Pine View Motel | 500 Copper Basin Rd
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Pine View Motel 500 Copper Basin Rd
15 Room Hotel Prescott, AZ 86303 $1,649,000 ($109,933/Room) 8.42% Cap Rate
Executive Summary
Situated amidst the vibrant shops and dining establishments along Highway 89 and in Downtown Prescott, this delightful rental property is ideally positioned just a few blocks from the Prescott Courthouse. Previously known as the Pine View Motel, the new ownership has undertaken significant renovations, transforming it into a profitable venture.
Spanning a total of 4,686 square feet, this accommodation features 15 units, comprising 2 suites and 13 studio rooms. These rooms are available for rental periods of 6 or 12 months and currently have a waiting list, resulting in little to no vacancies at the property. Additional revenue is generated from the laundry facilities and late payment fees. This is an excellent opportunity to invest in the Prescott Market with this profit producing piece.
Spanning a total of 4,686 square feet, this accommodation features 15 units, comprising 2 suites and 13 studio rooms. These rooms are available for rental periods of 6 or 12 months and currently have a waiting list, resulting in little to no vacancies at the property. Additional revenue is generated from the laundry facilities and late payment fees. This is an excellent opportunity to invest in the Prescott Market with this profit producing piece.
Property Facts
| Price | $1,649,000 | Lot Size | 0.45 AC |
| Price Per Room | $109,933 | Building Size | 4,392 SF |
| Sale Type | Investment | No. Rooms | 15 |
| Cap Rate | 8.42% | No. Stories | 2 |
| Sale Conditions | 1031 Exchange | Year Built | 1954 |
| Property Type | Hospitality | Parking Ratio | 4.55/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C |
| Price | $1,649,000 |
| Price Per Room | $109,933 |
| Sale Type | Investment |
| Cap Rate | 8.42% |
| Sale Conditions | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 4,392 SF |
| No. Rooms | 15 |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 4.55/1,000 SF |
| Corridor | Exterior |
Amenities
- Public Access Wifi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $119.00 | - |
| Guest Room | 13 | $74.00 | - |
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PROPERTY TAXES
| Parcel Number | 109-09-078A | Improvements Assessment | $395,982 |
| Land Assessment | $174,530 | Total Assessment | $570,512 |
PROPERTY TAXES
Parcel Number
109-09-078A
Land Assessment
$174,530
Improvements Assessment
$395,982
Total Assessment
$570,512
zoning
| Zoning Code | BG (Business General) |
| BG (Business General) |
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Pine View Motel | 500 Copper Basin Rd
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