Rooftop Restaurant and
1515 Marlboro Dr, Lake Havasu City, AZ 86403
For Sale
$2,695,000
Commercial Sale, Lake Havasu City, AZ
Property Size7,125 SF
Lot Size0.06 Acres
Price / SF$378.25
Days on Market600
Property Features for 1515 Marlboro Dr
General Information
Property type
Property subtype
Zoning description
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Utilities
Heating system
Cooling system
Water source
Amenities
lake views
elevator
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Mohave Realty
(928) 855-0101
Listed By:
Raul Ballas · License AZ SA677297000
(714) 686-0018
Added: Mar 24, 2025
Changed: Oct 1
Last Checked: Nov 13 at 4:06AM
MLS# 1034726
Copyright © 2026 Lake Havasu Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 7,125-square-foot restaurant and bar property includes rooftop space and multiple levels connected by elevator. The building was constructed in 1973 and is served by electric heating and cooling, with public water service. A Series 6 liquor license is available for inclusion with the property.
The site is positioned in Lake Havasu City with views toward the lake, London Bridge, and the Channel waterway. The rooftop setting supports restaurant, bar, and private-event operations, subject to applicable approvals and licensing requirements. The property occupies approximately 0.06 acres at 1515 Marlboro Dr.
The site is positioned in Lake Havasu City with views toward the lake, London Bridge, and the Channel waterway. The rooftop setting supports restaurant, bar, and private-event operations, subject to applicable approvals and licensing requirements. The property occupies approximately 0.06 acres at 1515 Marlboro Dr.
Key Highlights
- 7,125‑square‑foot rooftop restaurant and bar property
- Views of the lake, London Bridge, and Channel waterway
- Elevator access serves all levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,935
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,798,700
$1.8M
Cap Rate 7%
$1,284,786
$1.3M
Cap Rate 9%
$999,278
$999.3K
Market Conditions
NOI Build-Up for 7,125 SF
Gross rent
$128.3K $18.00/SF
− Vacancy
−$8.3K −$1.17/SF
EGI
$119.9K $16.83/SF
− OpEx
−$30.0K −$4.21/SF
NOI
$89.9K $12.62/SF
Area
Mohave County, AZ
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,798,700
Cap Rate 7%
$1,284,786
Cap Rate 9%
$999,278
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,935 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,355 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,529
Businesses Nearby
417k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 15%
Apparel 11%
Groceries 8%
In-N-Out Burger
Dining
39,494 visits/mo
0.1 miles
Ross Dress for Less
Apparel
35,975 visits/mo
0.3 miles
Safeway
Groceries
34,599 visits/mo
0.4 miles
McDonald's
Dining
24,894 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
22,167 visits/mo
0.3 miles
Demographics for 86403, AZ
17,787
Population
11,604
Households
1.5
Avg Household Size
53
Median Age
18%
College-Educated
89%
High-School Grad
11.0 sq mi
ZIP Area
1,617
Density / Sq Mi
$57,531
Median Household Income
$33,368
Median Earnings
$1,152
Median Rent
$313,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Mohave County, AZ
Properties on Market for Conventional restaurants in Mohave County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Multi-level hospitality property with elevator access, lake views, and a Series 6 liquor license available for inclusion.
Where is this conventional restaurant located?
The property is located at 1515 Marlboro Dr Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: 7,125‑square‑foot rooftop restaurant and bar property; Views of the lake, London Bridge, and Channel waterway; Elevator access serves all levels
