1100 West Rex Allen Drive WilLcox, AZ 85643
- Motels
- 32,635 SF
- 2.00 lot acres
Current Use by Public Records
- Motel 6 Willcox, AZ / Hotel / Motel
- Studio 6 Suites - Willcox, AZ / Hotel / Extended Stay Hotel
Property Details for 1100 West Rex Allen Drive
- Year built
- 1982
- Construction
- CONCRETE
- Lot size
- 2.00 lot acres
- Property size
- 32,635 SF
- Property type
- Motels
- APN
- 203-26-020
- APU
- 20326020
Description
This exceptional 91-key dual-branded Motel 6/Studio 6 is offered for sale at $3,400,000. Located in Willcox, Arizona, this fee-simple property boasts 40,500 square feet on a 2-acre lot. Built in 1980, the two-story exterior corridor motel sits on the main exit of Rex Allen Road off Interstate 10, providing excellent visibility and accessibility. The property features a vacant restaurant space presenting a significant opportunity to increase revenue streams. The current configuration allows for effective rate and expense management. The city of Willcox Planning and Zoning Department has pre-approved a change of use and zoning, adding further flexibility for potential investors. This value-add investment presents a tremendous upside for an owner-operator or hands-on investor seeking to capitalize on the property's potential. The property is zoned commercial and offers a compelling opportunity to enhance profitability through strategic management and the redevelopment of the vacant restaurant. The price per square foot is $98.77.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,620,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,770,000
- 6.5%
- $2,845,000
- 7%
- $2,840,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,385,000
- Geo Method
- $2,870,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,320,000
- Retail
- $3,125,000
- Mixed-Use
- $2,750,000
- Hospitality
- $2,950,000
- Educational
- $3,140,000
- Residential Income
- $2,685,000
- Energy
- $2,760,000
- Income-Based Land
- $2,635,000
- Food Service
- $2,680,000
Location Insight
- Map
- Local Demand
- City
- Willcox
- County
- Cochise
- State
- Arizona
- Longitude
- -109.84
- Latitude
- 32.2638
- CBSA code
- 43420
- CBSA name
- SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA