451 London Bridge RdLake Havasu City, AZ 86403

Property Details for 451 London Bridge Rd

Year built

1994

Construction

STEEL FRAME

Lot size

0.25 AC

Zone code

C1

Property type

Retail properties

Property subtype

Parking lots & garages

APN

107-01-022

APU

10701022

Description

This 19,726 square foot motel in Lake Havasu City, Arizona, presents a compelling investment opportunity. Located at 451 London Bridge Rd, 86403, this hospitality property boasts a strong 11.69% capitalization rate and a Net Operating Income (NOI) of $409,000, with an asking price of $3,500,000. The property has undergone significant renovations and refresh, including new furniture, air conditioning units, and vinyl flooring. Its location in a popular leisure destination, attracting significant tourism from California and Arizona, ensures consistent demand. The motel's current absentee ownership presents potential for operational improvements through enhanced management and increased market penetration. An existing short-term rental (STR) operator could leverage economies of scale by integrating this property into their existing network. Furthermore, the absence of new motel construction in the pipeline secures the property's position in the market. This is an exceptional opportunity for investors seeking a high-return asset in a thriving tourist area. The property benefits from its established presence and the ongoing improvements already implemented. The potential for further operational enhancements promises significant upside for the savvy investor.

• CAP approach

  CAP return

  Valuation

  6%

  $4,289,284

  6.5%

  $3,959,339

  7%

  $3,676,529

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,498,165

  Geo Method

  $5,498,165

• Alternative Use

  Use

  Valuation

  Residential

  $3,339,850

  Hospitality

  $3,059,285

  Educational

  $2,545,289

  Medical

  $2,632,826

  Retail

  $3,959,339

Location Insight

City

Lake Havasu City

County

Mohave

State

Arizona

Latitude

34.4845

Longitude

-114.353

CBSA code

29420

CBSA name

LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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