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850 S State Route 89

Chino Valley, AZ 86323
  • $999,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: 1042445
UPDATED: 61 min ago
$999,000
  • 0
    BEDS
  • 0.78
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,000
    SQFT
  • $250
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1985
County:
Area:

School Ratings & Info

Description

Here's an opportunity that quietly produces a steady income on the area's principal north-south highway. This retail building was originally built as four 1,000 square foot suites. Long-term tenant Aroma Pizza is in three suites and The Ditch Beer & Wine Store is in the other. The 100%-leased, 4,000 square foot building producing a 6% cap rate will serve as a solid piece in any investment portfolio. The property, zoned Commercial Light, has great visibility with an average daily traffic count of 20,652 vehicles per day on State Route 89.

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© 2021 Prescott Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Iannelli & Associates Real Estate. Data last updated: 2021-10-19T22:50:54.517.
www.shellywatne.com/homes/121912746
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850 S State Route 89 Chino Valley, AZ 86323

  • Price: $999,000
  • Status: Active
  • Updated: 61 min ago
  • ID#: 1042445
0
Beds
0
Baths
0
½ Baths
0.78
Acres
4,000
SQFT
$250
$/SQFT
1985
Built
Neighborhood:
None
County:
Yavapai
Area:
Chino Valley
Property Description
Here's an opportunity that quietly produces a steady income on the area's principal north-south highway. This retail building was originally built as four 1,000 square foot suites. Long-term tenant Aroma Pizza is in three suites and The Ditch Beer & Wine Store is in the other. The 100%-leased, 4,000 square foot building producing a 6% cap rate will serve as a solid piece in any investment portfolio. The property, zoned Commercial Light, has great visibility with an average daily traffic count of 20,652 vehicles per day on State Route 89.
Exterior Features

Construction Block/Brick External Amenities FenceHandicap Access Lot Size 34096 Parking On-SiteTrailerTruck Roof Rolled/Hot Mop

Interior Features

Bathrooms InteriorPublicStaff Cooling Ceiling Fan(S) Flooring Vinyl Heating Natural Gas Internal Amenities BathroomFire/Smoke DetectorKitchen

Property Features

Building Type 2-4 UnitsFood ServiceRetail - Free StandRetail - Shopping Center Buildings 1 Business Location Commercial Strip Business Name Aroma Pizza & The Ditch Beer & Wine Business Type Pizza & Beer CAM 5000.00 Cap Percent 6.00 Ccr Fees 0.00 Comm Type Retail Commercial Amenities Ceiling Ht. 12-15Grade Level GRM 14.27 Gross Vol Yr 70020.00 Listing Exclusions No Management Owner Neighborhood N/A NOI 59083.00 Property Use Investment Prop Records Available Other - See Remarks Reo Or Short Sale Not Applicable Road Access And Maintenance Maint-StatePavedState Source Of Measurement County Assessor Tax Year 2020 Taxes 4608.00 Utilities Installed 220ElectricityTelephoneWater - CityWwt - Septic Vacancy Rate Percent 0.00 Zoning Cl Zoning Description Commercial Light

Listing information © 2021 Prescott Area Association of Realtors, Inc.
Listing provided courtesy of Matthew Fish of Better Homes And Gardens Real Estate Bloomtree Realty.


© 2021 Prescott Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Iannelli & Associates Real Estate. Data last updated: 2021-10-19T22:50:54.517.
 
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Iannelli & Associates Real Estate
11672 E Manzanita Trail
Dewey AZ, 86327