Sold
12800 N Saguaro Boulevard
Fountain Hills AZ, 85268
$7,645,000
$112.50 per sqft
Sold
67,953 sqft
Other
Built in 2005
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
5905710
MLSⓇ ID
March 4, 2019
Listed
March 20, 2024
Updated
Map
12800 N Saguaro Boulevard
Fountain Hills AZ, 85268
Interior Features
Floor Description
Other
Fireplace
No
Cooling
Yes
Cooling Description
See Remarks
Heating
Yes
Heating Description
Other, See Remarks
Exterior/Building Features
Lot Size
3.22 Acres
Roof
See Remarks
Sewer
Other
Other Property Details
Taxes
$84,995
Tax Frequency
Annually
Days on Market
168
Garage
No
Parking
Other (See Remarks)
Parking Total
100
View
No
County
Maricopa
Water Source
See Remarks
Pool
No
Zoning
C-2
Buyer Agency Compensation
3%
Courtesy of Sperry Commercial, Neil Sherman
Listing Contact: 602-695-6650
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Karas Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data Last Updated: 8:19 PM UTC, 3/20/2024.