Courtesy: Gentry Real Estate
480-750-9910
Seller Carry offering on this totally renovated 15 unit motel with 2000 ft of flex commercial space up front. Projections for this mid-scale complex show a knowledgable owner operator should be able to grow the business to gross over $450k annually. The entire motel was taken down to the studs and completely redone in 2022. Everything is new, Electric new 400 amp SES main panel installed with underground feed. All new plumbing, new AC units to each room, spray foam insulation, new windows, new front dutch doors for each room, new Laundry room with 4 new full size stackable units and two new water heaters with new recirculation-pump.
DEVELOPEMENT OPPORTUNITY! This is a rare, 1.29 acre property located just off the Highway 260. The current property has a residential home that is being rented but is sold AS-IS. The property was approved for 26 apartment units and 50 parking spaces. Buyer would need to verify all plans and approvals with the town of Pinetop-Lakeside. Contact listing agent for more details.
