El Dorado Inn Suites

98 Room Hotel | Nogales, AZ 85621 | $7,500,000 ($76,531/Room)

Date Added:
September 16, 2024
Days on Market:
2 days

Asking Price $7,500,000

Property Type
Hospitality
Square Feet
58,119 SF

Listing Contacts

Rob Lamb
Rob Lamb
Verified Profile
  • Property Info

Property Overview

Overview: Well established hotel located along the historic Grand Avenue corridor that continues South to the major border entry and tourism zone of Nogales, Arizona. Investment opportunity with unlimited potential on a substantial 3.67 Acre property, 103 Room hotel with grand entry, large Lobby, Restaurant with Fully Equipped Large Commercial Kitchen, Bar, Banquet Facility, Billiards Room and Business Area. Stand alone building along Grand Avenue has 5 separate 1-bedroom 500+ SF Apartments with full kitchen, bathroom, and balcony. 3 commercial retail/office spaces with Grand Avenue frontage for lease income opportunities. Separate 50’x60’ utility building with 4 car Garage, commercial laundry, and storage. 100+ paved parking spaces for hotel with additional fully paved 1 Acre +/- lot for commercial truck drivers, Recreational Vehicles, Event Parking or Potential for additional Development.
Income Opportunities: Restaurant $5,000 - $6,000 month lease, GPN $30,000 - $40,000 Banquet/Meeting Facilities, Staging Area, Coolers $3,000 per event Five (1) Bedroom Apartments $12,000 each/annually Three Commercial Retail/Office Spaces $8,400 - $10,800 each/annually 103 Hotel Rooms all equipped with mini-fridges, microwaves, and tv’s Additional Lot could be developed.
Hotel: Covered Pavilion on Entry, Open Lobby with sitting area, front desk, and multiple back office spaces with separate employee restroom. Large Restaurant with fully equipped commercial kitchen, Separate fully furnished bar cocktail lounge, Large Dining Room, Separate Banquet/Meeting Facilities with staging area that overlooks Central Courtyard Pool and Spa. 103 Guest Rooms including 5 apartments, 4 handicap accessible rooms, additional rooms & storage for Housekeeping, Maintenance, Tech, Boiler Room & Storage.
Location: 5-minute drive from the Nogales, Arizona & Sonora, Mexico border 7 miles from Nogales International Airport 14 miles from Patagonia Lake State Park.

Property Details

Class
C
Year Built
1958
Stories
2
Property Subtype
Hotel
Lot Size (sq. ft)
159,865 SF
Units
98

Highlights

  • Full Service Motel
  • 103 Rooms
  • 5 Apartments
  • 3 Retail Spaces
  • 100+ Parking Spaces
  • Restaurant & Bar

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