1624 N Black Canyon Hwy - Hospitality FOR SALE
Phoenix, AZ 85009 |
$6,000,000 USD
480-567-6853
1624 N Black Canyon Hwy
Phoenix, AZ 85009
HIGHLIGHTS
- Absentee Owner and Manager Property Ideal for Owner Operator
- Low Cost Transfer of Ownership PIP at $7,500 Per Key
- Under 50% replacement cost at $63K per key
- Close proximity to some of the highest trafficked locations in Phoenix
- 49.3% Midscale RevPAR Index and 68.9% Economy RevPAR Index providing opportunity for hands on investors
- No additional rooms scheduled for this market with a 6.8% increase of demand in 2024
OVERVIEW
Marcus & Millichap has been chosen to exclusively market for sale the Knights Inn Phoenix at N Black Canyon Hwy , this property is ideally located near the I-17 / I-10 Interchange, offering complimentary WiFi & Satellite TV, an outdoor pool and complimentary parking. The property is in close proximity to Grand Canyon University, the Arizona State Fairgrounds and Phoenix Sky Harbor Airport.
To view offering summary and due diligence please visit https://knightsinnphoenixatnblackcanyonhwy.sharplaunch.com/or contact Johnny Casler directly at (919) 606-2263 for more information.
FOR SALE DETAILS
PRICE
$6,000,000 USD
PRICE/SF
$221 USD /SF
# OF ROOMS
93
PRICE/ROOM
$64,516 {currency}
CAP RATE
Request Cap Rate
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Knights Inn Phoenix at N Black Canyon Hwy
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1976
PARKING SPACES
78
LAND DETAILS
LAND ACRES
2.04 AC
LAND SF
88,862 SF
ZONING
A-1, Phoenix
APN/PARCEL ID
110-58-003F
ASK ABOUT THIS PROPERTY
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480-567-6853
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480-567-6853
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