101 W Phoenix St - Hospitality FOR SALE


Payson, AZ 85541
$2,500,000 USD
928-978-2469
101 W Phoenix St, Payson, AZ for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/40
null | Request Cap Rate

101 W Phoenix St
Payson, AZ 85541


HIGHLIGHTS

  • 39 refurbished guest rooms
  • 1.58-acre corner parcel 14,892± square feet
  • Owner/Manager one-bedroom apartment
  • 42 parking spaces
  • Renovations completed in 2020–2021
  • Spacious rooms with updated interiors

OVERVIEW

Hospitality Investment Opportunity – Payson, Arizona 39-Room Motel | 1.58 Acres | Prime Highway Frontage Take advantage of this exceptional opportunity to acquire a turnkey hospitality property in the heart of Arizona's scenic Rim Country. Located at 101 W. Phoenix Street, Payson, AZ, this well-maintained 39-room motel sits prominently at the entrance to downtown Payson on State Route 87 (Beeline Highway)—the primary route connecting the Phoenix metro area to Northern Arizona. The property benefits from excellent visibility, easy access, and year-round tourism. Property Highlights 39 refurbished guest rooms 1.58-acre corner parcel 14,892± square feet Owner/Manager one-bedroom apartment 42 parking spaces Major renovations completed in 2020–2021 Spacious rooms with updated interiors Excellent curb appeal and well-maintained grounds High-visibility Beeline Highway frontage Walking distance to Mazatzal Casino and just minutes from downtown Payson, restaurants, shopping, outdoor recreation, and the Tonto National Forest. Investment Potential Whether you're an experienced hospitality investor, owner-operator, or seeking to expand your lodging portfolio, this property offers an outstanding opportunity in one of Arizona's most popular mountain destinations. Payson enjoys strong seasonal tourism, outdoor recreation, special events, and serves as a gateway to the Mogollon Rim, creating consistent lodging demand throughout the year.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$147 USD /SF

# OF ROOMS

39

PRICE/ROOM

$64,103 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Knights Inn Payson

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1983

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

R3

APN/PARCEL ID

304-17-117A

ASK ABOUT THIS PROPERTY

Tori MartinezBerkshire Hathaway HomeServicesMore Info
928-978-2469

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Tori MartinezBerkshire Hathaway HomeServicesMore Info
928-978-2469

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