159 Park Ave Clifton, AZ 85533

Property Details for 159 Park Ave

Year built

1890

Property size

1,890 SF

Property type

Retail properties

Property subtype

Bars

Description

This exceptional Clifton, Arizona property presents a lucrative investment opportunity. The combined 159 & 163 Park Ave addresses encompass a meticulously renovated, historic building offering a unique blend of hospitality and retail uses. Originally constructed in 1890 (163 Park Ave) and 1910 (159 Park Ave), the property underwent a complete renovation in 2020, boasting new plumbing, electrical systems, roofing, and flooring. The main building (163 Park Ave) totals 6,000 square feet, while a separate building (159 Park Ave) offers an additional 1,890 square feet, currently used as owner's quarters but easily adaptable as rental space. Nine spacious rooms, each with a private kitchen and bath, are complemented by two suites featuring claw-foot tubs. A thriving full-service bar with a patio and two pool tables adds significant revenue potential. A charming common area with a wood-burning stove, large table, and comfortable seating provides a welcoming atmosphere. The property sits on a combined lot size ranging from 4,792 to 6,098 square feet. Offered fully furnished (excluding artwork), this turnkey operation is ideal for a boutique hotel, bed and breakfast, or event venue. The property's strong financial performance is highlighted by a 10.9% cap rate, a net income of $455,395.80, and total expenses of $222,579.15. The asking price is $2,130,000. This is a rare chance to acquire a fully operational, high-performing hospitality business in a desirable Arizona location. The 14-foot ceilings on the first floor and 10-foot ceilings on the second floor add to the property's character and appeal.

Location Insight

City

Clifton

County

Greenlee

State

Arizona

Longitude

-109.298

Latitude

33.0562