35 Hozoni Drive, Sedona, AZ 86336
$7,880,000
Property Type: Comm/Industry Sale Square Footage: 20,876 Lot Size (sq. ft.): 48,787 Status: Closed
Current Price: $7,880,000 List Date: 5/15/2018 Last Modified: 1/07/2025
Overview
Description
**Ownership Retirement Investment Opportunity - Established Boutique Hotel - Strong NOI - Adobe Grand Villas** The Adobe Grand Villas is an original owner, 16-unit (18,874 sqft), boutique hotel located in Sedona, AZ (Yavapai County). AGV is more than a retreat, it's an unforgettable experience. Each of the 16 themed private villas is a complete escape as the one-of-a-kind design works in tandem with exceptional service. Adobe Grand Villas is a unique and special Sedona business for sale that is a wonderful opportunity to enjoy as an active retirement business. Other uses include conversion to an exclusive Arizona addiction rehab and wellness center, or as a fractional ownership destination property. Property tours are by appointment only.
Unannounced visits are strictly prohibited.
Supplements: ... (Read more)
Listing Details MLS# 5766433
Location, Tax & Legal
- Map Code/Grid
- C82
- House Number
- 35
- Street Name
- Hozoni
- St Suffix
- Drive
- City/Town Code
- Sedona
- State/Province
- AZ
- Zip Code
- 86336
- Zip4
- 3765
- County Code
- Yavapai
- Subdivision
- Adobe Grand Villas - a boutique hotel of 16 themed luxury villas.
- Assessor Number
- 408-24-492-F
- Tax Year
- 2014
- Assessor's Map #
- 24
- Legal Description (Abbrev)
- AN IRREG PCL IN THE SW4SW4 SW COR LYNG APPROX 820'N OF SW COR OF SE 11-17-5E CONT 1.12AC 3429/254
- Assessor's Parcel #
- 492
- Assessor Parcel Ltr
- F
- Add'l Parcels
- No
- Tax Municipality
- Sedona
- Census Tract
- 1802
- Taxes
- 40589
- Legal
- AN IRREG PCL IN THE SW4SW4 SW COR LYNG APPROX 820'N OF SW COR OF SE 11-17-5E CONT 1.12AC 3429/254
- Marketing Name
- Adobe Grand Villas
Contract Info
- Ownership
- Fee Simple
General Property Description
- Type of Property
- Boutique Hotel
- Ttl Apx SqFt Bldg
- 20876
- # of Buildings
- 6
- Year Built
- 2001
- Uncvrd Parking Spcs
- 20
- Zoning
- Lodging
Remarks Misc
- Cross Street
- From Phoenix: take I-17N to Exit #287 (Route 260)
- Directions
- Then west 12 miles to Cottonwood, right on 89A North to Sedona for 14 miles. Turn left on Tortilla Dr (at GIANT gas station), left at stopsign on Southwest Drive, right on Hozoni Dr, entrance on left.
Status Change Info
- Off Market Date
- 2019-02-22
- Under Contract Date
- 2018-10-31
- Close of Escrow Date
- 2019-02-21
Legal Info
- Township
- 17N
- Range
- 05E
- Section
- 11
- Lot Number
- F
More Information
Income Expenses
- Net Operating Income
- 575750
Sold Info
- Loan Type
- Cash
- Payment Type
- Fixed
- Clsing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession to Buyer
- 45000
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
Construction
- Stucco
- Yes
- Wood Frame
- Yes
Roofing
- Tile
- Yes
Floors
- Concrete
- Yes
- Wood
- Yes
- Carpet
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 0
- Annual Ins Exp
- 0
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 0
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 0
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 40589
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 0
Building Type
- Commercial
- Yes
- Other (See Remarks)
- Yes
Business Type
- Other
- Yes
- See Remarks
- Yes
Stories
- 2 Stories
- Yes
Pmt & Rate Info
- Cap Rate
- 6.58
- Down Payment
- 0
- Equity
- 8750000
- Total Owed
- 0
- Assessment Balance
- 0
Ceiling Height
- 8.1 Feet to 10 Feet
- Yes
Heating
- Electric
- Yes
- Natural Gas
- Yes
Cooling
- Central Air
- Yes
Interior Features
- Finished
- Yes
- Smoke Detector(s)
- Yes
- Security Light(s)
- Yes
- Private Restrooms
- Yes
- Public Restrooms
- Yes
Loading Facilities
- None
- Yes
Exterior
- Sprinkler System-Ground
- Yes
- Landscaping
- Yes
- Monument Sign
- Yes
Source of Fincl Data
- Owner
- Yes
Traffic Count
- Unknown
- Yes
Fencing
- Block
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Free
- Yes
Electric
- City Electric
- Yes
- Master Meter
- Yes
Gas
- Other (See Remarks)
- Yes
New Financing
- Cash Only
- Yes
- Owner May Carry
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Fixed
- Yes
Existing 1st Loan Terms
- Assume-No Qualify
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
- ALTA Survey Availbl
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Property Features
Building Type: Commercial; Other (See Remarks) Business Type: Other; See Remarks Stories: 2 Stories Construction: Stucco; Wood Frame Roofing: Tile Floors: Concrete; Wood; Carpet Ceiling Height: 8.1 Feet to 10 Feet Heating: Natural Gas Cooling: Central Air Loading Facilities: None Interior Features: Finished; Smoke Detector(s); Security Light(s); Private Restrooms; Public Restrooms Exterior: Sprinkler System-Ground; Landscaping; Monument Sign Fencing: Block Parking Features: Free Electric: City Electric; Master Meter Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Owner May Carry Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Assume-No Qualify Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Traffic Count: Unknown Environmental: None
Listing Office: United CountryReal Estate-Arizona Property & Auction
Last Updated: January - 07 - 2025
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