For Sale
$1,599,999

3220 Az-89Prescott, AZ 86301

20-Unit Motel, Prime Prescott Location

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 20-unit motel, ideally situated in Prescott, Arizona, at 3220 AZ-89, zip code 86301. The property, known as the Granite Dells Lodge, boasts a prime location between Willow and Watson Lakes in the Dells area. Built in 1963 and renovated in 1997, the property comprises two single-story buildings totaling 5,887 square feet. The property is zoned RS-35 and C1-2, offering flexibility for potential future development. The assessed parcel number (APN) is 106-13-018C. This is a value-add opportunity for investors seeking to capitalize on the thriving Prescott rental market. Financial projections are based on pro-forma estimates and further details are available upon request. Serious inquiries only. The property's location in Yavapai County offers convenient access to local amenities and attractions. This unique property presents a chance to increase profitability through strategic improvements and management. The property's history as a motel provides a solid foundation for a successful multi-family investment. Further information regarding the financial performance and potential returns is available to qualified buyers.

Highlights

  • $1,599,999 asking price.
  • 20-unit motel converted to multifamily, offering a value-add opportunity.
  • 5,887 square feet.
  • Built in 1963, renovated in 1997.
  • Two one-story buildings.
  • Located at 3220 AZ-89, Prescott, AZ 86301 (APN: 106-13-018C).

Property Details for 3220 Az-89

Property type
Hospitality properties, Motels
Square Feet
5,887 SF
Year Built/Renovated
1963/1997
Buildings
2
Stories
1

Location Insight

City
Prescott
County
Yavapai
State
Arizona
Latitude
34.5981874
Longitude
-112.4263175
3220 Az-89, Prescott, Arizona

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3220 Az-89
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