Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

931 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

City Center Downtown Motel 600 W Van Buren St

43 Room Hotel Phoenix, AZ 85003 £4,628,192 (£107,632/Room) 9.80% Net Initial Yield

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Located near major attractions like Footprint Center, Chase Field, and Phoenix Convention Center, attracting over 1 million annual visitors.
Opportunity to expand from 43 rooms to 119+ luxury hotel rooms, capturing the growing demand for upscale accommodations in Phoenix.

Special Terms for Joint Venture Partnership Opportunity.

Executive Summary

Simon Assaf
License No. CO701910000 (AZ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc.
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251

Property Facts

Price	£4,628,192	Building Size	21,500 SF
Price Per Room	£107,632	No. Rooms	43
Sale Type	Investment	Number of Floors	2
Net Initial Yield	9.80%	Year Built	1958
Property Type	Hospitality	Tenancy	Single
Property Subtype	Hotel	Parking Ratio	1.67/1,000 SF
Building Class	C	Corridor	Exterior
Lot Size	0.25 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£4,628,192
Price Per Room	£107,632
Sale Type	Investment
Net Initial Yield	9.80%
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.25 AC
Building Size	21,500 SF
No. Rooms	43
Number of Floors	2
Year Built	1958
Tenancy	Single
Parking Ratio	1.67/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

High Speed Internet Access

Patio

Public Access Wi-Fi

Room Mix Information

Description	No. Rooms	Daily Rate	SF
Guest Room	43	£89.20	-

PROPERTY TAXES

Parcel Numbers	Multiple 111-41-173 111-41-163A 111-41-166C 111-41-172 111-41-174 111-41-165A 111-41-167A 111-41-175A 111-41-164A	Improvements Assessment	£0
Land Assessment	£136,514	Total Assessment	£221,049

PROPERTY TAXES

Parcel Numbers

Multiple

111-41-173
111-41-163A
111-41-166C
111-41-172
111-41-174
111-41-165A
111-41-167A
111-41-175A
111-41-164A

Land Assessment

£136,514

Improvements Assessment

£0

Total Assessment

£221,049

zoning

Zoning Code	C-G (a zoning classification for general commercial development)
C-G (a zoning classification for general commercial development)

Listing ID: 34069458
Date on Market: 03/12/2024
Last Updated:
Address: 600 W Van Buren St, Phoenix, AZ 85003

1 of 4

VIDEOS

3D TOUR

PHOTOS

STREET VIEW STREET

MAP

1/4

600 W Van Buren St, Phoenix, AZ for sale Building Photo- Image 1 of 4 — city center 2 logo

600 W Van Buren St, Phoenix, AZ for sale Building Photo- Image 2 of 4 — city center logo

600 W Van Buren St, Phoenix, AZ for sale Building Photo- Image 3 of 4 — city center map logo

1 of 1

This feature is unavailable at the moment.