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1624 N Black Canyon Hwy
Phoenix, AZ 85009
Knights Inn Phoenix at N Black Canyon Hwy · Hospitality Property For Sale
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27,095 SF
Investment Highlights
- Absentee Owner and Manager Property Ideal for Owner Operator
- Under 50% replacement cost at $63K per key
- 49.3% Midscale RevPAR Index and 68.9% Economy RevPAR Index providing opportunity for hands on investors
- Low Cost Transfer of Ownership PIP at $7,500 Per Key
- Close proximity to some of the highest trafficked locations in Phoenix
- No additional rooms scheduled for this market with a 6.8% increase of demand in 2024
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1976/2012 |
| Building Class | C | Parking Ratio | 2.88/1,000 SF |
| Lot Size | 2.04 AC | Corridor | Exterior |
| Building Size | 27,095 SF | ||
| Zoning | A-1, Phoenix | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.04 AC |
| Building Size | 27,095 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2012 |
| Parking Ratio | 2.88/1,000 SF |
| Corridor | Exterior |
| Zoning | A-1, Phoenix |
Amenities
- Business Center
- Pool
Property Taxes
| Parcel Number | 110-58-003F | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $251,433 |
Property Taxes
Parcel Number
110-58-003F
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$251,433
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