4021 27th Ave, Phoenix, AZ 85017-4716
- Motels
- 13,300 SF
- 3.17 lot acres
Current Use by Public Records
- Travel Inn / Hotel & Motel
Property Details for 4021 27th Ave
- Year built
- 1972
- Construction
- CONCRETE
- Lot size
- 3.17 lot acres
- Zone code
- R-5
- Property type
- Motels
- APN
- 110-01-011E
- APU
- 11001011E
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 21, 2025 | $4,000,000 | Fourth LLC | Kct Development LLC | Special Warranty Deed | $2.5M · American Bank NA |
| Jun 18, 2025 | — | Pejatc INC | — | Deed · related | $1.4M · Bank Of Labor |
| Dec 6, 2024 | — | Kct Development LLC | Kct Development LLC | Deed · related | — |
| Aug 1, 2024 | — | Kct Development LLC | — | Deed · related | $2M · Bruno Salamone |
| Oct 30, 2008 | — | Hari Hotels LLC | Hari Hotels LLC | Quit Claim Deed · related | — |
| Sep 23, 2005 | $1,650,500 | Hari Hotels LLC | Mitchell,philip G | Trustees Deed · related | — |
| — | — | Hari Hotels LLC | — | Deed Of Trust · related | $1.5M · Bruno & Jami Salamone |
| — | — | Hari Hotels LLC | — | Deed Of Trust · related | $900k · Amaratbhai & Dalsukhbhai Dhanani |
Description
This exceptional 95-key hotel, built in 1972, presents a compelling investment opportunity in Phoenix, Arizona. Spanning 32,600 square feet across a single, two-story building, the property boasts an independent operation, unencumbered by franchise agreements, offering significant upside potential. The R-5 zoning allows for conversion to multi-family units, capitalizing on the strong demand for housing in this rapidly growing market. Currently operating as a hotel, the property offers multiple rebranding options with top franchises. The convenient location off Interstate 17 provides easy access to major demand generators, including Grand Canyon University, the Phoenix Convention Center, and Phoenix Sky Harbor Airport, all within a 10-minute drive. The property is well-maintained with minimal deferred maintenance and includes a manager's apartment, which can be converted into three additional guest rooms, increasing the room count to 98. This presents a unique opportunity for investors seeking a high-growth market with flexible use options. The property is situated in Maricopa County, Arizona, with a Phoenix address (4021 N 27th Ave, 85017), benefiting from the city's robust economy and population of 1.6 million, making it the fifth most populated city in the US. The absentee management structure allows for passive income generation with significant potential for increased revenue.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $11,048,000
- AI Estimate
- $10,561,000
Market price range: $2.84M - $11.9MMarket price range: $2.81M - $11.4M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $6,925,000 Current use
- COMMERCIAL (GENERAL)
- $9,260,000 Change: +34% Conversion: Difficult
- RESTAURANT
- $7,100,000 Change: +3% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.116
- Latitude
- 33.4939
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
