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409 S Montezuma Street, Prescott, AZ 86303

$2,160,000
Property Type: Commercial/Indstrial Baths: 12 Square Footage: 6,229 Lot Size (sq. ft.): 14,810 Status: Closed
Current Price: $2,160,000 List Date: 5/31/2023 Last Modified: 12/11/2023

Description

Introducing the Gordon James boutique lodge, nestled in Downtown Prescott. This investment opportunity offers prime location and top-tier amenities, making it the most sought-after lodging option. The lodge is conveniently situated near the historic Courthouse Plaza, allowing guests to explore on foot. With twelve accommodations, including one two-bedroom unit and a stylish studio, each unit is equipped with a full kitchen, and spacious living areas. The lodge caters to nightly and extended stay guests, accommodating different business models. Imprint your own vision and style on this boutique lodge. This renovated gem in Prescott's hospitality market offers an attractive asset. Capitalize on the demand for upscale accommodations and secure your place in the future of luxury lodging today.

Supplements: upscale accommodations and secure your place in the future of luxury lodging today.

More Information MLS# 1056543

Contract/Address/Legal

Original List Price: 2450000 Listing Date: 2023-05-31 Status: Closed Listing Price: 2299000 List Price/SqFt: 369 Street #: 409 Direction: S Street Name: Montezuma St Suffix: Street City/Township: Prescott State: AZ Zip Code: 86303 Subdivision: None Neighborhood: N/A County: Yavapai Comm Type: Hotel/Motel Zoning: BR Tax Parcel: 109-03-081 Assessor's Book #: 109 Assessor's Map #: 3 Assessor's Parcel #: 81 REO/Short Sale: Not Applicable Legal: LOTS 4 6 BLOCK 32 PRESCOTT BOOK 4 PAGE 22

General Property Description

Lot Size: 14787 Aprx Acres: 0.34 Buildings: 2 Total Liveable SqFt: 6229 Source of Measuremnt: County Assessor Stories: 1 Parking Spaces: 12 Year Built: 1950 Baths - Full: 12 Date Available: 2023-06-01 Total Bathrooms: 12

Tax Info

Taxes: 3947 Tax Year: 2022

Remarks & Misc

Directions: From the downtwon courthouse, go approx 2 blocks South on Montezuma to the property on the Left.

Office/Member Info

Listing Exclusions: No Compensation: 2.25 Compensation Type: %

Status Change Info

Under Contract Date: 2023-11-30 Sold Date: 2023-12-11 Sold Price: $2,160,000 Sold Price/SqFt: 347 Financing: Cash

Property Features

Bathrooms: Interior; Staff Building Type: 5+ Units; Motel/Hotel Business Location: Freestanding Bldg Commercial Amenities: Ceiling Ht. Under 12 Construction: Frame - Wood; Stucco Cooling: Heat Pump External Amenities: Fence; Paved Parking Flooring: Carpet; Vinyl; Wood Heating: Electric; Heat Pump Internal Amenities: Bathroom; Ceiling Fan(s); Fire/Smoke Detector; Kitchen Parking: On-Site Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Asphalt Shingle Terms & Conditions: 1031 Exchange; Conventional Utilities Installed: Electricity; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: eXp Realty- Prescott
Last Updated: December - 11 - 2023

The listing broker’s offer of compensation is the dollar amount or percentage of sale price the listing broker offers to pay a broker who (a) participates in the multiple listing service where the listing broker filed the listing and (b) procures the buyer for a successful transaction.

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