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318 W Business Bowie, AZ 85605
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Key Details
Sold Price $110,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,896 sqft
Price per Sqft $28
MLS Listing ID 22321493
Sold Date 08/28/24
Year Built 1950
Annual Tax Amount $892
Tax Year 2023
Lot Size 3 Sqft
Acres 0.84
Lot Dimensions 140' x 260'
Source MLS of Southern Arizona
Property Description
This 11-unit motel is the perfect opportunity for a savvy investor or entrepreneur. Located in a high-traffic area with a huge need for Monthly Rentals in the agricultural sector. The motel has the potential to generate significant income once it has been renovated and reopened. Various room sizes and Configurations. Each unit has a 3/4 bath. Main 2 bedroom home/ office has Full bath w/ tub, kitchen and fireplace. Other features: communal laundry and kitchen space, Outdoor Fireplace & Ramada, Small Storage building in back, 7 RV spots (2 of which have sewer dumps). Two new septic tanks were installed in 2018 at a cost of $16,000.
Could be Converted into / used as a Multi-Family Unit Complex. The previous owner was collecting $5,000 gross monthly before having to shut down. With a little TLC, this motel could be a gold mine.
Location
State AZ
County Cochise
Area Cochise
Zoning Cochise - GB
Direction East on I-10, Take exit 362 toward Bowie, go over the over pass and then Straight on the Frontage Rd/ Business loop for 1.5 miles. At the corner of S Lincoln Ave. Sign on Property.
Interior
Heating Natural Gas
Cooling Ceiling Fan(s), Evaporative Cooling, Window Unit(s)
Exterior
Fence Chain Link
View Y/N No
Roof Type Tile
Building
Lot Description Corner Lot
Sewer Other, Septic Tank
Others
Tax ID 302-14-069
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Special Listing Condition Fix Up
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