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701 W Third St
Winslow, AZ 86047
Winslow Inn · Hospitality Property For Sale · 20,864 SF

INVESTMENT HIGHLIGHTS

  • DOWNTOWN, walks to college, hospital, restaurants, shops, transit system, across police station. good cashflow, low maintenance, up. No Debts.

PROPERTY FACTS

Property Type Hospitality
Property Subtype
Hotel
  • Hospitality Hotel
Building Class C
Lot Size 1.25 AC
Building Size 20,864 SF
No. Stories 2
Year Built/Renovated 1977/2019
Parking Ratio 2.87/1,000 SF
Corridor Exterior
Zoning MUNICIPAL - allowed use is broad (including Multi-family, theme park, business retail & professional office rentals, senior housing). Excludes: Industrial & Mobil

ABOUT 701 W THIRD ST , WINSLOW, AZ 86047

This property enjoys an even demand of rooms from locals and tourists – you can take as much business as you want. It has little competition in a way of size, location, and flexible rental arrangements. Owner has a lot of goodwill with tenants and had done room adjustments to accommodate some tenants (eg, change tubs to shower, adding handicap handles, etc). Some tenants have been there since property purchase 20 yrs ago). Location: Situated downtown, walks to restaurants and shops, a school (college) and 1 of 2 larger hospitals in the area. Grocery delivered. Enjoy an even temperate climate year round Close to iconic destinations (Grand Canyon, Meteor Crater, Painted Desert,etc) Good business traffic exposure - Sits on Historic route 66 (westbound on north entrance of the property, eastbound on south entrance). Services: Nearby (1-15 minutes) restaurants (multi-cultural- American, Chinese, Tex-mex, etc); Have general supplies & grocery superstore(other towns do not ) – offers free delivery. Close to Rail Transit. Across a Police Station. Walks (3- 15 mins) to a local Community College and a major Hospital. City plans on improvements/expansion. Zoning: c-66, municipal allowed use is broad (including Multi-family, theme park, business retail & professional office rentals, senior housing). Excludes: Industrial & Mobile Home Park Call the City of Winslow for further information and for any City Plans for immediate city developments & improvements. Note: property already has very long-term tenants for 20 years Size: Estimated 1.25 acres, 3 buildings, 1 roof. 64 rooms, 40 in operation, (24 available for immediate use – just move stored items out, refresh and furnish rooms) – owner scaled down & retiring – property owned for 20 yrs! Most rooms are 1 bed 1 ba and same size, except for a few 2beds/1ba. Some rooms can be joined to make 2 beds 2 baths. There is a separate rented 1 bed/1ba apartment on bldg3, 2nd floor. Microwave and Refrigerator furnished in most rooms. Property Condition: Yr Built: 1977 Well Maintained with recent updates New security system (2018) New Shower installed on apartment (2019) Own entertainment system (DirecTV) – free to tenants, 32 channels changeable to cater to tenant’s needs Parking: 1:1 (64 rooms, 64 parking space, with a lot of extra spaces left for retail/biz tenant for immediate occupancy)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
103-16-426A
Land Assessment
$40,113
Improvements Assessment
$0
Total Assessment
$40,113
  • Listing ID: 18497893

  • Date on Market: 2/12/2020

  • Last Updated:

  • Address: 701 W Third St, Winslow, AZ 86047

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