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    Restaurant Building on Four Parcels Title is generated by Realmo AI

    621 W WICKENBURG Way, Wickenburg, AZ 85390

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    For Sale
    $695,000

    Well-established building with long-term tenant and expansion potential.

    Type:Commercial/Industrial
    Property size:
    2,418 SF
    Lot size:
    0.56 Acres
    Price / SF:
    $287/SF
    Added:
    Jan 16, 2025
    Days on Market:
    536
    Last Refresh:
    Jul 4 at 6:31 am

    Property Features for 621 W WICKENBURG Way

    General Information

    Standard status
    Active
    Size
    2,418 SF
    Lot size
    0.56 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1955

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    Nora Qorri

    Listing office Century 21 Arizona West

    Listing date Jan 16, 2025

    Source Exitrealty

    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 Century 21 Arizona West

    HighLights

    • Well‑established building with a long‑term (34+ year) Chinese restaurant tenant.
    • Includes 4 parcels, offering significant expansion potential.
    • C3 Zoning allows for a variety of commercial uses.
    • Building and all 4 parcels are included in the sale.
    • Tenant is open to signing a long‑term lease.
    • Current rental income of $3,200.00 per month.

    Overview

    This property features a well-established building currently occupied by a Chinese restaurant tenant with a 34+ year history. The building is situated on four parcels, offering potential for expansion. The current tenant is operating on a month-to-month lease due to the property being on the market, but they are open to a long-term lease arrangement. The current rent is $3,200.00 per month. The property is zoned C3 and the sale includes the building and all four parcels. The building size is 2418 square feet.

    Local Financial Insights For Specialty 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 $58.0k $24.00
    − Vacancy −$3.8k −$1.56
    EGI $54.3k $22.44
    − OpEx −$13.6k −$5.61
    NOI $40.7k $16.83
    2,418 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $581.4K
    $508.7K – $678.3K (±1% cap)
    NOI $40,695 @ 7.0% cap · market cap 5.86%
    Second Best
    Retail
    $435.5K
    $381.1K – $508.1K (±1% cap)
    NOI $30,487 @ 7.0% cap · market cap 4.39%
    Theoretical Best
    Office A
    $748.0K
    $654.5K – $872.6K (±1% cap)
    NOI $52,357 @ 7.0% cap · market cap 7.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sizzling Wok Restaurant

    Suggested Use

    Law Firm Bakery Tech Support Center Cosmetic Store Bar & Pub Acupuncture (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wickenburg
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.741261
    Latitude
    33.966126

    FAQs

    What type of property is this?
    Conventional restaurant - Well-established building with long-term tenant and expansion potential.
    Where is this conventional restaurant located?
    The property is located at 621 W WICKENBURG Way Wickenburg, AZ.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Well‑established building with a long‑term (34+ year) Chinese restaurant tenant.; Includes 4 parcels, offering significant expansion potential.; C3 Zoning allows for a variety of commercial uses.
    More about this property
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