1978 Highway 95 - Hospitality FOR SALE


Bullhead City, AZ 86442
$4,100,000 USD
714-707-8134
1978 Highway 95, Bullhead City, AZ for Sale
$4,100,000 USD
Hospitality - FOR SALE
1/12
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1978 Highway 95
Bullhead City, AZ 86442


HIGHLIGHTS

  • 68 unit residency with frontage to Hwy 95 with 27,000 vehicles passing daily according to ADOT
  • Nearby recreational activities include the Colorado River, Davis Dam, Lake Mead, and Katherine Landing at Lake Mohave Marina.
  • 5 miles from Laughlin Intl Airport
  • Small restaurant permit obtainable in additional space on second floor with view or other creative use available.
  • Abundant parking space to accommodate guests
  • Walking distance for daily guest needs such as grocery shopping.

OVERVIEW

Long Term Triple Net Lease prefered to qualified operators. Motel has been vacant since its purchase in 2003 and closed down due to lack of owner operational infrastructure since. Owner attractive financing available with substantial down payment coupled with excellent credit upon verification with adequate collateral. Estimated rehab is approximately 1 mil to bring the motel online in obtaining occupancy permits/rent ready. Estimated gross rent around 70K monthly / 840K yearly. Bullhead city is among Arizona’s fastest growing cities, and it is the sister city to Laughlin, Nevada and ±90 minutes from Las Vegas. Bullhead City/Laughlin is a town of ±46,500 people spread out over ±45 square miles. Bullhead City is a popular destination for retirees and snow birds from east coast states as the dry air, low elevation, and low cost of living are particularly appealing to this demographic. LaPlaza motel has very high visibility and over 27,000 vehicles pass by its front gate daily. Additionally, LaPlaza has very close proximity to downtown Laughlin with nine casinos, the Colorado River, and the Laughlin/Bullhead International Airport. Because of its location and with the right operator LaPlaza could become the crown jewel in Bullhead city and once established with high end guests, it can become the final destination to many.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$173 USD /SF

# OF ROOMS

68

PRICE/ROOM

$60,294 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Plaza Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1984

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

-

APN/PARCEL ID

214-24-037A

ASK ABOUT THIS PROPERTY

Naser LongLong Residential RentalsMore Info
714-707-8134

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Naser LongLong Residential RentalsMore Info
714-707-8134

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