Americana Inn | 2650 East Route 66, Flagstaff, AZ 86004 | $7,375,000 | $82,865 Per Unit | $272.45 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (December 22, 2021) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $7,375,000 / $82,865 Per Unit / $272.45 Per SF sale of Americana Inn, an 89-room motel located in Flagstaff, Arizona. ABI Multifamily's John Klocek and Patrick Burch represented the buyer and seller in this transaction.
The Americana Inn is an 89-room motel located only 5 minutes from the heart of Downtown Flagstaff. Situated on the Historic Route 66, the property consists of 89 motel units, a 2-bedroom apartment, full motel lobby and office space and a small commercial space. The current project is operating as a motel, but the zoning and location offer an amazing opportunity that would allow for multiple value-add or redevelopment options.
Americana Inn sits on 2.97 acres of land and is located just a little over 3 miles away from Northern Arizona University. The property is zoned Community Commercial (CC) and Highway Commercial (HC) allowing for a myriad of uses including mixed-use residential with heights up to 60 feet.
The buyer is based in California and the seller is based in Arizona.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Tucson, Sacramento, and San Diego, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.