$1,000,000
$1,300,000
23.1%For more information regarding the value of a property, please contact us for a free consultation.
402 E ROUTE 66 Route Williams, AZ 86046
Key Details
Sold Price $1,000,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Taber Addition
MLS Listing ID 6643623
Sold Date 06/21/24
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1945
Annual Tax Amount $8,745
Tax Year 2023
Property Description
Exceptional Business Opportunity in the Heart of Williams!Unlock your potential as a business owner with this prime property featuring 5 Airbnb units, with the ability to expand to 8 units, and potentially even 9! Nestled on the bustling main drag in Williams, this building offers 2-bedroom units, each equipped with a full kitchen and washer/dryer—perfect for extended stays. Immerse yourself in the lively atmosphere of Williams, and enjoy the convenience of witnessing parades from the comfort of your own room. Designed for maximum comfort, each unit boasts full bathrooms, accommodating 6 to 8 people. The versatility of the space allows for creative conversions, with two units spacious enough to be easily split into two. Upstairs, a generous open space awaits transformation into additional rental space, presenting the prospect of a total of 9 lucrative units.
Capitalizing on the strategic location, renting each unit at $285.00 per night promises a substantial income. With the potential to achieve a 5% CAP rate, this investment opportunity is further bolstered by Williams' status as the Gateway to the Grand Canyon, drawing in 6 million visitors annually. Benefit from the town's proactive support for local businesses, as Williams thrives on catering to the tourism industry.
Join the vibrant community of Williams, where dreams are big, and opportunities are rare. Seize this chance to acquire a property in a town where real estate is seldom available. Act now and become a part of this dynamic, growing community, surrounded by new breweries, restaurants, and local shops tailored exclusively for the thriving tourism market. Don't miss out on this unique investment in the Gateway to the Grand Canyon!
Location
State AZ
County Coconino
Community Taber Addition
Zoning Commercial
Direction From I-40 use exit 65 turn south on Old Route 66, at Lewis Street turn left proceed one block south on Lewis street The building is right on the corner of Route 66 and Lewis Street.
Interior
Heating 2 or More Units, Electric, Natural Gas
Cooling None
Flooring Carpet, Ceramic Tile, Vinyl, Concrete
Exterior
Parking Features Paved Parking, Private Parking
Fence Chain Link, Partial
Roof Type Composition
Total Parking Spaces 12
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 200-07-021-A
Financing Other
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Bought with West USA Realty