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Lamplighter Motel 1945 W Van Buren

17 Room Hotel Phoenix, AZ 85009 £1,201,061 (£70,651/Room)

Investment Highlights

  • NEAR THE CITY
  • NEAR LIGHT RAIL
  • NEAR PUBLIC TRANSPORTATION

Executive Summary

EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability.
CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential:
To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset.
Don't let this rare investment opportunity slip awayact quickly, as it won't last long!

Property Facts

Price £1,201,061
Price Per Room £70,651
Sale Type Investment
Sale Conditions REO Sale
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 0.31 AC
Building Size 8,500 SF
No. Rooms 17
Number of Floors 1
Year Built 1952
Parking Ratio 0.82/1,000 SF
Corridor Exterior

Amenities

  • High Speed Internet Access
  • Public Access Wi-Fi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 17 £53.21 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
109-31-103A
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£35,305

zoning

Zoning Code C-2, Phoenix (Commercial)
C-2, Phoenix (Commercial)
  • Listing ID: 34143110

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 1945 W Van Buren, Phoenix, AZ 85009

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