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$1,550,000
0
Beds
0
Baths
0
Sqft
805 White Spar Road, Prescott, Arizona, 86303
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MLS# 1079872
Exceptional investment opportunity in the heart of downtown
$1,550,000
805 White Spar Road, Prescott, Arizona, 86303
0
Beds
0
Baths
0
Sqft
0.360
Acres
$1,550,000
805 White Spar Road, Prescott, Arizona, 86303
0 Beds
0 Baths
0 Sqft
0.360 Acres
Accessibility Features
Accessible Approach with Ramp
Exceptional investment opportunity in the heart of downtown Prescott! The historic Cascade Motel, originally built in 1946, has undergone a comprehensive interior and exterior renovation in 2024/2025 and is now in excellent, turnkey condition. This 11-unit lodging property consists of three separate, adjacent buildings totaling approximately 3,733 SF, situated on +/-0.36 acres with BG (Business General) zoning. The unit mix includes ten fully renovated studio guest rooms and one 1-bedroom suite currently utilized as an on-site manager's office/residence. All units offer Wi-Fi, cable, and utilities included. Recent interior upgrades include new doors and windows, mini-split HVAC systems, digital door locks, vinyl plank flooring, updated cabinetry and countertops, new sinks and showers, modern lighting, and fresh paint throughout. Exterior improvements feature a new parking lot and concrete walkways, updated landscaping, outdoor patio space, enhanced exterior lighting, security camera system, six new water heaters, and new fencing. Additional amenities include a shared kitchen area, storage room, and a newly constructed laundry facility with four coin-operated washers and dryers, folding table, coin change machine, and laundry accessory vending machine. The property provides 11 on-site parking spaces plus additional parking at the southeast corner of the parcel. Flexible BG zoning allows for multiple operational options, including apartment rentals, daily/weekly/monthly lodging, group home, or other specialty multi-family uses (buyer to verify). A rare owner-operator or investment opportunity in a prime downtown location. Currently operated as mid-term rental (weekly to monthly) with solid occupancy. The CAP rate of 7.85% includes a 5% vacancy factor and 5% repair/reserve factor. Management in place that can transfer to new owner.
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Property Details
0 Beds
0 Baths
0 Sqft
Built 1985
0.360 Acres
No Patio
Electric (Heating)
Siding : Frame, Stucco
Asphalt Roof
$1,728 Property Tax
Yavapai County
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Location
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Ad Statistics
Ad Number
7332574
Viewed
8 times
Added
Feb 27, 2026
Updated on
Feb 27, 2026
Listing Information
Data Source
Prescott Area Association of Realtors®
Source Property ID
1079872
Compliance
Listing Agent: Travis R Bard, Keller Williams Arizona Realty, 928-710-7007, 928-421-4550, Listing Status: Active
Copyright © 2025 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2025 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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