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    621 Wickenburg Way Wickenburg, AZ 85390

    For Sale
    $695,000

    Established Restaurant, High Traffic Area, Owner/User Opportunity

    Property size:
    2,418 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2,418 square foot restaurant, located at 621 W Wickenburg Way in Wickenburg, Arizona, presents a unique investment opportunity. Boasting a prime location along US 60, this property ensures maximum visibility and accessibility for customers. The substantial 24,392 square foot lot provides ample parking, a significant advantage in a high-traffic area known for its thriving business environment. Built in 1955, the building is zoned C-3, offering versatility for potential redevelopment or continued operation as a restaurant. Currently, a thriving restaurant occupies the space, with a lease in place extending through November 2024. The tenant has expressed interest in lease extension. This property is ideal for owner-users seeking an established business, investors looking for a stable income stream, or developers envisioning future redevelopment possibilities. The property's APN is 505-33-024

    Property Features for 621 Wickenburg Way

    General Information

    Property type
    Restaurants
    Square Feet
    2,418 SF

    Building Details

    Year Built
    1955
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sizzling Wok Chinese Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wickenburg
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.7414222
    Latitude
    33.9661572

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, High Traffic Area, Owner/User Opportunity
    Where is this restaurant located?
    The property is located at 621 Wickenburg Way Wickenburg, AZ.
    What is the asking price?
    The asking price for this property is $695,000.
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    621 Wickenburg Way Wickenburg, AZ 85390
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    621 Wickenburg Way Wickenburg, AZ 85390
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