612 W Hopi Dr - Hospitality FOR SALE


Holbrook, AZ 86025
$599,000 USD
770-415-9940
612 W Hopi Dr, Holbrook, AZ for Sale
$599,000 USD
Hospitality - FOR SALE
1/9
null | Request Cap Rate

612 W Hopi Dr
Holbrook, AZ 86025


HIGHLIGHTS

  • Huge opportunity to brand the property with a franchise and receive an upfront incentive to renovate the rooms!
  • Independent brand! No need to pay franchise royalties!
  • Operating partner lives onsite and does not have any payroll! Buyer can purchase an income-generating commercial property for the price of a house!

OVERVIEW

Price Reduced! Asking Price is only $599,000 Yearly sales are over $100,000! Independent brand! No need to pay franchise royalties! Operating partner lives onsite and does not have any payroll! Buyer can purchase an income-generating commercial property for the price of a house! Net profit is over $70,000 per year AFTER paying all other expenses! Business has only rented to long-term tenants for several years. New Buyer could easily convert back to a motel with daily rates! Average Rate (AR): $50 Rentable Rooms: 35 (Additional 5 rooms that can be renovated and become rentable! Asking Only $19,000 Per Key! Store Information: Building is 11,360 SF! Huge opportunity to brand the property with a franchise and receive an upfront incentive to renovate the rooms! Geographic & Demographic Details: Average traffic count of 4,805 vehicles passing by the Motel each day! Huge opportunity to offer long-term rates and capture additional customers! Median Household Income is $49K! Population is increasing by 2.5% Nearby restaurants like Romo's Restaurant, A&W Restaurant, Little Caesars Pizza, Mr Maestas, Wayside Soda Shop, El Rancho Restaurant & Motel, and Bienvenidos Restaurant. Higher education institutions in the area include Northland Pioneer College serving over 2,700 students and faculties. Close proximity to Greenwood Apartments, Coronado II Apartments, Holbrook Court Apartments, and VSUSA. 3 hours from Phoenix, AZ and Albuquerque, NM! 1h 30 min from Flagstaff, AZ! Asking Price for the Business and Property: $599,000. If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$53 USD /SF

# OF ROOMS

35

PRICE/ROOM

$17,114 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Independent Motel with Property

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,306 SF

ZONING

-

APN/PARCEL ID

109-02-111

ASK ABOUT THIS PROPERTY

Kavita PurohitRiver BrokersMore Info
770-415-9940

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Kavita PurohitRiver BrokersMore Info
770-415-9940

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