Two-Level Restaurant and
1519 Queens Bay, Lake Havasu City, AZ 86403
For Sale
$2,750,000
Commercial Sale, Lake Havasu City, AZ
Property Size9,034 SF
Lot Size0.50 Acres
Price / SF$304.41
Days on Market407
Property Features for 1519 Queens Bay
General Information
Property type
Property subtype
Zoning description
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Amenities
banquet room
elevator
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
Brooks-Clark And Assoc.
(928) 505-2522
Listed By:
Suzannah Ballard · License AZ SA116800000
(928) 727-0037
Added: Sep 30, 2025
Changed: Oct 31
Last Checked: Nov 10 at 12:06PM
MLS# 1037421
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,034-square-foot restaurant property occupies 0.5 acres in Lake Havasu City. The two-level layout includes a banquet room and elevator, with ceramic tile, full carpeting, and concrete flooring across the building. Construction uses wood frame and stucco materials, and the property was built in 1986.
Building systems include central electric heating and central air conditioning, with public water service. The property’s configuration provides a defined restaurant and bar setting with dedicated banquet space within the existing improvements.
Building systems include central electric heating and central air conditioning, with public water service. The property’s configuration provides a defined restaurant and bar setting with dedicated banquet space within the existing improvements.
Key Highlights
- 9,034 square feet on a 0.5‑acre site
- Two‑level restaurant and bar configuration
- Banquet room and elevator included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,032
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,280,640
$2.3M
Cap Rate 7%
$1,629,029
$1.6M
Cap Rate 9%
$1,267,022
$1.3M
Market Conditions
NOI Build-Up for 9,034 SF
Gross rent
$162.6K $18.00/SF
− Vacancy
−$10.6K −$1.17/SF
EGI
$152.0K $16.83/SF
− OpEx
−$38.0K −$4.21/SF
NOI
$114.0K $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%
$2,280,640
Cap Rate 7%
$1,629,029
Cap Rate 9%
$1,267,022
Alternative Uses
Best Use
Specialty Retail
$1.63M
$1.43M – $1.90M
NOI $114,032 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.76M – $2.35M
NOI $141,191 @ 7.0% cap · market cap 5.13%
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
1,394
Businesses Nearby
379k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 16%
Apparel 12%
Groceries 9%
In-N-Out Burger
Dining
39,494 visits/mo
0.3 miles
Ross Dress for Less
Apparel
35,975 visits/mo
0.4 miles
Safeway
Groceries
34,599 visits/mo
0.3 miles
McDonald's
Dining
24,894 visits/mo
0.1 miles
Dutch Bros. Coffee
Dining
22,167 visits/mo
0.4 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
$313,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Two-level property includes a banquet room and elevator.
Where is this conventional restaurant located?
The property is located at 1519 Queens Bay Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 9,034 square feet on a 0.5‑acre site; Two‑level restaurant and bar configuration; Banquet room and elevator included
