For Sale
$13,000,000
1720 Priest DrTempe, AZ 85281
131-Key Tempe Motel near ASU
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- 131-key motel in Tempe, AZ, offering a compelling investment opportunity.
- 98,106 square feet on a 2.25-acre lot, priced at $13,000,000 ($132.51/SF).
- Exterior corridor property, built in 1977, with GID zoning.
- Prime location near ASU and Mill Avenue, with convenient airport access.
- Strong potential for expense optimization and revenue growth; 11.3% cap rate based on trailing twelve months' revenue.
Property Details for 1720 Priest Dr
- Property type
- Hospitality properties, Motels
- Square Feet
- 98,106 SF
- Year Built
- 1977
- Stories
- 3
Location Insight
- City
- Tempe
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.4092787
- Longitude
- -111.9615179
1720 Priest Dr, Tempe, Arizona
Nearby Similar for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
