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Clifton Hotel 163 Park Ave 9 Room Hotel Clifton, AZ 85533 $2,766,780 CAD ($307,420 CAD/Room) 11.61% Cap Rate
EXECUTIVE SUMMARY
Presenting a remarkable investment opportunity in Clifton, AZ. This historic 6,000 SF building, originally erected in 1890 and fully renovated in 2020 with new plumbing, electrical, roof, and floors, stands prominently in the heart of Clifton. Each of its 9 spacious rooms features a kitchen and bath, with two suites boasting claw-foot tubs.The property includes a lucrative full-service (Series 6) bar with a patio area and two newly re-felted pool tables. Additionally, there's a charming work/meeting/dining space equipped with a large table and cozy couch
seating, complemented by a wood-burning stove and impressive 14-foot ceilings on the first floor and 10-foot ceilings on the second floor. There is also an owners quarters (1,890 sqft) that could also be used a rental space if desired. Offered fully furnished, including many antique pieces (artwork excluded), this property is perfectly suited for a boutique hotel, bed and breakfast, or event venue. It represents the quintessential cornerstone for launching a memorable and prosperous hospitality venture in the Clifton area.
seating, complemented by a wood-burning stove and impressive 14-foot ceilings on the first floor and 10-foot ceilings on the second floor. There is also an owners quarters (1,890 sqft) that could also be used a rental space if desired. Offered fully furnished, including many antique pieces (artwork excluded), this property is perfectly suited for a boutique hotel, bed and breakfast, or event venue. It represents the quintessential cornerstone for launching a memorable and prosperous hospitality venture in the Clifton area.
PROPERTY FACTS
| Price | $2,766,780 CAD | Building Size | 6,369 SF |
| Price Per Room | $307,420 CAD | No. Rooms | 9 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 11.61% | Year Built/Renovated | 1890/2020 |
| Property Type | Hospitality | Corridor | Interior |
| Property Subtype | Hotel | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | Hotel - Hotel | ||
| Price | $2,766,780 CAD |
| Price Per Room | $307,420 CAD |
| Sale Type | Investment |
| Cap Rate | 11.61% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Building Size | 6,369 SF |
| No. Rooms | 9 |
| No. Stories | 2 |
| Year Built/Renovated | 1890/2020 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | Hotel - Hotel |
AMENITIES
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 9 | $148.02 CAD | - |
1 1
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Clifton Hotel | 163 Park Ave
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