447 & 503 S Montezuma Street, Prescott, AZ 86301

New Listing
$4,300,000
Property Type: Commercial/Indstrial Square Footage: 7,416 Lot Size (sq. ft.): 27,007 Status: Active
Current Price: $4,300,000 List Date: 5/05/2025 Last Modified: 5/06/2025

Description

Portfolio Sales Offering - $4,300,000. A rare opportunity to acquire an iconic and thriving portfolio featuring: *A 14-room Motor Lodge - A well-known and established hospitality destination with strong brand recognition and consistent guest traffic. * The Edison Market - A popular local market, coffee shop and eatery serving both tourists and the local community. This turnkey investment blends hospitality, retail and dining all within a prime location commercial property package. The Motor Lodge has been the rated the #1 hospitality property in Yavapai County for the past few years on TripAdvisor. In addition, the Motor Lodge has received many regional and national accolades. This turn-key lodging opportunity offers 14 uniquely furnished guest rooms totaling CLICK MORE...

Supplements: Portfolio Sales Offering - $4,300,000. A rare opportunity to acquire an iconic and thriving portfolio featuring: *A 14-room Motor Lodge - A well-known and established hospitality destination with strong brand recognition and consistent guest traffic. * The Edison Market - A popular local market, coffee shop and eatery serving both touristtourists and the local community. This turnkey investment blends hospitality, retail and dining all within a prime location commercial property package. The Motor Lodge has been the rated the #1 hospitality property in Yavapai County for the past few years on TripAdvisor. In addition, the Motor Lodge has received many regional and national accolades. This turn-key lodging opportunity offers 14 uniquely furnished guest rooms totaling 4,749 sf within seven separate buildings. The sale includes all furniture, fixtures and equipment along with the Motor Lodge name and brand. Situated on +/-.41 acres of BR zoned land, there are 14 on-site parking spaces, 8 of which are in covered carports adjacent to the rooms. There is an on-site Manager's office/kitchen, laundry & maintenance facilityies and storage rooms. All rooms offer high speed internet, smart TV's secured keypad entry, Additional features include: 11 rooms with kitchenette, 12 rooms have access to personal & furnished front decks; 13 rooms offer indoor fireplaces. Originally built in 1910 , this property has been completely renovated. Each room has been refurbished with high-end beds, linens and is nicely furnished, incorporating well-designed themesing & distinctive décor. The property is in excellent condition and there have been many upgrades and renovations made to it since the owners purchased this property in 2020. This is a rare, best-in-class investment/owner operator opportunity in downtown Prescott. The Edison Market offers a unique opportunity to own and operate a unique hospitality brand. Established in April 2024, The Edison Market is a +/-2,667 sf unique and vibrant retail concept located in the heart of Prescott, AZa rapidly growing tourist destination. Formerly a Circle K store, this property has been transformed into a local community hub and visitor favorite, offering craft coffee, a chef-driven eatery, and a curated local market that is all under one roof. Now federally trademarked, The Edison Market brand is federally trademarked and has been built for expansion across Arizona and beyond. This flagship turnkey location is primed and ready for the continued brand development into a multi-location concept. Situated on .21 acres of BR zoned land, the market offers a large open floor plan with counter service and a 25-foot long built-in and reach-in row of refrigerators that offer a large variety of both alcoholic and non-alcoholic beverages. A +/- 45'X60' vacant parcel is located behind the Edison that offers many future growth opportunities which may include the addition of an outdoor patio space or the construction of additional motel units. The Edison Market is conveniently being offered for sale in several formats: 1) The real estate can be purchased along with the adjacent 14-room Motor Lodge for a sales price of $4,300,0000 which includes the business, FF&E and all assets; 2) The real estate can be purchased or leased separately from the adjacent 14-room Motor Lodge for a sales price of $1,500,0000 which includes the business and all assets; 3) The business can be purchased separately for $300,000 which includes the FF&E, and licensing of the trademark brand; 4) The real estate and business can be leased for $4,500/mo gross. All of the above scenarios include either the purchase and/or access to the #6 liquor license. Both properties have recently had their parking lots repaved & striped.

More Information MLS# 1072999

ContractAddressLegal

Original List Price: 4300000 Listing Date: 2025-05-05 Status: Active Listing Price: 4300000 Street #: 447 & 503 Direction: S Street Name: Montezuma St Suffix: Street City/Township: Prescott State: AZ Zip Code: 86301 County: Yavapai Tax Parcel: 109-14-039

General Property Description

Aprx Acres: 0.62 Buildings: 2 Total Liveable SqFt: 7416 Source of Measuremnt: County Assessor Stories: 1 Parking Spaces: 22 Year Built: 1940 Management: Owner Baths - Full: 14 Construction Status: Existing

Tax Info

Taxes: 7113 Tax Year: 2024

Property Features

Bathrooms: ADA; Interior Building Type: 5+ Units; Motel/Hotel; Retail - Free Stand; Other - See Remarks Business Location: Corner Location; Freestanding Bldg; Other - See Remarks Commercial Amenities: Other - See Remarks Construction: Frame - Wood; Stucco Cooling: Gas Pack; Mini-Split External Amenities: Handicap Access; Landscaped; Paved Parking; Other - See Remarks Flooring: Carpet; Tile; Vinyl; Wood Heating: Natural Gas; Natural Gas Internal Amenities: Bathroom; Ceiling Fan(s); Fire/Smoke Detector; Kitchen; Security/Alarm Parking: On-Site; Street Parking Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Asphalt Shingle; Rolled/Hot Mop Utilities Installed: Electricity; Master Meter; Natural Gas; Water - City; WWT - City Sewer
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: May - 06 - 2025
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