La Plaza Motel 1978 Highway 95 68 Room Hotel Bullhead City, AZ 86442 $5,676,450 CAD ($83,477 CAD/Room)

Long Term Triple Net Lease prefered to qualified operators. Motel has been vacant since its purchase in 2003 and closed down due to lack of owner operational infrastructure since. Owner attractive financing available with substantial down payment coupled with excellent credit upon verification with adequate collateral. Estimated rehab is approximately 1 mil to bring the motel online in obtaining occupancy permits/rent ready. Estimated gross rent around 70K monthly / 840K yearly.
Bullhead city is among Arizona’s fastest growing cities, and it is the sister city to Laughlin, Nevada and ±90 minutes from Las Vegas. Bullhead City/Laughlin is a town of ±46,500 people spread out over ±45 square miles. Bullhead City is a popular destination for retirees and snow birds from east coast states as the dry air, low elevation, and low cost of living are particularly appealing to this demographic.
LaPlaza motel has very high visibility and over 27,000 vehicles pass by its front gate daily. Additionally, LaPlaza has very close proximity to downtown Laughlin with nine casinos, the Colorado River, and the Laughlin/Bullhead International Airport.
Because of its location and with the right operator LaPlaza could become the crown jewel in Bullhead city and once established with high end guests, it can become the final destination to many.