1551 E Fry Blvd - Hospitality FOR SALE


Sierra Vista, AZ 85635
$3,500,000 USD
480-567-6853
1551 E Fry Blvd, Sierra Vista, AZ for Sale
$3,500,000 USD
Hospitality - FOR SALE
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null | Request Cap Rate

1551 E Fry Blvd
Sierra Vista, AZ 85635


HIGHLIGHTS

  • In place 9.4% CAP Rate. Low Cost to Operate With All NOI Upside
  • Eight Suites Newly Added in 2024 Allowing for Monthly Rentals and Occupancy Increase
  • 66% Economy RevPAR Index providing opportunity for owner to improve revenue.
  • Supplemental revenue from lobby marketplace and guest coin laundry installed in 2024.
  • Rooms recently renovated with new TV’s, night stands, & desks in 2023. New lamps, microwaves, refrigerators, freezers, & desk chairs replaced in 2024
  • Extremely low price per key cost with zero transfer of ownership PIP required from buyer.

OVERVIEW

Marcus & Millichap has been chosen to exclusively market for sale the Knights Inn Sierra Vista, the recently renovated in 2024, offering complimentary coffee in the lobby, and WiFi and on-site guest laundry facilities, as well as an outdoor pool and grills. Each room is non smoking, with flat screen TVs, a microwave, fridge, and coffee & tea maker. The property is ideally located near plenty of attractions to visit like Fort Huachuca, Apache Peak, and is just North of the Mexican border and off Route 90, which also provides easy access to historic towns such as Tombstone and Bisbee, AZ. To view offering summary and due diligence please visit https://knightsinnsierravista.sharplaunch.com/ or contact Johnny Casler directly at (919) 606-2263 for more information.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$124 USD /SF

# OF ROOMS

101

PRICE/ROOM

$34,653 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Knights Inn Sierra Vista

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1976

PARKING SPACES

97

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

C

APN/PARCEL ID

106-75-007

ASK ABOUT THIS PROPERTY

Josh TammenMarcus & MillichapMore Info
480-567-6853

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Josh TammenMarcus & MillichapMore Info
480-567-6853

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