Asking Price: NO LONGER AVAILABLE Gross Room Revenue:2003
- $120,000
2002
- $108,000
Occupancy Rate:2003
- 50%
2002
- 50%
Type of Property:
motel
Year built:
1953
Financing:
cash; loan assumption possible
# of rooms:
32 rooms
# of floors:
1
Restaurant:
no
Lounge:
no
Pool:
none
Where property is located:
city limits
Name of city:
not available
Population:
5,001 - 10,000
Comments:
32 units, including 16 kitchenette units. On historic Route 66, close to
downtown and just off of the I-40 freeway. Steady monthly gross income of
around $10,000. Extensive renovations have recently been carried out. Close
to nearby scenic attractions (ie: Painted Desert, Petrified Forest, Meteor
Crater, etc...), 50 miles from Flagstaff, and 100 miles from the Grand Canyon.
To increase traffic, the current owners have added a freeway sign, local
advertising, and a dedicated website with online reservations.
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