Retail Storefront with Adjacent
113 N Main Street Eloy, AZ 85131
113 N Main Street, Eloy, AZ, 85131
$190,000
For Sale
$190,000
Retail storefront property zoned C-1, sold as-is, with an adjacent lot included in the sale for added space.
Property Size1,269 SF
Price / SF$149.72
Days on Market128
Property Features for 113 N Main Street
General Information
- Standard status
- Active
- Size
- 1,269 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
HomeSmart
(602) 446-4015
Listed by
Sandra Esquivias · License #SA658869000
(602) 446-4015
Source
Aznewhorizonrealty
Added: Mar 17 Updated: Jul 22 at 3:57AM Checked: Jul 22 at 3:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart
Investment Insights
Based on property information with market context.
Retail storefront property located at 113 N Main Street in Eloy, AZ, offered for sale as-is. The property is zoned C-1 for commercial use and includes flexibility for accommodating a small business.
In addition to the storefront, the adjacent lot (Parcel #405-03-006B) is included in the sale. This provides added space and expanded possibilities compared to a standalone retail parcel.
The property is being sold as-is, and buyers should conduct their due diligence regarding condition and suitability for their intended use.
In addition to the storefront, the adjacent lot (Parcel #405-03-006B) is included in the sale. This provides added space and expanded possibilities compared to a standalone retail parcel.
The property is being sold as-is, and buyers should conduct their due diligence regarding condition and suitability for their intended use.
Key Highlights
- Retail storefront property built in 1950
- Zoned C‑1 for commercial use
- Adjacent lot (Parcel #405‑03‑006B) is included in the sale
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $15.00 |
| − Vacancy | −$1.2k | −$0.98 |
| EGI | $17.8k | $14.03 |
| − OpEx | −$5.3k | −$4.21 |
| NOI | $12.5k | $9.82 |
1,269 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$178.0K
$155.7K – $207.6K
NOI $12,458 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.8K
$307.0K – $409.3K
NOI $24,558 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Janet's Flower Shop — 102 E Phoenix Ave, Eloy, AZ 85131
- Isabel's Flower Shop — 321 N Main St, Eloy, AZ 85131
FAQs
What type of property is this?
Storefront property - Retail storefront property zoned C-1, sold as-is, with an adjacent lot included in the sale for added space.
Where is this storefront property located?
The property is located at 113 N Main Street Eloy, AZ.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Retail storefront property built in 1950; Zoned C‑1 for commercial use; Adjacent lot (Parcel #405‑03‑006B) is included in the sale
