9440 N State Route 89A, Sedona, Arizona
9440 N State Route 89A, Sedona, Arizona 86336 - This historic landmark resort in the heart of Oak Creek Canyon was built between 1925-1945 by Don Hoel, one of the pioneers of Sedona. The entire resort has been renovated and rezoned to resort-commercial with a fully operating market and cafe serving breakfast and lunch. It is profitable with a Cap Rate of 8% this year.The resort has 18 cabins, 4 Employee Cabins, a Residence, a Market/Cafe, Lobby Building, Dining Hall/Kitchen. Approved plans for 5 more cabins and a new owner's Residence.Although next to the creek, all buildings are out of the floodplain.
Listing Courtesy of Russ Lyon Sotheby's International Realty