500 Copper Basin Rd - Hospitality FOR SALE


Prescott, AZ 86303
$1,649,000 USD
928-642-3032
500 Copper Basin Rd, Prescott, AZ for Sale
$1,649,000 USD
Hospitality - FOR SALE
1/14
null | 8.42% Cap Rate

500 Copper Basin Rd
Prescott, AZ 86303


OVERVIEW

Situated amidst the vibrant shops and dining establishments along Highway 89 and in Downtown Prescott, this delightful rental property is ideally positioned just a few blocks from the Prescott Courthouse. Previously known as the Pine View Motel, the new ownership has undertaken significant renovations, transforming it into a profitable venture. Spanning a total of 4,686 square feet, this accommodation features 15 units, comprising 2 suites and 13 studio rooms. These rooms are available for rental periods of 6 or 12 months and currently have a waiting list, resulting in little to no vacancies at the property. Additional revenue is generated from the laundry facilities and late payment fees. This is an excellent opportunity to invest in the Prescott Market with this profit producing piece.

FOR SALE DETAILS

PRICE

$1,649,000 USD

PRICE/SF

$375 USD /SF

# OF ROOMS

15

PRICE/ROOM

$109,933 {currency}

CAP RATE

8.42%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine View Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1954

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

BG

APN/PARCEL ID

109-09-078A

ASK ABOUT THIS PROPERTY

Abigail ChartierPrescott Commercial Real EstateMore Info
928-642-3032

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Abigail ChartierPrescott Commercial Real EstateMore Info
928-642-3032

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