Downtown Mixed-Use
For Sale
Contact for pricing
2088/2098 Mcculloch Blvd N, Lake Havasu City, AZ 86403
MU-UMS zoning and a flexible interior layout support a range of commercial configurations.
Property Size4,930 SF
Price / SF$1.70
Days on Market179
Property Features for 2088/2098 Mcculloch Blvd N
General Information
Standard status
Active
Size
4,930 SF
Property subtype
General Commercial
Zoning
MU-UMS
Additional Details
Road Access
Yes
Building Details
Year Built
1979
Buildings
1
Listing Agency:
Realty ONE Group Mountain Desert-LH
(928) 680-7350
Listed By:
Randy Shuffler · License #SA535036000
(928) 230-5982
Source:
Havasulifeproperties
Added: May 7
Changed: Oct 31
Last Checked: Oct 31 at 12:43PM
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 Realty ONE Group Mountain Desert-LH
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Investment Insights
Based on property information with market context.
This 4,930-square-foot commercial building, constructed in 1979, has two main-street entrances, a rear entrance, two restrooms, an office area, and storage. The interior can be configured as one space or divided into two units while retaining its street-facing presentation.
The property sits on McCulloch Blvd N in downtown Lake Havasu City, next to Booby Falls Restaurant & Rodeo. Front and rear parking serve the building, which is zoned MU-UMS (Uptown McCulloch Main Street).
The property sits on McCulloch Blvd N in downtown Lake Havasu City, next to Booby Falls Restaurant & Rodeo. Front and rear parking serve the building, which is zoned MU-UMS (Uptown McCulloch Main Street).
Key Highlights
- 4,930‑square‑foot building constructed in 1979
- Two main‑street entrances plus a rear entrance
- Interior can be divided into two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,261
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,220
$865.2K
Cap Rate 7%
$618,014
$618.0K
Cap Rate 9%
$480,678
$480.7K
Market Conditions
NOI Build-Up for 4,930 SF
Gross rent
$76.9K $15.60/SF
− Vacancy
−$7.7K −$1.56/SF
EGI
$69.2K $14.04/SF
− OpEx
−$26.0K −$5.27/SF
NOI
$43.3K $8.77/SF
Area
Mohave County, AZ
Vacancy
10.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,220
Cap Rate 7%
$618,014
Cap Rate 9%
$480,678
Alternative Uses
Best Use
Retail
$684.0K
$598.5K – $798.1K
NOI $47,883 @ 7.0% cap · market cap 571.40%
Second Best
Mixed Use
$618.0K
$540.8K – $721.0K
NOI $43,261 @ 7.0% cap · market cap 516.24%
Theoretical Best
Office A
$1.10M
$963.1K – $1.28M
NOI $77,050 @ 7.0% cap · market cap 919.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,979
Businesses Nearby
164k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Shops & Services 31%
Dining 11%
Apparel 7%
Smith's
Groceries
50,799 visits/mo
0.4 miles
Albertsons
Groceries
30,836 visits/mo
0.3 miles
Smith's Fuel Center
Shops & Services
19,741 visits/mo
0.3 miles
Black Bear Diner
Dining
12,038 visits/mo
0.4 miles
Goodwill
Apparel
11,697 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
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - MU-UMS zoning and a flexible interior layout support a range of commercial configurations.
Where is this mixed-use property located?
The property is located at 2088/2098 Mcculloch Blvd N Lake Havasu City, AZ.
What are key features of this property?
This property features: 4,930‑square‑foot building constructed in 1979; Two main‑street entrances plus a rear entrance; Interior can be divided into two units
