150 Lake Powell BlvdPage, AZ 86040

Property Details for 150 Lake Powell Blvd

Year built

1973

Construction

CONCRETE

Lot size

1.48 AC

Property size (Sq ft)

2,960 SF

Property type

Hotels

Property subtype

Motels

APN

800-08-017

APU

80008017

Description

This exceptional 50-key motel, the Lake Powell Canyon Inn, presents a compelling investment opportunity in Page, Arizona. Built in 1973 and extensively renovated in 2018, this two-story, exterior-corridor property boasts 64,469 square feet across three buildings situated on a 1.48-acre lot (APN R0020204). The property is located at 150 N Lake Powell Blvd, in the heart of downtown Page, AZ 86040, offering convenient access to major attractions. Amenities include a swimming pool, children's park, breakfast area, lounge, vending machines, and ice machines. The motel operates under a fee-simple ownership structure and is zoned CBD. Despite the challenges of 2020, the property maintained strong revenue and occupancy rates exceeding 50%, with an Average Daily Rate (ADR) above $65. The increasing demand for lodging in this high-traffic area, coupled with the potential for increased room rates, positions this motel for significant future growth. The property is offered unencumbered by management, allowing for complete operational flexibility for the new owner. This presents a rare chance to acquire a well-established, high-performing motel in a thriving tourism destination. The property's strong performance history, coupled with its prime location and attractive amenities, makes it an ideal investment for experienced hospitality operators seeking a profitable venture in a sought-after market.

• CAP approach

  CAP return

  Valuation

  6%

  $681,985

  6.5%

  $629,525

  7%

  $584,559

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,203,055

  Geo Method

  $1,203,055

• Alternative Use

  Use

  Valuation

  Residential

  $687,258

  Hospitality

  $629,525

  Educational

  $523,757

  Medical

  $541,770

  Retail

  $814,734

Location Insight

City

Page

County

Coconino

State

Arizona

Latitude

36.9202

Longitude

-111.461

CBSA code

22380

CBSA name

FLAGSTAFF, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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