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904 W MAIN Street Quartzsite, AZ 85346
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Key Details
Sold Price $599,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Kuehn Park
MLS Listing ID 6172812
Sold Date 05/25/21
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 2008
Annual Tax Amount $14,029
Tax Year 2019
Lot Size 1.137 Acres
Acres 1.14
Property Description
20 CAP for an Absentee Owner! Recently Remodeled 10-Unit Motel and Restaurant located on Main Street in World Famous Quartzsite, AZ - Home of the World's Largest Rock and Gem Show Each Winter. The 1-Acre Property also comes with a Nice Modular Home with a Garage. Could be Used for Rental Income, a Manager or an Owner Operator. Total Bldg Square Footage Exceeds 6,000sf. 2019 Gross Income was $146,285. Net Profits were $77,456 + $3,300 Each Month for Owner Debt Service of Previous Owner Carry Back. 2020 thru 7/31 Gross Income was $77,577 with Net Profits running $38,154 + the $3,300.00 for Debt Service. Gross Payroll for 2019 was $20,343. Restaurant Operated by 3rd Parties & Rents for $2K/mo. $200K in Equipment that Conveys with Sale. Owner is Also Open to a Small Carry Back.
Location
State AZ
County La Paz
Community Kuehn Park
Zoning Commercial
Direction Interstate 10 & Exit 19 Headed West. Exit 17 Headed East. Across the Street from the Pilot Truck Stop. Sign on Property.
Interior
Heating Electric
Cooling Central A/C
Flooring Carpet, Ceramic Tile
Exterior
Garage Paved Parking, Public Parking, Free
Fence None
Waterfront No
Roof Type Built-Up,Foam
Present Use Restaurant,Service Business
Parking Type Paved Parking, Public Parking, Free
Building
Sewer Public Sewer
Water City Franchise
Others
Senior Community No
Tax ID 306-67-004-B
Financing Cash
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