2101 Navajo BlvdHolbrook, AZ 86025

Property Details for 2101 Navajo Blvd

Year built

1948

Lot size

2.64 AC

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This exceptional redevelopment opportunity presents a 35-key motel in Holbrook, Arizona, situated on a 2.64-acre lot (APN: 109-24-005A). The property, built in 1948 and consisting of two single-story buildings, is zoned commercial and offers significant upside potential. Currently operating as an independent motel, it requires complete renovation. However, a strong pro-forma NOI of $260,061 projects a compelling 23.64% cap rate at the asking price of $1,100,000. The property's location on Navajo Blvd in Holbrook, AZ 86025, provides easy access to Interstate 40, placing it strategically along a major travel corridor. Holbrook's proximity to the White Mountains and national parks like the Petrified Forest and Painted Desert ensures a consistent stream of tourists. The city's economic activity is further bolstered by the nearby West Camp Wind Farm. Post-pandemic, the Holbrook hotel market has shown resilience, with gross revenues matching or exceeding 2019 levels, indicating a robust and growing tourism sector. This presents a unique chance to capitalize on the area's tourism and the motel's redevelopment potential. A sophisticated valuation approach, utilizing Gross Rent Multiplier (GRM) and Price Per Key metrics specific to the Holbrook market, supports the asking price. This is an ideal investment for those seeking a high-return redevelopment project in a thriving tourist destination.

Location Insight

City

Holbrook

County

Navajo

State

Arizona

Latitude

34.9244

Longitude

-110.146

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].