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

Share This Listing

Please enter a valid email address.

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

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!

161 N Main St
Snowflake, AZ 85937

Heritage Inn · Hospitality Property For Sale · 10 Rooms

Executive Summary

Ever wanted to own a summer home in the higher elevations that pays for itself? Maybe you're a fan of largely hands-off passive real estate income. Or in search of a full-time residence that produces significant residual income. No matter your hot buttons, this might well be the place you've been looking for. Heritage Inn represents a unique opportunity for the entrepreneur, corporation, savvy investor, or snow bird.
With a 3 bedroom, 3.5 bath historic home surrounded by 9 additional, external suites, the Heritage Inn is a highly profitable boutique inn. The inn's blend of high-tech operations and high-value amenities makes it unique in the hospitality industry and as close to a hands-off operation as possible. The inn was completely remodeled in 2022 and absolutely every fixture and piece of furniture in the entire property is brand new. More than 35% more rentable space was added to the base operation. The owners also added a new Guest Lounge/Continental Breakfast room. In 2022, during renovation with as much as half the inn shut down at any one time, the business maintained overall profitability. The full-scale renovation was completed in February of 2023 and the sales are ramping quickly.
The Heritage Inn is located in the White Mountain region of AZ in the historic town of Snowflake. Snowflake is surrounded by multiple national parks and a year-round calendar of local and regional events. It is also the perfect stop off point for those traveling from the Phoenix or Tucson valleys to New Mexico, Colorado, or Utah. With an average temperature that is roughly 20 degrees cooler than the Phoenix/Tucson valleys, the White Mountains are a perfect combination of weather, scenery, lifestyle, and activities. Whether as a summer escape, a prosperous business, or full-time residence, come fall in love with the Heritage Inn, Snowflake, and the White Mountains region of northern Arizona.

PROPERTY FACTS

Price Per Room $323,201 CAD
Sale Type Investment
Cap Rate 5.77%
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.41 AC
Building Size 3,706 SF
No. Rooms 10
No. Stories 2
Year Built/Renovated 1890/2023
Parking Ratio 2.7/1,000 SF
Corridor Interior

Amenities

  • High Speed Internet Access
  • Patio
  • Boutique/Lifestyle Hotel
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 10 $201.10 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
202-11-198K
Land Assessment
$9,220 CAD
Improvements Assessment
$49,216 CAD
Total Assessment
$58,435 CAD

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 28329845

  • Date on Market: 2023-04-26

  • Last Updated:

  • Address: 161 N Main St, Snowflake, AZ 85937

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}