Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.
Browse More Listings in Land For Sale, Phoenix, AZ or Arizona
Las Ramadas Motel
3158 W Buckeye Road, Phoenix, AZ 85009
Last Verified 11/14/2009
Listing ID 15736695
1 Lot Available
Lot 1
$400,000
0.91 AC
Commercial/ Other (land)
Highlights
Commercial Zoning (C-3) in the City of Phoenix, Arizona- Motel Includes Diner, Ten Units, Two Garages and Manager Residence
- Area is Rapidly Improving Due to Growth of Goodyear Business Corridor
- Property has Motel Permits with the City of Phoenix Transfers with Title
- PRICE REDUCED - Low Down Payment - Seller Will Carry Note
Description
PRICE JUST REDUCED TO $400K!! FINANCING AVAILABLE!! The property currently has a 1950s motel, which is fully functional if the buyer would like to operate the property as a business. The motel may qualify for historic designation due to its location along the historic Buckeye Highway route. The property consists of five buildings, of which four are related to the motel, and one is a residential home. All buildings are fully functional, but they require various levels of improvement.
The subject property is located on the north side of Buckeye Road, which is a major east-west arterial in Phoenix. With the addition of the second NASCAR race at Phoenix International Raceway and the rapid development of the area surrounding this property, there should be steady growth and increase in traffic in front of this property.
Map of 3158 W Buckeye Road, Phoenix, AZ 85009 (Maricopa County)
Created 5/30/2008
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.