163 Park Ave - Hospitality FOR SALE


Clifton, AZ 85533
$2,000,000 USD
602-920-1700
163 Park Ave, Clifton, AZ for Sale
$2,000,000 USD
Hospitality - FOR SALE
1/19
null | 11.61% Cap Rate

163 Park Ave
Clifton, AZ 85533


OVERVIEW

Presenting a remarkable investment opportunity in Clifton, AZ. This historic 6,000 SF building, originally erected in 1890 and fully renovated in 2020 with new plumbing, electrical, roof, and floors, stands prominently in the heart of Clifton. Each of its 9 spacious rooms features a kitchen and bath, with two suites boasting claw-foot tubs.The property includes a lucrative full-service (Series 6) bar with a patio area and two newly re-felted pool tables. Additionally, there's a charming work/meeting/dining space equipped with a large table and cozy couch seating, complemented by a wood-burning stove and impressive 14-foot ceilings on the first floor and 10-foot ceilings on the second floor. There is also an owners quarters (1,890 sqft) that could also be used a rental space if desired. Offered fully furnished, including many antique pieces (artwork excluded), this property is perfectly suited for a boutique hotel, bed and breakfast, or event venue. It represents the quintessential cornerstone for launching a memorable and prosperous hospitality venture in the Clifton area.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$314 USD /SF

# OF ROOMS

9

PRICE/ROOM

$222,222 {currency}

CAP RATE

11.61%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clifton Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Hotel

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Chris BenjaminCity to City CommercialMore Info
602-920-1700

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Chris BenjaminCity to City CommercialMore Info
602-920-1700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.