161 N Main St | Snowflake, AZ 85937
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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.
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 | Building Size | 3,706 SF |
Sale Type | Investment | No. Rooms | 10 |
Cap Rate | 5.77% | No. Stories | 2 |
Property Type | Hospitality | Year Built/Renovated | 1890/2023 |
Property Subtype | Hotel | Parking Ratio | 2.7/1,000 SF |
Building Class | B | Corridor | Interior |
Lot Size | 0.41 AC |
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
Parcel Number | 202-11-198K | Improvements Assessment | $49,216 CAD |
Land Assessment | $9,220 CAD | Total Assessment | $58,435 CAD |
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 |
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