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.
-
0BEDS
-
0.78ACRES
-
0BATHS
-
01/2 BATHS
-
4,000SQFT
-
$250$/SQFT
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.
© 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.