Second-Generation Restaurant
For Sale
$2,345,500
Pending
279-1041 E State Route 89a, Cottonwood, AZ 86326
Purpose-built restaurant space with an established dine-in layout and existing infrastructure.
Property Size6,437 SF
Days on Market188
Property Features for 279-1041 E State Route 89a
General Information
Standard status
Pending
Size
6,437 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$15,722
Listing Agency:
R.O.I. Properties
Listed By:
Beth Jo Zeitzer · License #BR044331000
(602) 319-1326
Source:
Exprealty
Added: Apr 13
Changed: Oct 5
Last Checked: Oct 16 at 10:31AM
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 R.O.I. Properties
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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 6,437-square-foot restaurant property was purpose-built for dine-in service and retains an established operational footprint. Existing restaurant infrastructure is in place, supporting reuse by an operator seeking to avoid starting with a vacant shell.
The property is positioned along State Route 89A in Cottonwood, a corridor serving local residents and travelers between Cottonwood and Sedona. The site was formerly occupied by Black Bear Diner, providing a documented restaurant use for the building.
The property is positioned along State Route 89A in Cottonwood, a corridor serving local residents and travelers between Cottonwood and Sedona. The site was formerly occupied by Black Bear Diner, providing a documented restaurant use for the building.
Key Highlights
- 6,437‑square‑foot restaurant property
- Purpose‑built for restaurant operations
- Established footprint for dine‑in service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,584
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,711,680
$1.7M
Cap Rate 7%
$1,222,629
$1.2M
Cap Rate 9%
$950,933
$950.9K
Market Conditions
NOI Build-Up for 6,437 SF
Gross rent
$122.0K $18.96/SF
− Vacancy
−$7.9K −$1.23/SF
EGI
$114.1K $17.73/SF
− OpEx
−$28.5K −$4.43/SF
NOI
$85.6K $13.30/SF
Area
Yavapai County, AZ
Vacancy
6.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,711,680
Cap Rate 7%
$1,222,629
Cap Rate 9%
$950,933
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,584 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.16M
$1.89M – $2.52M
NOI $150,946 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
806
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
National Bank Of Arizona
Shops & Services
806 visits/mo
0.1 miles
Demographics for 86326, AZ
24,465
Population
12,243
Households
2
Avg Household Size
49
Median Age
25%
College-Educated
91%
High-School Grad
45.5 sq mi
ZIP Area
538
Density / Sq Mi
$58,250
Median Household Income
$36,479
Median Earnings
$1,102
Median Rent
$312,400
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 - Purpose-built restaurant space with an established dine-in layout and existing infrastructure.
Where is this conventional restaurant located?
The property is located at 279-1041 E State Route 89a Cottonwood, AZ.
What is the asking price?
The asking price for this property is $2,345,500.
What are key features of this property?
This property features: 6,437‑square‑foot restaurant property; Purpose‑built for restaurant operations; Established footprint for dine‑in service
