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La Plaza Motel 1978 Highway 95 68 Room Hotel Bullhead City, AZ 86442 $4,100,000 ($60,294/Room)
Investment Highlights
- 68 unit residency with frontage to Hwy 95 with 27,000 vehicles passing daily according to ADOT
- 5 miles from Laughlin Intl Airport
- Abundant parking space to accommodate guests
- Nearby recreational activities include the Colorado River, Davis Dam, Lake Mead, and Katherine Landing at Lake Mohave Marina.
- Small restaurant permit obtainable in additional space on second floor with view or other creative use available.
- Walking distance for daily guest needs such as grocery shopping.
Executive Summary
This property has been vacant for over 10 years. Currently we have spent over 200K on exteriors and replaced the entire roof. Motel has 68 rooms where 8 rooms has small kitchen, managers 1 BDR and office plus 2 big room for entertainment or restaurant. Because its vacancy over a long time, it needs a COMPLETE rehab for occupancy. It is offered at NNN leasing over a long period. The approximate cost of rehab is close to 1M to bring it up to Motel 6 level. We are open to a purchase as well and can carry the loan with min 30% down. Once motel is open, there is no need for any advertisement because over 50,000 vehicles pass by daily in front of the motel since it is frontage to HWY 95 and couple of miles away from Laughlin Nevada casinos plus being in heart of the downtown and walking distance to grocery stores and various restaurants.
Property Facts
| Price | $4,100,000 | Building Size | 23,755 SF |
| Price Per Room | $60,294 | No. Rooms | 68 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1984 |
| Property Subtype | Hotel | Parking Ratio | 4.21/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.37 AC |
| Price | $4,100,000 |
| Price Per Room | $60,294 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.37 AC |
| Building Size | 23,755 SF |
| No. Rooms | 68 |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 4.21/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 68 | $76.00 | - |
1 1
Property Taxes
| Parcel Number | 214-24-037A | Improvements Assessment | $53,279 |
| Land Assessment | $175,158 | Total Assessment | $228,437 |
Property Taxes
Parcel Number
214-24-037A
Land Assessment
$175,158
Improvements Assessment
$53,279
Total Assessment
$228,437
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La Plaza Motel | 1978 Highway 95
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