5743-5757 W Glendale Ave
Glendale, AZ 85301
Retail Property For Sale

This unique one of a kind property has enormous potential for any investor or operator. It is registered as a Glendale historical property, built in 1926 and converted in 1989 to it’s current use as a 10 room boutique hotel B & B . In 2005 and again in 2011 this two story building was remodeled and upgraded to include an elevator, innkeeper room, commercial laundry room, fire sprinkler system, upgraded plumbing, electrical and air conditioning systems. There are six suites upstairs, four rooms (two ADA) plus the innkeeper room downstairs all with their own bathrooms, four additional general use bathrooms, a huge main hall with high stamped tin ceilings, stage area, kitchen, plus full alcohol bar. The property has two additional rental units, one currently rented at $1,600 (skin care business) and another currently offered at $1,500 per Month (a speakeasy wine and beer bar). There is an upstairs patio plus a huge rear brick floored patio with fountain. The opportunities are endless whether an investor wants to run and operate the current highly rated B & B (4.5/5 Trip Advisor, 4.6/5 Hotels.com, 9.5/10 Booking.com), or lease it for additional income while collecting rent from the two rental units. Located in the Downtown historical area on Glendale Ave, across the street from the City Hall and Murphy Park, a short drive to all four stadiums, 20 minutes from Phoenix Airport, and the gateway to the Grand Canyon South Rim, this property has the potential to be anything with the right vision. An investor may desire to convert it into individual business suites, a restaurant etc...the possibilities are endless. This property is currently for sale for $1,950,000 and includes two parcels plus two business rentals. Real Estate - 2 Buildings (146-01-043A / 146-01-042A, Glendale) Building SF - 12,473 SF (includes hotel + 2 adjacent rental properties) Combined Asking Price - $2,245,000 (includes real estate and hotel/restaurant business) Two leases with $3,100 monthly income from building tenants