858 E White Mountain Blvd - Hospitality FOR SALE


Pinetop, AZ 85935
$2,300,000 USD
480-381-4777
858 E White Mountain Blvd, Pinetop, AZ for Sale
$2,300,000 USD
Hospitality - FOR SALE
1/7
null | 6.09% Cap Rate

858 E White Mountain Blvd
Pinetop, AZ 85935


HIGHLIGHTS

  • Perfectly updated
  • Located off of the main drag in the heart of Pinetop
  • Immaculate kitchen/lounge space that isn't currently being utilized

OVERVIEW

Perched triumphantly among the fresh foliage of Arizona's majestic White Mountains lies a unique opportunity for any savvy business owner and/or operator. Little Pine is a 15-unit lodging facility that has been fully updated with modern rustic touches throughout. Its stunning features combine with an ideal location to create a highly desirable, profitable property that's well-maintained and completely ready to rock. In addition to the sharply adorned 15 units, there is also a gourmet kitchen area that could potentially be used for a number of lucrative endeavors. Tenants have access to a fully equipped on-site laundry room for a monthly fee and parking spaces are ample. Do not miss out on this rare chance to own a remarkable property in one of AZ's most sought after locations! ADDITIONAL INFO: Property contains 2000 SqFt of flex commercial space up front. Projections for this mid-scale complex show a knowledgable owner operator should be able to grow the business to gross over $450k annually. The entire motel was taken down to the studs and completely redone in 2022. Everything is new, Electric new 400 amp SES main panel installed with underground feed. All new plumbing, new AC units to each room, spray foam insulation, new windows, new front dutch doors for each room, new Laundry room with 4 new full size stackable units and two new water heaters with new recirculation-pump.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$363 USD /SF

# OF ROOMS

15

PRICE/ROOM

$153,333 {currency}

CAP RATE

6.09%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little Pine Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1976

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,558 SF

ZONING

C-1/MUNICIPAL

APN/PARCEL ID

311-29-026F

ASK ABOUT THIS PROPERTY

Casey ThompsonElevate Real EstateMore Info
480-381-4777

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Casey ThompsonElevate Real EstateMore Info
480-381-4777

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