2510 W Greenway Rd - Hospitality FOR SALE


Phoenix, AZ 85023- Deer Valley
$14,500,000 USD
480-766-6014
2510 W Greenway Rd, Phoenix, AZ for Sale
$14,500,000 USD
Hospitality - FOR SALE
1/30
null | Request Cap Rate

2510 W Greenway Rd
Phoenix, AZ 85023
Deer Valley


HIGHLIGHTS

  • Prime location off Interstate 17 in the top 5 most populated cities in the U.S.
  • Surrounded by multi-family apartments & senior living
  • Priced well below replacement cost
  • Upside potential to offer all on-site full-service amenities
  • New roof, exterior paint, and guest room mattresses

OVERVIEW

NewGen Advisory is pleased to offer the 146 room La Quinta Phoenix North to qualified investors with a vision to maximize the uses of the property. This hotel presents a compelling investment opportunity in the vibrant city of Phoenix, Arizona. There are a range of amenities such as a breakfast area, commercial kitchen, meeting space, two outdoor pools with bar, fitness center, and two tennis courts which caters to both leisure and business travelers. With its strategic location in the northern part of Phoenix, guests have easy access to major highways and nearby attractions such as Castles N’ Coasters and Six Flags Hurricane Harbor. The Phoenix metropolitan area, also known as “The Valley”, is located in Maricopa county which is nearly the size of New Hampshire. The population is over 4.4 million people and continues growing every year making Phoenix one of the top 10 largest cities in the United States. The Phoenix area consists of more than 20 cities that are accessible by Interstate 10, Interstate 17, US Route 60, Loop 101, 202, and 303. Phoenix plays an important role in the economy of the Southwestern region of the country. Some of the largest companies headquartered in Phoenix are Banner Health, PetSmart, US Airways, and ON Semiconductor. Intel is a prominent company that has been in Phoenix for over three decades. March of 2021 Intel announced a $20 billion expansion of their Chandler factory to manufacture microchips. In 2019 the tourism industry of Phoenix brought in over $3 billion in revenue across 19 million visitors. The average stay at one of the valley hotels was three nights. The most popular activities for tourists were retail shopping, dining, and hiking. Phoenix is known to have some of the best golf courses in the country due to the weather in the spring and falls months. Golfers have an opportunity to play at one of the 170 courses in the area. In the summer months people can enjoy one of the seven lakes that are just under 100 miles from downtown Phoenix.

FOR SALE DETAILS

PRICE

$14,500,000 USD

PRICE/SF

$176 USD /SF

# OF ROOMS

146

PRICE/ROOM

$99,315 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn by Wyndham Phoenix North

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1979

PARKING SPACES

244

LAND DETAILS

LAND ACRES

5.17 AC

LAND SF

225,205 SF

ZONING

C-1

APN/PARCEL ID

208-14-001R

ASK ABOUT THIS PROPERTY

Kishan GohelNewGen AdvisoryMore Info
480-766-6014

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Kishan GohelNewGen AdvisoryMore Info
480-766-6014

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