$2,450,000
Williams, AZ 86046
MLS# 192719
Status: Closed
12438 sqft
1 / 15
Property Description
OWNER MAY CARRY! The Historic Grand Canyon Hotel in the heart of Downtown Williams is For Sale! Built-in 1891 it holds the title of the oldest Hotel in AZ and is located at the gateway to the Grand Canyon. She boosts 26 hotel rooms. Each room is themed and individually decorated. 3 retail spaces with street fronts provide excellent annual incomes. This grand hotel is within walking distance of many fine restaurants and shops. Just down the road are Bearazona and the Grand Canyon Railway. Its location is perfect. A 2021 Phase I is on file. The Hotel enjoys a beer and wine license. Parking is free. 2005 remodel included a 600 amp electrical service, new sewer lines, pex plumbing, and electrical and room renovations. This seasonal hotel is generally open from April - October.
Details
Contract Info
List Price/SqFt: 273.35
Property Sub-Type: Commercial Mix Use
Status: Closed
Listing Agreement Date: 2023-04-06
Sold Price: $2,450,000
Current Price: $2,450,000
Location, Tax & Legal
Region: 90 - Williams Area
APN: 20108014
Cross Street: 2nd
Legal Description: Coconino County Assessor Parcel Numbers:
201-08-014
Zoned: HP
Taxes: 9533.72
Tax Year: 2023
County: Coconino
Area: 910 - Williams City
Street #: 145
Direction: W
Street Name: Rte 66
City/Town Code: Williams
State/Province: AZ
Zip Code: 86046
Geo Lat: 35.250256
Geo Lon: -112.188108
Location
Corner Lot: 1
Downtown: 1
Freestanding: 1
General Property Description
Year Built: 1891
Acres: 0.31
Approx SqFt: 12438
Key Words
Sale/Rent: Sale
Net Op Inc: $100,000 - 499,999
Cap Rate: 1 - 7.9%
Down Payment: $150,000+
Imprv Sz (Gross SF): 12,000 - 19,999
#Tenants/Units: 20 - 49
Land Size: 0 - .4 AC
Trade/Exchange: Not Applicable
Remarks & Misc
Directions: Downtown Williams on the corner of Old Route 66 and Grand Canyon Blvd.
Status Change Info
Sold Price/SqFt: 196.97
Financing: Owner Carry 1st
Sold Date: 2023-12-07
Sold Price: $2,450,000
Inc/Exp (Annual)
Grs Op Inc $: 279647
- Op Exp $: 211548
= Net Op Inc $: 168098
Sec Deps $: 8330
Seller Prop Disc St: 1
Exis Fee/Docs
Free & Clear: 1
To Show
CLO/KILO: 1
Possession
By Agreement: 1
Other: Owner Will Train
Terms of Sale
1031 Exchange: 1
Cash: 1
OMC w/Balloon: 1
Refinance: 1
Leases
1 Yr. +: 1
Util Pd by Tenant
Cable TV: 1
Electricity: 1
Janitorial: 1
Nat. Gas: 1
Trash Collect: 1
Water/Sewer: 1
General Land Info
Land Fee: 1
Interior Amenities
Basement: 1
Display Window: 1
Duo-Pane Win.: 1
Floor Drains: 1
Laundry: 1
Living Qtrs.: 1
Shop: 1
Docs on File
Aerial Photo: 1
Easements: 1
Flood Zone Info.: 1
Leases: 1
Legal Descrip.: 1
Security Deposits: 1
Topo Map: 1
Exterior Amenities
Storage: 1
Flood Zone
None: 1
Lot Street Imprvmnts
Alley: 1
Curbs: 1
Sidewalks: 1
Unpaved Parking: 1
Utilities
(3 Phase): 1
Electric: 1
Natural Gas: 1
Sewer: 1
Telephone: 1
TV Cable: 1
Occupancy
Partially Leased: 1
Heating
Electric: 1
Natural Gas: 1
Space Heater: 1
Cooling
Electric: 1
Gas: 1
Individual A/C Units: 1
Management
Owner: 1
Construction
Stucco: 1
Two Story: 1
Frame: 1
Wired to Code: 1
Roof
Other: Torch Down/Hot Mop
Freeway Turn Time
1-4 Min: 1
Property Features
To Show: CLO/KILO
Terms of Sale: 1031 Exchange; Cash; OMC w/Balloon; Refinance
Leases: 1 Yr. +
Util Pd by Tenant: Cable TV; Electricity; Janitorial; Nat. Gas; Trash Collect; Water/Sewer
General Land Info: Land Fee
Docs on File: Aerial Photo; Easements; Flood Zone Info.; Leases; Legal Descrip.; Security Deposits; Topo Map
Flood Zone: None
Interior Amenities: Basement; Display Window; Duo-Pane Win.; Floor Drains; Laundry; Living Qtrs.; Shop
Exterior Amenities: Storage
Occupancy: Partially Leased
Management: Owner
Construction: Two Story; Frame; Stucco; Wired to Code
Heating: Electric; Natural Gas; Space Heater
Cooling: Electric; Gas; Individual A/C Units
Utilities: (3 Phase); Electric; Natural Gas; Sewer; Telephone; TV Cable
Lot Street Imprvmnts: Alley; Curbs; Sidewalks; Unpaved Parking
Location: Corner Lot; Downtown; Freestanding
Freeway Turn Time: 1-4 Min
Possession: By Agreement
IDX
Listing Office: Linton Real Estate
Last Updated: September - 06 - 2024
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