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12800 N Saguaro Blvd, Fountain Hills, AZ 85268
0 Beds
0 Baths
67,953 sqft

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Sperry Commercial is pleased to present for sale the well-located and impeccably well-maintained LakeShore Hotel & Suites, a 104 room full service hotel located in the heart of Fountain Hills, AZ. Originally built as a Holiday Inn and converted to a Lexington Hotel in January, 2014, the property is presently named Lakeshore Hotel & Suites and is unencumbered by any franchise agreements. Listed at a price of $8,500,000, with an existing Credit Union loan of +/-$4,500,000. This loan may be paid off at close of escrow subject to a small prepayment penalty (see Listing Broker for details regarding this financing). *Minimal Competition in Area*Originally Built to Holiday Inn Specifications in 2005 *Not Burdened by Current Franchise Agreement *Situated On 3 Acres of Prime Downtown Land
  • Price:
  • $8,500,000
  • Square Footage:
  • 67,953
  • Acreage:
  • 3.22
  • Year Built:
  • 2005
  • Listing ID #:
  • 5905710
  • Street Address:
  • 12800 N Saguaro Blvd
  • City:
  • Fountain Hills
  • State:
  • Arizona
  • Postal Code:
  • 85268
  • County:
  • Maricopa
  • Subdivision:
  • Fountain Hills Arizona Fp No 208 Blk 7 Replat
  • Listing Status:
  • Active
  • Ceiling Height:
  • 8.1 Feet To 10 Feet, 10.1 Feet To 12 Feet
  • Construction Description:
  • Other (see Remarks)
  • Dwelling Type:
  • Commercial, Other (see Remarks)
  • Flooring:
  • Other (see Remarks)
  • Interior Features:
  • Other (see Remarks)
  • Stories:
  • 3 - 4 Stories
  • Total Building Square Footage:
  • 67953
  • Type Of Roof:
  • Other (see Remarks)
  • Year Built:
  • 2005
  • Operating Expense:
  • 84995.00
  • Conforms To Zoning:
  • C-2
  • Existing Land Use:
  • Restaurant, Other (see Remarks)
  • Lot Square Footage:
  • 140062.00
  • Property Taxes:
  • $84,995
  • Fence:
  • Other (see Remarks)
  • Parking Description:
  • Other (see Remarks)
  • Parking Spaces:
  • 100.00
  • Uncovered Parking Spaces:
  • 100.00
  • Cooling System:
  • Other (see Remarks)
  • Electricity:
  • Other (see Remarks)
  • Existing Water:
  • Other (see Remarks)
  • Gas:
  • Other (see Remarks)
  • Heating:
  • Other (see Remarks)
  • Sewage Type:
  • Other (see Remarks)
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listings Provided by Sperry Commercial
  • ARMLS