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    13448 Old Rte Parks, AZ 86018

    For Lease
    $48,000

    Established Restaurant, Turnkey Operation, High Growth Potential

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional restaurant opportunity in Parks, Arizona, presents a unique chance to acquire a thriving, established business. Located at 13448 E Old Rte 66, Coconino County, this single-tenant property boasts a spacious 3,840 square foot building. Currently operating as the Mustang River Grill, a beloved local eatery, the restaurant offers a turnkey operation, complete with all existing equipment, furniture, fixtures, and inventory included in the lease price of $4,000 per month. The restaurant features a substantial seating capacity exceeding 100 guests, with 65 indoor seats and 40 outdoor seats spread across several large patios. A fully equipped kitchen includes a pizza oven, grill, and outdoor smoker, complemented by a full bar. The property's strategic location benefits from significant walk-in traffic, further enhanced by the imminent opening of a new RV park on an adjacent parcel, promising substantial future growth in profitability. This presents a rare opportunity to acquire a well-established restaurant with significant upside potential in a rapidly developing area. The property is available for lease immediately.

    Property Features for 13448 Old Rte

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF
    Total Rate
    48000

    Unit(s) available at that property

    Space
    Available space
    Size
    3,840 SF
    Rate per SF
    $48,000

    HighLights

    • Exceptional restaurant opportunity in Parks, Arizona.
    • 3,840 square foot building at 13448 E Old Rte 66, Coconino County.
    • Turnkey operation with all equipment, furniture, fixtures, and inventory included.
    • $4,000 monthly lease.
    • Seating for over 100 guests (65 inside, 40 outside).
    • Fully equipped kitchen with pizza oven, grill, and outdoor smoker; full bar.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Parks
    County
    Coconino
    State
    Arizona
    Longitude
    -111.9397199
    Latitude
    35.2577374

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Turnkey Operation, High Growth Potential
    Where is this restaurant located?
    The property is located at 13448 Old Rte Parks, AZ.
    What is the lease rate?
    The lease rate is $48,000.
    What are key features of this property?
    This property features: Exceptional restaurant opportunity in Parks, Arizona.; 3,840 square foot building at 13448 E Old Rte 66, Coconino County.; Turnkey operation with all equipment, furniture, fixtures, and inventory included.
    Request Owner's contact information
    13448 Old Rte Parks, AZ 86018
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    Parks, AZ 86018
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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
    13448 Old Rte Parks, AZ 86018
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