603 Lake Powell Blvd Page, AZ 86046
Exceptional 3.05-acre commercial lot ideally situated on Lake Powell Boulevard in Page, Arizona (APN: 801-04-001Y). This unique property boasts a prime location adjacent to Page Ford, offering unparalleled visibility and accessibility. All necessary groundwork has been completed, including zoning changes, water engineering, and power infrastructure. The property includes engineered plans for an 81-room hotel, already approved by the city, presenting a significant advantage for immediate development. This versatile site presents endless possibilities, suitable for a hotel, bar, restaurant, fast-food establishment, or other commercial ventures. Page, Arizona, is centrally located within the Grand Circle, a region attracting over 3 million visitors annually. The property's proximity to major attractions such as Lake Powell, Glen Canyon National Recreation Area, Horseshoe Bend, and Antelope Canyon, as well as the ease of access to the main Lake Powell marinas, ensures high traffic and potential for substantial returns. The property is zoned for commercial use and offers a rare opportunity to capitalize on the booming tourism industry in this sought-after location. Within a few hours' drive are Zions, Bryce, Canyonlands National Parks, and both the North and South Rims of the Grand Canyon. This is a truly exceptional investment opportunity. Asking price: $1,200,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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