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Successful Motel in Wickenburg-Seller Carry 573 W Wickenburg Way

14 Room Hotel Wickenburg, AZ 85390 $2,395,000 ($171,071/Room) 7.85% Cap Rate

Investment Highlights

  • 14 Keys - Large Lot
  • Almost always full
  • Seller Carry Possible 5.5% Interest

Executive Summary

**Investment Opportunity: The Log Wagon Inn - Prime Real Estate in Wickenburg, AZ**
Seller Carry Possible with 30% down and the Seller will carry for 5 years at 5.5% interest only payments.
Here is an interesting fact. In 2010 the main building burned and was totally rebuilt. This is the building that holds 12 rooms.
SELLER CARRY POSSIBLE AND THE OWNER IS TRAINING A MANAGER THAT IS NOT REQUIRED BUT ABLE TO STAY ON AFTER SALE
Welcome to The Log Wagon Inn, an extraordinary investment opportunity situated in the heart of Wickenburg, Arizona. With its consistently high occupancy rate and impeccable upkeep, this motel presents a lucrative chance for savvy real estate investors.
Boasting 14 keys, The Log Wagon Inn stands as a testament to quality and resilience. Despite facing adversity in 2021 with the loss of one building to fire, the property has been completely rebuilt from the ground up, featuring brand-new electrical systems, roofing, and plumbing. This substantial investment ensures that the property is not only restored but positioned for long-term success.
One of the key attractions of The Log Wagon Inn is its remarkable occupancy rate, which remains close to 100% throughout the year. This high demand for accommodations is driven by Wickenburg's robust local economy, characterized by a strong employment rate. As a result, the weekly rental option offered by The Log Wagon Inn is in high demand, providing a steady stream of income for investors.
Strategically located near Old Town Wickenburg, The Log Wagon Inn benefits from its proximity to popular attractions and amenities, enhancing its appeal to guests. With the town's rich history, vibrant culture, and thriving commercial scene just steps away, visitors are drawn to the convenience and charm of this location.
Investing in The Log Wagon Inn offers more than just financial returns; it provides an opportunity to be part of a community-driven venture. With its reputation for exceptional service and guest satisfaction, this property has established itself as a beloved destination for travelers seeking comfort and convenience.
Don't miss out on this rare chance to acquire a turnkey investment property in Wickenburg's hospitality sector. The Log Wagon Inn promises not only immediate returns but also the potential for long-term growth and success. Contact us today to learn more about how you can become a part of this thriving venture.
?? **Discover Wickenburg: Where Heritage Meets Innovation** ??
Nestled in the heart of Arizona's picturesque desert landscape lies Wickenburg, a town with a vibrant past and an exciting future. Renowned as the "Team Roping Capital of the World," Wickenburg boasts a rich Western heritage that permeates every aspect of life here. But there's so much more to this gem of the Southwest than its cowboy roots.
**Thriving Employment Base:**
Wickenburg isn't just about rodeos and cowboy hats—it's also a bustling hub of economic activity. The town's diverse employment base caters to various industries, providing opportunities for professionals from all walks of life. With the prestigious title of the "Team Roping Capital of the World," Wickenburg hosts numerous events and attracts enthusiasts from far and wide, contributing to a vibrant tourism sector.
**Mining Heritage:**
Explore the town's history and you'll discover its deep ties to mining. Wickenburg's rich veins of gold and silver have shaped its identity and provided a steady source of economic prosperity for generations. Today, the echoes of this legacy can still be felt, offering a fascinating glimpse into the town's past while laying the groundwork for future development.
**New Frontiers:**
Wickenburg is on the cusp of a new era of innovation with the upcoming construction of a state-of-the-art chip manufacturing plant. This groundbreaking initiative promises to bring high-tech jobs and investment to the area, positioning Wickenburg as a key player in the technology sector and diversifying its economic landscape.
**Infrastructure Development:**
As Wickenburg continues to grow and evolve, so too does its infrastructure. The expansion of the highway network is enhancing connectivity and accessibility, making it easier than ever to travel to and from this dynamic town. These improvements not only benefit residents and businesses but also pave the way for increased commerce and tourism.
**Natural Wonders:**
Beyond the town limits, Wickenburg is surrounded by breathtaking natural beauty, including the nearby Lake Pleasant area. Whether you're a nature enthusiast, an outdoor adventurer, or simply seeking tranquility amidst stunning surroundings, Wickenburg offers a gateway to unforgettable experiences in the great outdoors.
**Experience Wickenburg:**
Come experience the magic of Wickenburg, where the spirit of the Old West mingles with the promise of tomorrow. Whether you're drawn by its rich heritage, its economic opportunities, or its natural wonders, Wickenburg welcomes you with open arms. Discover why this charming town is not just a destination but a way of life.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,395,000
Price Per Room $171,071
Sale Type Investment
Cap Rate 7.85%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.47 AC
Building Size 4,374 SF
No. Rooms 14
No. Stories 1
Year Built/Renovated 1942/2018
Parking Ratio 4.8/1,000 SF
Corridor Exterior
Opportunity Zone Yes

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 14 $80.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
505-30-088
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$45,536 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code C-3, Wickenburg
C-3, Wickenburg
  • Listing ID: 31467645

  • Date on Market: 4/10/2024

  • Last Updated:

  • Address: 573 W Wickenburg Way, Wickenburg, AZ 85390

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