Vacant Hotel Property for Sale in Phoenix, AZ

This is an off-market, vacant hotel property located in Phoenix, Arizona. Situated in the desirable Manhattan Flatiron District, it boasts proximity to iconic landmarks such as Madison Square Garden and the Empire State Building, and is conveniently located 9.5 miles from La Guardia International Airport. The property features a vacant retail space and has recently reopened after being closed for over two years. A significant advantage is the ongoing land lease with 83 years remaining, at an annual cost of $850,000. This offering presents a unique opportunity for investors or developers looking to acquire a substantial commercial real estate asset in a prime location. The asking price for this property is $17,910,000.