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8019 E Main Street,  Mesa AZ, 85207

(Active)
$3,950,000
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MLS# 6658864
Last Updated: 6/2/2024 3:59 AM
Description for 8019 E Main Street Mesa, AZ 85207
GREAT OPPORTUNITY TO OWN THE EAST MESA INN MOTEL -- A TURN-KEY 24-UNIT MOTEL WITH 1700 SQ.FT. OWNER'S RESIDENCE ON SITE! FOUR 9,000 SQ. FT. LOTS. THE 2ND-STORY BUILDING WAS BUILT IN 1998. TEN KITCHENETTES. ALL ROOMS HAVE REFRIGERATORS & MICROWAVES. MANY UPGRADES INCLUDING NEW ASPHALT PARKING LOT (2023). NEW 16' X 30' PATIO AREA AWNING FOR OWNER'S SUMMER ENJOYMENT. GUEST ROOMS HAVE UP-TO-DATE KEYLESS ENTRY (NO LOST KEYS!). LAUNDRY ROOM FOR TENANTS. POTENTIAL FOR ADDITIONAL ROOMS TO BE ADDED. GREAT LOCATION -- BUSINESS IS CONVENIENTLY LOCATED TO SR 60 AND THE 202. NINETY PERCENT+ OCCUPANCY. NEW OWNER HAS ROOM TO INCREASE RATES. THIS IS AN ESTABLISHED MOTEL WITH CONSISTENT RETURNING GUESTS.
Price
$3,950,000
DESERT SAGE TR BLKS 5, 6, 7
Maricopa
6658864
Active
Description
GREAT OPPORTUNITY TO OWN THE EAST MESA INN MOTEL -- A TURN-KEY 24-UNIT MOTEL WITH 1700 SQ.FT. OWNER'S RESIDENCE ON SITE! FOUR 9,000 SQ. FT. LOTS. THE 2ND-STORY BUILDING WAS BUILT IN 1998. TEN KITCHENETTES. ALL ROOMS HAVE REFRIGERATORS & MICROWAVES. MANY UPGRADES INCLUDING NEW ASPHALT PARKING LOT (2023). NEW 16' X 30' PATIO AREA AWNING FOR OWNER'S SUMMER ENJOYMENT. GUEST ROOMS HAVE UP-TO-DATE KEYLESS ENTRY (NO LOST KEYS!). LAUNDRY ROOM FOR TENANTS. POTENTIAL FOR ADDITIONAL ROOMS TO BE ADDED. GREAT LOCATION -- BUSINESS IS CONVENIENTLY LOCATED TO SR 60 AND THE 202. NINETY PERCENT+ OCCUPANCY. NEW OWNER HAS ROOM TO INCREASE RATES. THIS IS AN ESTABLISHED MOTEL WITH CONSISTENT RETURNING GUESTS.
Listing Information
Property Type: Multi-Family, Other
1945 Block,Stucco
1N//
DESERT SAGE TR BLKS 5, 6, 7
Septic Tank
Neighborhood
Room Information
Interior Features
Ceramic Tile
Exterior / Lot Features
24 Parking Spaces,
Stucco, Block
Tile, Metal, Built Up
36,000
C-3, R-3
Financial Considerations
218-32-007
$10,345
Conventional, 1031 Exchange
Listing Price History

Mesa Real Estate

Mesa is located in Arizona. Mesa, Arizona 85207 has a population of 511,580.

The median household income in Mesa, Arizona 85207 is $78,035. The median household income for the surrounding county is $68,280 compared to the national median of $66,222. The median age of people living in Mesa 85207 is 37 years.

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Courtesy: Iannelli and Associates

Information deemed reliable but not guaranteed. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
The ARMLS logo indicates a property listed by a real estate brokerage other than this broker.
This content last refreshed on 6/2/2024 3:59 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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