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Home > 541 Main Street, Jerome, AZ 86331 (MLS# 6942995)

541 Main Street, Jerome, AZ 86331

$1,292,400
Property Type: Comm/Industry Sale Square Footage: 2,400 Lot Size (sq. ft.): 2,493 Status: Active
Current Price: $1,292,400 List Date: 11/05/2025 Last Modified: 11/18/2025

Description

The world famous Ghost City Inn in Jerome is available for sale! Perfectly turn-key profitable business, housed in one of the most spectacular buildings in The Wickedest City in the West - Jerome! The Ghost City Inn is one of the oldest surviving structures in Jerome, built in 1885, on the Historic Register. You'll own 6 hotel suites, plus an upstairs and a downstairs lobby, open or private decks and sitting spaces, the kitchen and laundry room and office and shed and best of all, EVERYTHING NEEDED TO RUN THE BUSINESS! Everything that you see when you view this wonderful opportunity is included in the sale except what's listed in ''more.'' Includes Ghost City Inn trade name and website. Seller is a licensed real estate agent in Arizona, inactive. Click ''More,'' please.

Supplements: Google "Ghost City Inn Jerome AZ" for more pictures. Parking is always the question in Jerome, right? The Ghost City Inn parking is grandfathered "no restrictions." She's also exempt from ADA physical mobility issue requirements due to her historical status. Everything that you see is included in the sale EXCEPT: Personal tools etc in shed, Personal family pictures, the dolls in the upper lounge. From The Jerome Historical Society's archivist: "Known as the Garcia House, a porched residence build around 1885 to quarter mine management. In the 1930s a bootleg still exploded that caused the 2nd floor to burn. The owners from 1920 - 1970 were the Garcias. Late in the 1970s the downstairs was made into an art gallery (Arabesque) and the building was briefly an ashram. Later gourmet evening dining was downstairs at Maude's, when the owner's residence was upstairs. They remodeled the downstairs into an apartment after they moved Maudes uptown to serve lunches only. Maude was the name of the cat they owned."

More Information MLS# 6942995

Contract Info

Ownership: Fee Simple Current Price: $1,292,400 List Price: $1,292,400 Status: Active List Date: 2025-11-04

Location, Tax & Legal

Assessor's Map #: 6 Legal Description (Abbrev): LOTS 9 10 JEROME BOOK 2 PAGE 18 Assessor's Parcel #: 93 Add'l Parcels: No Tax Municipality: Jerome Census Tract: 1900 Taxes: 2692 Tax District: Jerome Legal: The surface to a depth of 25 feet of lots 9 and 10 Block 11 TOWN OF JEROME Marketing Name: Ghost City Inn, Jerome AZ House Number: 541 Street Name: Main St Suffix: Street City/Town Code: Jerome State/Province: AZ Zip Code: 86331 County Code: Yavapai Subdivision: TOWN OF JEROME Assessor Number: 401-06-093 Tax Year: 2024

General Property Description

Type of Property: Hotel Ttl Apx SqFt Bldg: 2400 # of Buildings: 1 Uncvrd Parking Spcs: 0 Stories: 2 # of Interior Levels: 2 Flood Zone: No Year Built: 1885 Zoning: C-1

Currently Not Used

Sold Price Per SqFt: 538.5

Legal Info

Range: 03E Section: 16N Township: 23 Lot Number: 9,10

Construction

Wood Frame: 1

Roofing

Metal: 1

Floors

Vinyl: 1 Wood: 1 Carpet: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 2692 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 224400

Building Type

Commercial: 1 Other (See Remarks): 1

Business Type

Other: 1 See Remarks: 1

Pmt & Rate Info

Cap Rate: 9.59 Equity: 1292400 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1

Lockbox Type

None: 1

Ceiling Height

10.1 Feet to 12 Feet: 1 14.1 Feet to 16 Feet: 1

Heating

Heat Pump: 1 Electric: 1 Natural Gas: 1 2 or More Units: 1

Cooling

Mini Split: 1 Central Air: 1 Heat Pump: 1 Window/Wall Unit: 1 Ceiling Fan(s): 1

Interior Features

Finished: 1 Smoke Detector(s): 1 Security System: 1 Security Light(s): 1 Alarm System: 1 Phone Available: 1 Private Restrooms: 1 Other (See Remarks): 1

Loading Facilities

None: 1

Appliances Included

Dishwasher: 1 Microwave: 1 Refrigerator: 1

Road Access Type

State Road: 1

Road Surface Type

Paved: 1

Exterior

Dual Street Ftg: 1 Sprinkler System-Ground: 1 Landscaping: 1 Rain Gutters: 1 Curb(s) & Gutter(s): 1 Building Sign: 1 Sidewalk(s): 1 Security Light(s): 1

Source of Fincl Data

Owner: 1

Traffic Count

Unknown: 1

Fencing

Other: 1

Water Source

City Franchise: 1

Freeway/Highway

Frontage: 1

Building Features

Patio/Deck: 1 Reception Room: 1 Kitchen: 1 Fiber Optic Availble: 1 Other (See Remarks): 1

Sewer

Sewer - Public: 1

Parking Features

Free: 1 Off Street: 1 See Remarks: 1

Electric

APS: 1

Gas

Unisource: 1

New Financing

Cash to Loan: 1 Owner May Carry: 1

Existing 1st Loan

Private: 1

Existing 1st Loan Terms

Non Assumable: 1 No Prepay Penalty: 1

Existing 2nd Loan

SBA: 1

Existing 2nd Loan Type

Fixed: 1

Existing 2nd Loan Terms

Non Assumable: 1

Existing 3rd Loan

SBA: 1

Existing 3rd Loan Type

Fixed: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Existing 3rd Loan Terms

Non Assumable: 1

Environmental

None: 1

Contact Info

List Agent Home Phn: 928-300-9031

Remarks Misc

Directions: Main Street Jerome. Geo Lat: 34.748904 Geo Lon: -112.114457

Income Expenses

Gross Annual Sch Inc: 224400 Net Operating Income: 124000

Property Features

Building Type: Commercial; Other (See Remarks) Business Type: Other; See Remarks Construction: Wood Frame Roofing: Metal Floors: Vinyl; Wood; Carpet Ceiling Height: 10.1 Feet to 12 Feet; 14.1 Feet to 16 Feet Heating: Natural Gas; Heat Pump; 2 or More Units Cooling: Mini Split; Central Air; Window/Wall Unit; Ceiling Fan(s); Heat Pump Loading Facilities: None Interior Features: Finished; Smoke Detector(s); Security System; Security Light(s); Alarm System; Phone Available; Private Restrooms; Other (See Remarks) Exterior: Dual Street Ftg; Sprinkler System-Ground; Landscaping; Rain Gutters; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Security Light(s) Fencing: Other Building Features: Patio/Deck; Reception Room; Kitchen; Fiber Optic Availble; Other (See Remarks) Appliances Included: Dishwasher; Microwave; Refrigerator Parking Features: Free; Off Street; See Remarks Road Access Type: State Road Electric: APS Gas: Unisource Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash to Loan; Owner May Carry Showing Notification Methods: Text Lockbox Type: None Source of Fincl Data: Owner Existing 1st Loan: Private Existing 1st Loan Terms: Non Assumable; No Prepay Penalty Existing 2nd Loan: SBA Existing 2nd Loan Type: Fixed Existing 2nd Loan Terms: Non Assumable Existing 3rd Loan: SBA Existing 3rd Loan Type: Fixed Existing 3rd Loan Terms: Non Assumable Road Surface Type: Paved Traffic Count: Unknown Environmental: None

Documents

Listing Office: Realty ONE Group Mountain Desert
IDX
Last Updated: November - 18 - 2025
Broker Attribution: 928-300-9031
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