$3,750,000
Payson, AZ 85541
MLS# 86243
14892 sqft
1 / 39
Property Description
This 39 room motel is located at the entrance into the heart of Payson, Arizona's beautiful Rim Country. Refurbished and spacious rooms on this well cared for property with 1.58 acres of land. One bedroom apartment for owner/manager, positioned right on the Beeline Highway, the main thoroughfare through Payson. Ample parking and great potential for this fine property. All refurbished and remodeled inside and out is 2020-2021.
Details
Maps
Contract Information
Property Sub-Type: Motel/Hotel
List Price: $3,750,000
Current Price: $3,750,000
List Price/SqFt: 251.81
List Date: 2022-03-01
List Type: Exclusive ARS
Foreclosure: No
Sale/Lease: Sale
Location, Tax & Legal
Street #: 101
Direction: W
Street Name: PHOENIX
Suffix: Street
State: AZ
Zip Code: 85541
Area: Payson Southwest
Sub Code: Pine Ridge Add - PSW
County: Gila
Zoning: Commercial
Taxes: 16319
Tax Year: 2021
Assessor's Book #: 304
Lot #: 26
Assessor's Map #: 17
Assessor's Parcel #: 117
Assessor's Parcl Ltr: A
APN #: 304-17-117A
HOA: No
Legal Description: Legal Summary Section: POR TRACTS 27 & 28, PINE RIDGE ADDITION REPLATTED, PLAT 80, COMM AT SW SOR TRACT 27; TH S89D50'E, 108.0'; TH NELY ALG RIGHT CRV, 125.73' TO POB; TH CONT ALG RIGHT CRV,277.39'; TH S89D41'W, 284.34'; TH S45D43'W, 185.20'; TH SLY ALG LEFT CRV, 204.16'; TH N50D39'12'W, 101.28'; TH N89D41'W, 117.25' TO POB, EXC NORTH 4.0' = 1.58 AC
General Property Description
Acres: 1.58
Lot Dimensions: 310.08x288.3x224.12x399.83
Apx SqFt: 14892
Year Built: 1983
Land Size: 1.58
Building Size: 14892
# of Tenants: CLO
Vacancy %: 72
Remarks & Misc
Directions: SW Corner of Beeline Hwy and Phoenix
Status Change Info
Status: Active
Currently Not Used
Total Rooms: 39
Income/Sales Info
Net Operating Income: 100,000+
Cap Rate: CLO
Down Payment: CLO
Gross Sales: 472459
Improvements: CLO
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: No
Training
N/A - Other: negotiable
Property Features
Location: Downtown; Highway Front
Type/Style: Two Story
Garage/Carport: None
Lot/Street Improvem.: Curbs; Gutters; Sidewalks; Paved Parking; Blacktop Street
Construction: Wood Frame
Siding: Stucco
Roof: Asphalt/Comp Shingle
Property Features: None
Exterior Features: Landscaping; Handicap Access
Interior Features: Handicap Equipped; Vaulted Ceiling; Dual Pane Windows; Smoke Detectors; TVs Included
Floor Type: Slab
Floor Covering: Carpeting; Laminate; Tile
Cooling: Electric Refrig.
Heating: Wall Panel
Utilities Available: Electricity; Town of Payson Water; Sewer Hooked In; Telephone; Cable TV/Satellite; Internet Hook Up; Trash
Possession: At Close of Escrow
Tenant Pays: None
Owner May Sell/Terms: Cash; Conventional; OWC/OMC; Submit
Documents on File: Survey
Exist. Finance Fees: Free & Clear
Management: Owner/Family
Form of Ownership: Sole Proprietor; Partnership
Sale Price Includes: Business; Building; Land; Fixtures; Equipment; Inventory
Motel Includes: Land
Avg Room Rent/Night: 81 - 100
Occupancy: Owner Occupied
Listing Office: Berkshire Hathaway HomeServices Advantage Realty - PAYSON
Last Updated: June - 17 - 2022
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