C-2 Zoned Restaurant
For Sale
$1,190,000
1601 Industrial Blvd, Lake Havasu City, AZ 86403
Commercial Sale, Lake Havasu City, AZ
Property Size4,430 SF
Lot Size0.22 Acres
Price / SF$268.62
Days on Market427
Property Features for 1601 Industrial Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
L-C-2 General Commercial
Subdivision
Lake Havasu City
Directions
Heading south on Highway 95 turn right on Industrial Blvd. Property is on the right.
Standard status
Active
APN
106-24-009
Size
4,430 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TRACT: 2181 LAKE HAVASU CITY TR 2181 BLK 2 LOT 1
Tax Annual Amount
3035
Legal Description
TRACT: 2181 LAKE HAVASU CITY TR 2181 BLK 2 LOT 1
Building Details
Year built
1987
Floors in Building
1
Number of units
1
Listing Agency:
Selman And Associates
(928) 855-5555
Listed By:
Moises Ortiz
(407) 803-3809
Added: Aug 18, 2025
Changed: Oct 8
Last Checked: Oct 18 at 5:06PM
MLS# 1036793
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.
The restaurant property contains 4,430 square feet on a 0.22-acre parcel and was built in 1987. It is currently operating as a Mexican restaurant, with parking on site.
Located at 1601 Industrial Blvd in Lake Havasu City, the property is a short drive from a boat launch area. C-2 zoning applies to the site.
Located at 1601 Industrial Blvd in Lake Havasu City, the property is a short drive from a boat launch area. C-2 zoning applies to the site.
Key Highlights
- 4,430‑square‑foot restaurant building on a 0.22‑acre parcel
- Currently operating as a Mexican restaurant
- C‑2 commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,918
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,360
$1.1M
Cap Rate 7%
$798,829
$798.8K
Cap Rate 9%
$621,311
$621.3K
Market Conditions
NOI Build-Up for 4,430 SF
Gross rent
$79.7K $18.00/SF
− Vacancy
−$5.2K −$1.17/SF
EGI
$74.6K $16.83/SF
− OpEx
−$18.6K −$4.21/SF
NOI
$55.9K $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%
$1,118,360
Cap Rate 7%
$798,829
Cap Rate 9%
$621,311
Alternative Uses
Best Use
Specialty Retail
$798.8K
$699.0K – $932.0K
NOI $55,918 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$989.1K
$865.5K – $1.15M
NOI $69,236 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
48k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 47%
Apparel 2%
Home Improvements & Furnishings 2%
Culver's
Dining
18,053 visits/mo
0.3 miles
Circle K
Shops & Services
11,689 visits/mo
0.3 miles
The Human Bean
Dining
4,479 visits/mo
0.4 miles
76
Shops & Services
3,382 visits/mo
0.1 miles
Big O Tires
Shops & Services
2,901 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The commercial zoning and existing restaurant setup support continued restaurant use or a new concept.
Where is this conventional restaurant located?
The property is located at 1601 Industrial Blvd Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 4,430‑square‑foot restaurant building on a 0.22‑acre parcel; Currently operating as a Mexican restaurant; C‑2 commercial zoning
