Independent Motel with Property in Holbrook, AZ

Price Reduced! Asking Price for the Property: $599,000.
Yearly sales are over $100,000!
Independent brand! No need to pay franchise royalties!
Operating partner lives onsite and does not have any payroll! Buyer can purchase an income-generating commercial property for the price of a house!
Net profit is over $70,000 per year AFTER paying all other expenses!
Business has only rented to long-term tenants for several years. New Buyer could easily convert back to a motel with daily rates!
Average Rate (AR): $50
Rentable Rooms: 35
Store Information:
Building is 11,360 SF!
Huge opportunity to brand the property with a franchise and receive an upfront incentive to renovate the rooms!
Geographic & Demographic Details:
Average traffic count of 4,805 vehicles passing by the Motel each day! Huge opportunity to offer long-term rates and capture additional customers!
Median Household Income is $49K! Population is increasing by 2.5%
Nearby restaurants like Romo's Restaurant, A&W Restaurant, Little Caesars Pizza, Mr Maestas, Wayside Soda Shop, El Rancho Restaurant & Motel, and Bienvenidos Restaurant.
Higher education institutions in the area include Northland Pioneer College serving over 2,700 students and faculties.
Close proximity to Greenwood Apartments, Coronado II Apartments, Holbrook Court Apartments, and VSUSA.
3 hours from Phoenix, AZ and Albuquerque, NM! 1h 30 min from Flagstaff, AZ!
Asking Price for the Property: $599,000.