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Log Wagon Inn 573 W Wickenburg Way 14 Room Hotel Wickenburg, AZ 85390 $2,111,363 CAD ($150,812 CAD/Room) 10.63% Cap Rate
EXECUTIVE SUMMARY
Presenting an exceptional investment opportunity in the heart of Wickenburg, Arizona - the Log Wagon Inn located at 573 W Wickenburg Way, Wickenburg, AZ 85390. This charming single-story property with exterior corridors sits on .47 acres of land and offers 14 cozy rooms for guests to enjoy. Wickenburg boasts a diverse economy, catering to tourism, second-home residents, retirees, medical facilities, and more. The town's strategic location on major highways and its connection to the proposed I-11 route linking Phoenix and Las Vegas make it a prime destination for business and leisure travelers alike. With a solid revenue stream and room for growth, the Log Wagon Inn presents a lucrative investment opportunity in a thriving market. Don't miss the chance to own a piece of this vibrant community and capitalize on the potential this property has to offer.
This 14 room property is exterior corridor. In Oct 2020 extensive renovations were completed including removal of asbestos, new drywall, plumbing, electrical, parking lot, partial roof, new stucco, doors, flooring, and shower stalls.
This 14 room property is exterior corridor. In Oct 2020 extensive renovations were completed including removal of asbestos, new drywall, plumbing, electrical, parking lot, partial roof, new stucco, doors, flooring, and shower stalls.
PROPERTY FACTS
| Price | $2,111,363 CAD | Building Size | 4,374 SF |
| Price Per Room | $150,812 CAD | No. Rooms | 14 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 10.63% | Year Built | 1942 |
| Property Type | Hospitality | Parking Ratio | 4.8/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.47 AC | ||
| Zoning | C-3, Wickenburg - Commercial | ||
| Price | $2,111,363 CAD |
| Price Per Room | $150,812 CAD |
| Sale Type | Investment |
| Cap Rate | 10.63% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 4,374 SF |
| No. Rooms | 14 |
| No. Stories | 1 |
| Year Built | 1942 |
| Parking Ratio | 4.8/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-3, Wickenburg - Commercial |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 14 | $110.76 CAD | - |
PROPERTY TAXES
| Parcel Number | 505-30-088 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $63,668 CAD |
PROPERTY TAXES
Parcel Number
505-30-088
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$63,668 CAD
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Log Wagon Inn | 573 W Wickenburg Way
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