35 Hozoni Drive, Sedona, AZ 86336 (MLS# 5766433)

35 Hozoni Drive, Sedona, AZ 86336

$7,880,000

Property Type: Comm/Industry Sale Square Footage: 20,876 Lot Size (sq. ft.): 48,787 Status: Closed

Current Price: $7,880,000 List Date: 5/15/2018 Last Modified: 1/07/2025

Overview

Description

**Ownership Retirement Investment Opportunity - Established Boutique Hotel - Strong NOI - Adobe Grand Villas** The Adobe Grand Villas is an original owner, 16-unit (18,874 sqft), boutique hotel located in Sedona, AZ (Yavapai County). AGV is more than a retreat, it's an unforgettable experience. Each of the 16 themed private villas is a complete escape as the one-of-a-kind design works in tandem with exceptional service. Adobe Grand Villas is a unique and special Sedona business for sale that is a wonderful opportunity to enjoy as an active retirement business. Other uses include conversion to an exclusive Arizona addiction rehab and wellness center, or as a fractional ownership destination property. Property tours are by appointment only. Unannounced visits are strictly prohibited.

Supplements: The hotel rests on pristine desert landscape in southwest Sedona with privacy and views. The hotel runs smoothly and autonomously with a dedicated culinary team, maintenance and housekeeping staff and contracted spa services. Every guest is treated with care. AGV offers investors and/or operators a stabilized cash flow and seasoned staff. This is t ... (Read more)

Listing Details MLS# 5766433

Location, Tax & Legal

Map Code/Grid: C82
House Number: 35
Street Name: Hozoni
St Suffix: Drive
City/Town Code: Sedona
State/Province: AZ
Zip Code: 86336
Zip4: 3765
Country: US
County Code: Yavapai
Subdivision: Adobe Grand Villas - a boutique hotel of 16 themed luxury villas.
Assessor Number: 408-24-492-F
Tax Year: 2014

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Boutique Hotel
Ttl Apx SqFt Bldg: 20876
# of Buildings: 6
Year Built: 2001
Uncvrd Parking Spcs: 20
Zoning: Lodging

Remarks Misc

Cross Street: From Phoenix: take I-17N to Exit #287 (Route 260)
Directions: Then west 12 miles to Cottonwood, right on 89A North to Sedona for 14 miles. Turn left on Tortilla Dr (at GIANT gas station), left at stopsign on Southwest Drive, right on Hozoni Dr, entrance on left.

Status Change Info

Off Market Date: 2019-02-22
Under Contract Date: 2018-10-31
Close of Escrow Date: 2019-02-21

Legal Info

Township: 17N
Range: 05E
Section: 11
Lot Number: F

More Information

Income Expenses

Net Operating Income: 575750

Sold Info

Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 45000
Seller Concession $/%: $

Property Features

Building Type: Commercial; Other (See Remarks) Business Type: Other; See Remarks Stories: 2 Stories Construction: Stucco; Wood Frame Roofing: Tile Floors: Concrete; Wood; Carpet Ceiling Height: 8.1 Feet to 10 Feet Heating: Natural Gas Cooling: Central Air Loading Facilities: None Interior Features: Finished; Smoke Detector(s); Security Light(s); Private Restrooms; Public Restrooms Exterior: Sprinkler System-Ground; Landscaping; Monument Sign Fencing: Block Parking Features: Free Electric: City Electric; Master Meter Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Owner May Carry Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Assume-No Qualify Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Traffic Count: Unknown Environmental: None

Listing Office: United CountryReal Estate-Arizona Property & Auction

Last Updated: January - 07 - 2025