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82 Valentine St Wickenburg, AZ 85390

Sponsored
For Sale
$798,000

High-Yield, 3-Unit Investment Opportunity

Description

Added:
Feb 3, 2025
Days on Market:
353
This exceptional 3-unit commercial center, nestled in the vibrant heart of downtown Wickenburg, Arizona, presents a compelling investment opportunity. Built in 1941 and extensively remodeled in 2005, the property boasts a charming old-west aesthetic with wood lodgepole posts and a wood tongue-and-groove covered walkway. The 0.08-acre lot enjoys a prime location adjacent to Anita's Cantina and across from retail shops and the city complex, ensuring high visibility and strong pedestrian traffic. Currently 100% occupied, the property generates a net operating income (NOI) of approximately $48,500 annually, translating to an approximate 6.1% capitalization rate in 2024. The leases include a 3% annual increase, providing consistent growth potential. Tenants consist of a real estate office, an insurance office, and a retail blinds and window coverings business, offering a diverse and stable tenant mix. Ample public street parking and nearby parking lots provide convenient access for customers and employees. This turnkey investment property offers a rare blend of historical charm, modern functionality, and exceptional location in a thriving downtown area. The property's strong cash flow and prime location make it an ideal addition to any investment portfolio. Please note that the property is currently fully occupied, and tenant contact is discouraged.

Property Features for 82 Valentine St

General Information

Property type
Other commercial real estate
Lot Size
3,485 SF

Building Details

Year Built
1941

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Listing Contact
William P Clarkson

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Property Insight Report

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Current Use by Public Records

Kia Stahly Realty Real Estate Agent Tammy Eads Real Estate Agent Randi Bowser PLLC Real Estate Consultant Lisa Jones Realtor Real Estate Agent Wickenburg Living Connie ... Real Estate Agent

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Wickenburg
County
Maricopa
State
Arizona
Longitude
-112.7294
Latitude
33.97017

FAQs

What type of property is this?
Commercial real estate - High-Yield, 3-Unit Investment Opportunity
Where is this commercial real estate located?
The property is located at 82 Valentine St Wickenburg, AZ.
What is the asking price?
The asking price for this property is $798,000.
More about this property
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