For Sale $6,400,000
Property Type Other
Property Size 29,252 SF
Units 64
Lot Size 2.95 Acre
Year Built 1998
Date Updated Apr 29, 2024

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.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.

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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

Contacts

Jigar "Jay" Desai

NewGen Advisory

(520) 664-4091

Location

Getting Around

Walk Score ®
56/100 Somewhat Walkable
Transit Score ®
41/100 Some Transit
Bike Score ®
48/100 Somewhat Bikeable

City Phoenix, AZ
Neighborhood Maryvale
Zip Code 85035
Market Phoenix

Points of Interest

19th Ave/ Camelback

5.30 miles
19th Ave/ Montebello

5.74 miles
McDowell/ Central Ave

5.77 miles
Van Buren/ 1st Ave

5.77 miles
Roosevelt/Central

5.78 miles
Encanto/ Central Ave

5.80 miles
Jefferson/ 1st Ave

5.82 miles
Van Buren/ Central Ave

5.84 miles
Washington/ Central Ave

5.88 miles
Thomas/ Central Ave

5.88 miles

Circle K

0.25 miles
QuikTrip

0.43 miles
Circle K

0.70 miles
Arco

1.07 miles
Shell

1.30 miles
Circle K

1.30 miles
Arco

1.38 miles
Circle K

1.63 miles
Chevron

1.65 miles
Circle K

1.67 miles

tractor trailer parking

1.88 miles
tractor trailer parking

1.97 miles
33rd Ave Parking Garage

3.98 miles
Halo Parking Garage

4.09 miles
Grove Parking Garage

4.20 miles
31st Ave Garage

4.21 miles
Secondary Parking Lot

4.22 miles
29th Ave Garage

4.25 miles
State of Arizona parking structure

4.51 miles
Missouri Garage

4.61 miles

Budget Inn

0.01 miles
Days Inn

0.04 miles
Motel 6

0.08 miles
Red Roof Inn

0.14 miles
Holiday Inn

0.20 miles
Super 8 Phoenix West I-10

0.22 miles
Comfort Inn I-10 West At 51st Ave

0.30 miles
Travelodge by Wyndham Phoenix

0.40 miles
La Quinta Inn & Suites by Wyndham Phoenix I-10 West

0.42 miles
Sav-On Motel

2.01 miles

El Güero Canelo

0.21 miles
McDonald's

0.24 miles
Burger King

0.25 miles
Sonic

0.34 miles
Rainbow Donuts

1.09 miles
Filiberto's Mexican Food

1.21 miles
Pizza Hut

1.24 miles
KFC

1.29 miles
Subway

1.29 miles
Jack in the Box

1.60 miles

Charles W. Harris School

0.55 miles
Byron A Barry School

1.03 miles
Cartwright School

1.21 miles
Sunridge Elementary School

1.27 miles
Palm Lane North School

1.36 miles
Mitchell Elementary School

1.46 miles
Justine Spitalny School

1.74 miles
Frank Borman Middle School

1.75 miles
Maryvale High School

1.77 miles
Alta E Butler School

1.88 miles

Robins Nest Child Care

2.76 miles
Amigo Preschool

2.97 miles
Sunrise Pre-School

3.88 miles
Tots Unlimited

6.20 miles
Sunrise Preschool

6.29 miles
Tutor Time

6.30 miles
Brighton School Kindergarten

7.37 miles
Mind & Body Kids

7.85 miles
Today’s Tomorrow Learning Center

8.24 miles
Teach N' Fun

8.95 miles

Frequently Asked Questions

What is the lease rate for Budget Inn Phoenix?

Rental asking rate at Budget Inn Phoenix is $3,200,000.00/YR.

What is the total square footage of Budget Inn Phoenix?

Budget Inn Phoenix totals 29,252 square feet.

When was this property built?

Budget Inn Phoenix was built in 1998.

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