402 E ROUTE 66 Route, Williams, AZ 86046

$1,000,000
Property Type: Comm/Industry Sale Square Footage: 4,000 Lot Size (sq. ft.): 0 Status: Closed
Current Price: $1,000,000 List Date: 6/10/2024 Last Modified: 5/14/2025

Description

Exceptional Business Opportunity in the Heart of Williams!Unlock your potential as a business owner with this prime property featuring 5 Airbnb units, with the ability to expand to 8 units, and potentially even 9! Nestled on the bustling main drag in Williams, this building offers 2-bedroom units, each equipped with a full kitchen and washer/dryer—perfect for extended stays. Immerse yourself in the lively atmosphere of Williams, and enjoy the convenience of witnessing parades from the comfort of your own room. Designed for maximum comfort, each unit boasts full bathrooms, accommodating 6 to 8 people. The versatility of the space allows for creative conversions, with two units spacious enough to be easily split into two.

Supplements: Upstairs, a generous open space awaits transformation into additional rental space, presenting the prospect of a total of 9 lucrative units. Capitalizing on the strategic location, renting each unit at $285.00 per night promises a substantial income. With the potential to achieve a 5% CAP rate, this investment opportunity is further bolstered by Williams' status as the Gateway to the Grand Canyon, drawing in 6 million visitors annually. Benefit from the town's proactive support for local businesses, as Williams thrives on catering to the tourism industry. Join the vibrant community of Williams, where dreams are big, and opportunities are rare. Seize this chance to acquire a property in a town where real estate is seldom available. Act now and become a part of this dynamic, growing community, surrounded by new breweries, restaurants, and local shops tailored exclusively for the thriving tourism market. Don't miss out on this unique investment in the Gateway to the Grand Canyon!

More Information MLS# 6643623

Contract Info

Current Price: $1,000,000 Sold Price: $1,000,000 Status: Closed List Date: 2023-12-21 Ownership: Fee Simple

Location Tax Legal

House Number: 402 Compass: E Street Name: ROUTE 66 St Suffix: Route City/Town Code: Williams State/Province: AZ Zip Code: 86046 Zip4: 2700 Country: US County Code: Coconino Subdivision: TABER ADDITION Assessor Number: 200-07-021-A Tax Year: 2023

General Property Description

Ttl Apx SqFt Bldg: 4000 # of Buildings: 2 Year Built: 1945 Uncvrd Parking Spcs: 10 Zoning: Commercial Flood Zone: No

Remarks Misc

Cross Street: Lewis Street Directions: From I-40 use exit 65 turn south on Old Route 66, at Lewis Street turn left proceed one block south on Lewis street The building is right on the corner of Route 66 and Lewis Street. Geo Lat: 35.25182 Geo Lon: -112.183567

Status Change Info

Status Change Date: 2024-06-22 Off Market Date: 2024-06-10 Under Contract Date: 2024-05-03 Close of Escrow Date: 2024-06-21 Sold Price: $1,000,000

Legal Info

Lot Number: 10-12

Showing Notification Methods

Showing Service: Aligned Showings

Sold Info

Loan Type: Other Loan Years: 30 Payment Type: Adjustable Clsing Cost Split: Buyer - B Buyer Concession $/%: $ Seller Concession to Buyer: 30000 Seller Concession $/%: $

Property Features

Building Type: Commercial; Other (See Remarks) Business Type: See Remarks Stories: 2 Stories Construction: Wood Frame Roofing: Composition Floors: Concrete; Vinyl; Ceramic Tile; Carpet Ceiling Height: 8.1 Feet to 10 Feet Heating: Natural Gas; 2 or More Units Cooling: None Loading Facilities: None Interior: Finished; Private Restrooms Exterior: Corner Lot Fencing: Chain Link; Partial Parking Features: Private; Paved Electric: APS; City Electric; Master Meter Gas: City Gas; Underground Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Owner May Carry; 1031 Exchange Showing Notification Methods: Phone Call Lockbox Type: None Special: Owner/Agent Source of Fincl Data: Owner Existing 1st Loan: Other (See Rmks) Existing 1st Ln Type: Fixed Existing 1st Ln Trms: Non Assumable Existing 2nd Loan: Other (See Remarks) Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable Traffic Count: 175,001 to 200,000 Environmental: None
Listing Office: HomeSmart
Last Updated: May - 14 - 2025
402 E ROUTE 66 Route, Williams, AZ 86046- MLS# 6643623
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