3460 E Fry Blvd - Hospitality FOR SALE


Sierra Vista, AZ 85635
$2,900,000 USD
520-664-4091
3460 E Fry Blvd, Sierra Vista, AZ for Sale
$2,900,000 USD
Hospitality - FOR SALE
1/13
null | 10.3% Cap Rate

3460 E Fry Blvd
Sierra Vista, AZ 85635


HIGHLIGHTS

  • 40 units, two-story, exterior corridor
  • Absentee managed - Offering opportunity to increase revenue and decrease expenses
  • Upside to increase revenues with numerous brand options available with great incentives
  • Large managers apartment on site
  • Financing available for qualified buyers via SBA or conventional loan
  • Motivated seller bring all offers

OVERVIEW

Jigar "Jay" Desai of NewGen Advisory is proud to present for sale the Sierra Inn located in Sierra Vista. This 40-room, independently operated economy hotel offers a compelling opportunity for investors seeking a turnkey asset in a growing market. Situated on a spacious 2.04 acre parcel along the main commercial corridor of E Fry Blvd, the Sierra Inn - Sierra Vista, AZ benefits from excellent visibility and accessibility in the southeast Arizona and Sierra Vista submarket. Built in 1995 and continuously operated since 1996, the 19,981 sq ft masonry-constructed building features exterior corridors, high-speed internet, a business center, pool, and ample surface parking. With its strong fundamentals and strategic location in a small metro area, the property presents a stable cash-flowing investment with upside through operational and branding improvements.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$145 USD /SF

# OF ROOMS

40

PRICE/ROOM

$72,500 {currency}

CAP RATE

10.3%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sierra Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1995

PARKING SPACES

70

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

88,775 SF

ZONING

GC

APN/PARCEL ID

105-05-142C

ASK ABOUT THIS PROPERTY

Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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