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28283397
28283395

315 E Andy Devine Ave, Kingman, AZ 86401

AA
Fleischmann AZ Investment Corp.
Listed by Fleischmann AZ Investment Corp.
$2,500,000
200 days on market
Updated 104 days ago

Historic Brunswick

Details
Property Type Hospitality, Mixed Use
Sub Type Hotel
Square Footage 14,805
Cap Rate 2.36%
NOI $58,896
Occupancy 50%
Tenancy Multi
Price per SqFt $169
Year Built 1909
Year Renovated 2024
Buildings 2
Stories 3
Acreage 0.220
Zoning C3
Investment Type Owner/User
Ownership Business Value Included
Sale Condition For sale by owner

Hospitality | 2.36% CAP

Marketing description

The Brunswick Hotel at 315 E Andy Devine Avenue was founded and constructed in 1909 and now offers a unique mixed-use opportunity to own a truly historic property that has been partially renovated. The renovated ground floor has an existing casual dining room, an Italian fine-dining restaurant, and a lovely art gallery. Two hotel floors are waiting to be transformed into apartments. Also included in the sale are two detached long-term stay studios rented by Airbnb.

Garibaldi’s Restaurant has been serving authentic Italian cuisine since 2016, with a fully equipped kitchen and dining space for approx. 50 guests. The restaurant expanded into the historic Brunswick Hotel, blending fine dining with old-world charm. This spot represents a prime investment with a long-term tenant.

Located in The Brunswick Hotel’s former lobby, the Silver & Stone Art Gallery, is a vibrant gallery and office space home to local artists showcasing handcrafted jewelry, paintings, and sculptures. A unique commercial space with steady foot traffic and strong community ties, perfect for investment in Kingman’s growing arts district.

The second floor of the Brunswick Hotel is primed for transformation. Stripped down to its original framework, the space is ready for development into boutique hotel rooms, office suites, or luxury apartments. Restoration plans have already been drawn up for a seamless transition.

Like the second floor, the third floor of the Brunswick Hotel is a blank canvas. Investors can bring this historic space to life, restoring its architectural beauty while adapting it formodern uses. Whether residential, commercial, or boutique hospitality, the potential is vast.

Beneath the Brunswick Hotel lies a basement area with varied uses, from service storage to a potential wine cellar or speakeasy-style lounge. The basement's cool, underground atmosphere makes it an intriguing asset for future development.

Vacation rentals at the Old Trail Garage encompass two fully furnished studio apartments that sit behind the Brunswick Hotel, offering modern comforts with historic charm. Each unit includes a kitchenette, a queen-size bed, a sleeper sofa, and a private courtyard. This is a chance to own a lucrative short-term rental in Kingman’s tourist district.

Don't miss out on owning a wonderful combination of existing income and potential ideas.

Investment highlights

  • Own a partially restored gem with a renovated first floor, a new roof, a fully restored restaurant, two Airbnb rentals, and blank canvases.

  • Generate income through Garibaldi’s Italian Restaurant, a turnkey 1,800-SF fully equipped asset offering a taste of Italy in a historic setting.

  • Be immersed in the Silver & Stone Art Gallery, a 1,350-SF commercial creative hub in the Brunswick Hotel, providing a steady income stream.

  • Secure steady short-term rental income through two charming Airbnb studios with courtyard access in a growing tourist destination.

  • Start a customizable commercial project on the two stripped-down, 3,500-SF floors for repurposing into hotel rooms, offices, or residential units.

  • Presenting an opportunity for storage, specialized use, or commercial expansion in the 1,500-SF underground basement and crawl space.

Listing Contacts

AA
Fleischmann AZ Investment Corp.
Listed by Fleischmann AZ Investment Corp.

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$58,896.00
$4,908.00/mo

Valuation Metrics

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DSCR
2.36%
Cap Rate
2.36%
ROI

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