781 Az-80 Tombstone, AZ 85638
- Hospitality properties
- 15,141 SF
- 2.73 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 781 Az-80
- Year built
- 1964
- Lot size
- 2.73 lot acres
- Property size
- 15,141 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This fee-simple 40-unit motel in Tombstone, Arizona, presents a compelling value-add investment opportunity. The Landmark Lookout Lodge boasts 15,141 square feet across three, two-story buildings situated on a 2.73-acre lot. Built in 1964, the property consistently achieves high average daily rates (ADR), averaging $90.20 in 2023. Its prime location, minutes from Tombstone's key attractions (OK Corral, Bird Cage Theater, etc.), ensures consistent occupancy and recurring guests. The property's strong online ratings further enhance its appeal. A significant advantage is a large, detached 2,500 square foot house with two bedrooms and two bathrooms, offering potential for owner-operator use or rental income generation. This presents the opportunity to reduce operational expenses and increase revenue. Financing options, including conventional and USDA loans, are available for qualified buyers. The property's strong performance and potential for further enhancement make it an attractive investment in a thriving tourism market. The property is located at 781 AZ-80, Tombstone, AZ 85638. The asking price is $1,850,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tombstone
- County
- Cochise
- State
- Arizona
- Longitude
- -110.073
- Latitude
- 31.7218
