Scenic View Inn
For Sale
$9,900,000
287 N Lake Powell Blvd, Page, AZ 86040
130-room hotel with restaurant, bar, and convention space.
Property Size96,490 SF
Lot Size5.77 Acres
Price / SF$102.60
Days on Market239
Property Features for 287 N Lake Powell Blvd
General Information
Standard status
Active
Size
96,490 SF
Lot size
5.77 Acres
Property subtype
Hospitality
Building Details
Building Size
96,490 SF
Listing Agency:
NAI Excel
Listed By:
Brandon Price · License #UT #11888747-SA00
(435) 272-7751
Source:
Naiglobal
Added: Feb 26
Changed: Oct 21
Last Checked: Oct 20 at 5:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Excel
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Investment Insights
Based on property information with market context.
The Scenic View Inn is a 96,490 square foot, 130-room hotel situated on a 5.77-acre site in Page, Arizona. Built in 1978 and zoned CBD (Central Business District), the property is located in the heart of Page, Arizona, along Lake Powell Boulevard, offering scenic views and strong visibility. The property includes a full-service restaurant and bar, a large commercial kitchen, expansive group and convention space, and ample on-site parking. The oversized lot provides flexibility for future expansion or redevelopment. Its proximity to Lake Powell, regional schools, medical facilities, and Page Municipal Airport supports consistent tourism and local demand. This hospitality asset is located in a high-traffic corridor and has multiple revenue components.
Key Highlights
- Premier location on Lake Powell Boulevard with scenic views and strong visibility.
- Large ±5.77‑acre lot offering flexibility for future expansion or redevelopment.
- 130‑room hotel with full‑service restaurant, bar, and large commercial kitchen.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$742,491
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,849,820
$14.8M
Cap Rate 7%
$10,607,014
$10.6M
Cap Rate 9%
$8,249,900
$8.2M
Market Conditions
NOI Build-Up for 96,490 SF
Gross rent
$1.74M $18.00/SF
− Vacancy
−$173.7K −$1.80/SF
EGI
$1.56M $16.20/SF
− OpEx
−$820.6K −$8.51/SF
NOI
$742.5K $7.69/SF
Area
Coconino County, AZ
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,849,820
Cap Rate 7%
$10,607,014
Cap Rate 9%
$8,249,900
Alternative Uses
Best Use
Hotel Hospitality
$10.61M
$9.28M – $12.37M
NOI $742,491 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$26.68M
$23.34M – $31.12M
NOI $1,867,299 @ 7.0% cap · market cap 18.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 86040, AZ
10,179
Population
4,801
Households
2.1
Avg Household Size
34
Median Age
24%
College-Educated
90%
High-School Grad
887.9 sq mi
ZIP Area
11
Density / Sq Mi
$82,544
Median Household Income
$47,070
Median Earnings
$1,009
Median Rent
$124,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - 130-room hotel with restaurant, bar, and convention space.
Where is this hotel located?
The property is located at 287 N Lake Powell Blvd Page, AZ.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: Premier location on Lake Powell Boulevard with scenic views and strong visibility.; Large ±5.77‑acre lot offering flexibility for future expansion or redevelopment.; 130‑room hotel with full‑service restaurant, bar, and large commercial kitchen.
