520-664-4091
4021 N 27th Ave, Phoenix, AZ for Sale
Hospitality - FOR SALE
1/64
null | Request Cap Rate

4021 N 27th Ave
Phoenix, AZ 85017


HIGHLIGHTS

  • 95 Room Independent Hotel Unencumbered by a Franchise or Management
  • Multiple Franchise Opportunities Available
  • Absentee Managed with Significant Upside
  • Well Maintained Property with Minimal Deferred Maintenance
  • Zoned R-5 - Multi-Family Use Permitted
  • Phoenix Population: 1.6M | 5th most populated US State

OVERVIEW

NewGen Advisory is proud to present for sale, the fee simple interest of the 95-room independent Travel Inn located in Phoenix, Arizona. The hotel is situated in one of the highest growing RevPar markets in the entire state, with multiple rebrand options from top franchises. Additionally, multi-family investors have an opportunity to convert the hotel rooms to long term apartments with the existing R-5 zoning. The manager's apartment can be converted back to guest rooms adding 3 units to the room count. ?

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

98

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Travel Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1972

PARKING SPACES

113

LAND DETAILS

LAND ACRES

3.17 AC

LAND SF

137,898 SF

ZONING

R-5

APN/PARCEL ID

110-01-011E

ASK ABOUT THIS PROPERTY

Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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

Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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