Budget Inn Phoenix

5259 W Mcdowell Rd, Phoenix, AZ

$6,400,000

Price

29,252 sqft

Building Size

2.9478 acres

Lot Area

Overview
Building Size
29,252 sqft
Lot Area
2.9478 acres
Keys
64
Year Built
1998
Floors
2
Description

NewGen Advisory is pleased to present to qualified buyers the independent Budget Inn hotel in Phoenix, Arizona. The two story 64 unit interior corridor hotel has a large lobby and breakfast area convenient for guests. Investors have an excellent opportunity to convert the hotel to another use such as multi-family apartments, senior living, or bridge housing. Please reach out to Jigar “Jay” Desai, Ryan Bodine, or Kishan Gohel for more information.

The property is located off Interstate 10 and surrounded by local attractions such as Downtown Phoenix, Westgate Entertainment District, Castles N' Coasters, and MLB spring training fields.

Highlights
  • Interior Corridor with Multiple Franchise Options
  • Priced Below Replacement Cost
  • Absentee Owner – Upside for Hands on Management
  • Central Location on I-10
  • 14 min from Downtown Phoenix
  • 17 min from Glendale Sports & Entertainment District
  • Located on 3 Acres
Location