For Sale
$2,750,000

110 Aero Dr Payson, AZ 85541

98-Key Hotel, Prime Arizona Location

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 4.96-acre development site in Payson, Arizona, presents a lucrative opportunity for hospitality investors. Located at 110 W Aero Dr, Payson, AZ 85541 (APN 304-16-301), this property offers the chance to construct a new Hilton-branded Home2 Suites hotel. The site boasts a strategic location off Highway 87, providing convenient access for travelers. Payson, known as the "Heart of Arizona," is situated amidst the expansive Tonto National Forest and is home to the renowned "World's Oldest Continuous Rodeo," ensuring a robust tourism base. The property's 98-key potential and limited competition within the area promise significant returns. This development opportunity is ideal for experienced hospitality developers seeking to capitalize on the growing demand for high-quality hotel accommodations in this desirable location. The asking price for this exceptional development site is $2,750,000. The land value per square foot is not currently assessed. This is a unique chance to build a flagship hotel in a thriving Arizona market. Don't miss this chance to invest in a promising future.

Highlights

  • 4.96-acre development site in Payson, Arizona, ideal for a Hilton Home2 Suites hotel.
  • Located at 110 W Aero Dr, Payson, AZ 85541 (APN 304-16-301), offering convenient Highway 87 access.
  • 98-key hotel potential with limited competition in a strong tourism market.
  • Asking price: $2,750,000.

Property Details for 110 Aero Dr

Property type
Hospitality properties, Hotels
Lot Size (sq. ft)
216,058 SF

Location Insight

City
Payson
County
Gila
State
Arizona
Latitude
34.2285341
Longitude
-111.329079

FAQs

What type of property is this?
Hospitality property - 98-Key Hotel, Prime Arizona Location
Where is the hospitality property located?
The property is located at 110 Aero Dr Payson, AZ.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 4.96-acre development site in Payson, Arizona, ideal for a Hilton Home2 Suites hotel.; Located at 110 W Aero Dr, Payson, AZ 85541 (APN 304-16-301), offering convenient Highway 87 access.; 98-key hotel potential with limited competition in a strong tourism market.
How can I contact the broker?
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110 Aero Dr
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