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161 N Main Street

Snowflake, AZ 85937
  • $2,445,000
  • STATUS: Active
  • ON SITE: 371 Days
  • MLS #: 6542415
$2,445,000
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,283
    SQFT
  • $389
    $/SQFT
Type:
Commercial
Built:
1940
County:
Area:

School Ratings & Info

Description

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.

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Arizona Regional MLS logo© 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Patty LaBenske | eXp Realty. Data last updated 2024-04-04T00:16:08.4.
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161 N Main Street Snowflake, AZ 85937

  • Price: $2,445,000
  • Status: Active
  • On Site: 371 Days
  • MLS #: 6542415
0
Beds
0
Baths
0
½ Baths
0.41
Acres
6,283
SQFT
$389
$/SQFT
1940
Built
County:
Navajo
Area:
Snowflake
Property Description
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.
Exterior Features

Attached Garage YN No Construction Materials Frame - WoodBrick Covered Spaces 0 Open Parking Spaces 10 Parking Features Paved ParkingPrivate ParkingFree Roof ConcreteShake

Interior Features

Cooling Wall/Window Unit(s)

Property Features

Flooring Wood Gross Income 0 Ownership Fee Simple Sewer Public Sewer Structure Type Commercial Tax Annual Amount 2239 Tax Year 2022 Water Source Domestic WellShared WellIndividual Meter Zoning Commercial

Arizona Regional MLS logo Listing provided by West USA Realty: .


Arizona Regional MLS logo© 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Patty LaBenske | eXp Realty. Data last updated 2024-04-04T00:16:08.4.
 
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Patty LaBenske | eXp Realty
14301 N. 87th St. Suite 215
Scottsdale AZ, 85260