For Sale
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4021 N 27th AvePhoenix, AZ 85017

The fee simple interest of the 98-room independent Travel Inn in Phoenix, AZ

Overview

Added:
Jan 28
Days on market:
67
NewGen Advisory is proud to present for sale, the fee simple interest of the 98-room independent Travel Inn in Phoenix, AZ. The hotel is situated in one of the highest growing RevPar markets in the entire state, with multiple rebrand options from top franchises.

Multi-family investors have an opportunity to convert the hotel rooms to long term apartments with the existing R-5 zoning.

Location Description
The Travel Inn – Phoenix, AZ is conveniently located off Interstate 17 (I-17), a north-south highway that stretches throughout the heart of Phoenix providing convenient access to all the Valley’s major demand generators. ​The hotel is a gateway to all that this dynamic city has to offer. It is situated within a 10-minute drive of prominent demand generators such as Arizona State University West Campus, Grand Canyon University, Phoenix Convention Center, and Phoenix Sky Harbor Airport. ​

The central location puts sports fans just moments away from multiple MLB spring training stadiums, Arizona Cardinals State Farm Stadium, Phoenix Suns Footprint Center and Arizona Diamondbacks Chase Field.

Highlights

  • 95 room independent hotel unencumbered by franchise or management 3 additional rooms used as manager’s quarters Multiple franchise opportunities available Absentee managed with significant upside Well maintained property with minimal deferred maintenance Zoned R-5: multi-family use permitted Phoenix population: 1.6M | 5th most populated US State

Property Details for 4021 N 27th Ave

Property type
Hotels, Hospitality properties
Square Feet
32,600 SF
Class
C
Year Built
1972
Buildings
1
Stories
2
Elevators
N/A
Units
92

Location Insight

City
Phoenix
County
State
Arizona

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4021 N 27th Ave
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