1978 Highway 95 - Hospitality FOR SALE


Bullhead City, AZ 86442
$4,100,000 USD
714-707-8134
1978 Highway 95, Bullhead City, AZ for Sale
$4,100,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

1978 Highway 95
Bullhead City, AZ 86442


HIGHLIGHTS

  • 68 unit residency with frontage to Hwy 95 with 27,000 vehicles passing daily according to ADOT
  • Nearby recreational activities include the Colorado River, Davis Dam, Lake Mead, and Katherine Landing at Lake Mohave Marina.
  • 5 miles from Laughlin Intl Airport
  • Small restaurant permit obtainable in additional space on second floor with view or other creative use available.
  • Abundant parking space to accommodate guests
  • Walking distance for daily guest needs such as grocery shopping.

OVERVIEW

This property has been vacant for over 10 years. Currently we have spent over 200K on exteriors and replaced the entire roof. Motel has 68 rooms where 8 rooms has small kitchen, managers 1 BDR and office plus 2 big room for entertainment or restaurant. Because its vacancy over a long time, it needs a COMPLETE rehab for occupancy. It is offered at NNN leasing over a long period. The approximate cost of rehab is close to 1M to bring it up to Motel 6 level. We are open to a purchase as well and can carry the loan with min 30% down. Once motel is open, there is no need for any advertisement because over 50,000 vehicles pass by daily in front of the motel since it is frontage to HWY 95 and couple of miles away from Laughlin Nevada casinos plus being in heart of the downtown and walking distance to grocery stores and various restaurants.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$173 USD /SF

# OF ROOMS

68

PRICE/ROOM

$60,294 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Plaza Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1984

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

-

APN/PARCEL ID

214-24-037A

ASK ABOUT THIS PROPERTY

Naser LongLong Residential RentalsMore Info
714-707-8134

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Naser LongLong Residential RentalsMore Info
714-707-8134

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