$3,400,000
Williams, AZ 86046
MLS# 192719
Status: Closed
12438 sqft
1 / 15
Property Description
OWNER MAY CARRY! The Historic Grand Canyon Hotel in the heart of Downtown Williams is For Sale! Built-in 1891 it holds the title of the oldest Hotel in AZ and is located at the gateway to the Grand Canyon. She boosts 26 hotel rooms. Each room is themed and individually decorated. 3 retail spaces with street fronts provide excellent annual incomes. This grand hotel is within walking distance of many fine restaurants and shops. Just down the road are Bearazona and the Grand Canyon Railway. Its location is perfect. A 2021 Phase I is on file. The Hotel enjoys a beer and wine license. Parking is free. 2005 remodel included a 600 amp electrical service, new sewer lines, pex plumbing, and electrical and room renovations. This seasonal hotel is generally open from April - October.
Details
Maps
Contract Info
Status: Closed
Listing Agreement Date: 2023-04-06
Sold Price: $2,450,000
Current Price: $2,450,000
List Price/SqFt: 273.35
Property Sub-Type: Commercial Mix Use
Location Tax Legal
County: Coconino
Area: 910 - Williams City
Street #: 145
Direction: W
Street Name: Rte 66
City/Town Code: Williams
State/Province: AZ
Zip Code: 86046
Geo Lat: 35.250256
Geo Lon: -112.188108
Key Words
Sale/Rent: Sale
Net Op Inc: $100,000 - 499,999
Cap Rate: 1 - 7.9%
Down Payment: $150,000+
Imprv Sz (Gross SF): 12,000 - 19,999
#Tenants/Units: 20 - 49
Land Size: 0 - .4 AC
Trade/Exchange: Not Applicable
General Property Description
Acres: 0.31
Year Built: 1891
Approx SqFt: 12438
Status Change Info
Sold Date: 2023-12-07
Sold Price: $2,450,000
Sold Price/SqFt: 196.97
Financing: Owner Carry 1st
Roof
Other: Torch Down/Hot Mop
Possession
Other: Owner Will Train
Property Features
To Show: CLO/KILO
Terms of Sale: 1031 Exchange; Cash; OMC w/Balloon; Refinance
Leases: 1 Yr. +
Util Pd by Tenant: Cable TV; Electricity; Janitorial; Nat. Gas; Trash Collect; Water/Sewer
General Land Info: Land Fee
Docs on File: Aerial Photo; Easements; Flood Zone Info.; Leases; Legal Descrip.; Security Deposits; Topo Map
Flood Zone: None
Interior Amenities: Basement; Display Window; Duo-Pane Win.; Floor Drains; Laundry; Living Qtrs.; Shop
Exterior Amenities: Storage
Occupancy: Partially Leased
Management: Owner
Construction: Two Story; Frame; Stucco; Wired to Code
Heating: Electric; Natural Gas; Space Heater
Cooling: Electric; Gas; Individual A/C Units
Utilities: (3 Phase); Electric; Natural Gas; Sewer; Telephone; TV Cable
Lot Street Imprvmnts: Alley; Curbs; Sidewalks; Unpaved Parking
Location: Corner Lot; Downtown; Freestanding
Freeway Turn Time: 1-4 Min
Possession: By Agreement
Listing Office: Linton Real Estate
Last Updated: September - 06 - 2024
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