451 London Brg Rd Lake Havasu City, AZ 86403-4642
- Parking lots & garages
- 0.25 lot acres
Current Use by Public Records
- Windsor Inn Motel Lake Side / Hotel
Property Details for 451 London Brg Rd
- Year built
- 1994
- Construction
- STEEL FRAME
- Lot size
- 0.25 lot acres
- Zone code
- C1
- Property type
- Parking lots & garages
- APN
- 107-01-022
- APU
- 10701022
Description
This 19,726 square foot motel in Lake Havasu City, Arizona, presents a compelling investment opportunity. Located at 451 London Bridge Rd, 86403, this hospitality property boasts a strong 11.69% capitalization rate and a Net Operating Income (NOI) of $409,000, with an asking price of $3,500,000. The property has undergone significant renovations and refresh, including new furniture, air conditioning units, and vinyl flooring. Its location in a popular leisure destination, attracting significant tourism from California and Arizona, ensures consistent demand. The motel's current absentee ownership presents potential for operational improvements through enhanced management and increased market penetration. An existing short-term rental (STR) operator could leverage economies of scale by integrating this property into their existing network. Furthermore, the absence of new motel construction in the pipeline secures the property's position in the market. This is an exceptional opportunity for investors seeking a high-return asset in a thriving tourist area. The property benefits from its established presence and the ongoing improvements already implemented. The potential for further operational enhancements promises significant upside for the savvy investor.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Havasu City
- County
- Mohave
- State
- Arizona
- Longitude
- -114.353
- Latitude
- 34.4845
- CBSA code
- 29420
- CBSA name
- LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA
