1500 Fort Grant RdWillcox, AZ 85643

Property Details for 1500 Fort Grant Rd

Year built

1996

Construction

STEEL FRAME

Lot size

1.97 AC

Property size (Sq ft)

25,056 SF

Property type

Hospitality properties

Property subtype

Motels

APN

202-43-007H

APU

20243007H

Description

This 53-unit Super 8 by Wyndham hotel in Willcox, Arizona, presents a compelling value-add investment opportunity. Located at 1500 Fort Grant Rd, Willcox, AZ 85643, this fee-simple property boasts 31,661 square feet on a 1.97-acre lot. Built in 1996, the two-story building features 53 keys and currently operates at 50% occupancy (as of October 1, 2023). The property benefits from a prime location on the main exit of Rex Allen Road off Interstate 10, providing excellent visibility and accessibility. Significant upside potential exists for an owner-operator or hands-on investor through effective rate and expense management. The property includes additional land used for truck parking, a valuable asset in this location. The hotel is a limited-service, interior corridor property with a two-bedroom, two-bathroom manager's apartment. Numerous rebranding options are available. Financing options may include SBA 7(a), SBA 504, and conventional loan programs. The asking price is $1,900,000, resulting in a price per key of $35,849.06. This represents a rare opportunity to acquire a well-situated hotel in a growing market with substantial room for improvement and increased profitability. The property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $2,819,875

  6.5%

  $2,602,962

  7%

  $2,417,036

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,797,898

  Geo Method

  $9,797,898

• Alternative Use

  Use

  Valuation

  Residential

  $2,841,678

  Hospitality

  $2,602,962

  Educational

  $2,165,634

  Medical

  $2,240,113

  Retail

  $3,368,763

Location Insight

City

Willcox

County

Cochise

State

Arizona

Latitude

32.2669

Longitude

-109.846

CBSA code

43420

CBSA name

SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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