other
negotiable
Utilities Available
Cable TV/Satellite, Electricity, Internet Hook Up, Sewer Hooked In, Telephone, Town of Payson Water, Trash
Construction
Wood Frame
Exterior Features
Handicap Access, Landscaping
Garage/Carport
None
General Land Info Other
YES
Land Size
1.58
Lot Dimensions
310.08x288.3x224.12x399.83
Lot/Street Improvements
Blacktop Street, Curbs, Gutters, Paved Parking, Sidewalks
Property Features
None
Roof
Asphalt/Comp Shingle
Siding
Stucco
Type/Style
Two Story
© 2022 Central Arizona MLS (CAZBR).
Information deemed reliable, but not guaranteed.
Data last updated: Sunday, June 26th, 2022
Listing courtesy of Berkshire Hathaway HomeServices Advantage Realty.
Information deemed reliable, but not guaranteed.
Data last updated: Sunday, June 26th, 2022
Listing courtesy of Berkshire Hathaway HomeServices Advantage Realty.
Data services provided by IDX Broker
