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    1195 16Th St Yuma, AZ 85365

    For Sale
    $2,100,000

    High-traffic Yuma land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 23.52-acre commercial and industrial land parcel is strategically located at 1195 E 16th Street in Yuma, Arizona, zip code 85365. Currently zoned for agriculture, this property presents a unique opportunity for diverse development. The asking price is $2,100,000, translating to a land value of $2.05 per square foot. Its prime location directly off 16th Street offers excellent visibility and accessibility. The property's potential uses include agriculture, hotel, restaurant, or office space, making it a versatile investment. Given its size and location, this land offers significant potential for substantial returns. High traffic counts on nearby Highway 95 at I-8 (approximately 39,413 vehicles per day) further enhance its commercial viability. This expansive lot provides endless possibilities for developers seeking a prominent location in a growing area. Serious inquiries are encouraged to explore the full potential of this remarkable property.

    Property Features for 1195 16Th St

    General Information

    Property type
    Hotels
    Lot Size
    1,024,531 SF

    HighLights

    • Sale Price: $2,100,000
    • Price Per Square Foot: $2.05
    • Land Size: ±23.52 Acres
    • Zoning: Agricultural
    • Highest and Best Use: Hotel, Restaurant, or Office Development
    • Traffic Counts: ±39,413 VPD on Hwy 95 at I‑8
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    McDonald's Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Yuma
    County
    Yuma
    State
    Arizona
    Longitude
    -114.6092395
    Latitude
    32.6978624

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    FAQs

    What type of property is this?
    Hotel - High-traffic Yuma land, ideal for development.
    Where is this hotel located?
    The property is located at 1195 16Th St Yuma, AZ.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Sale Price: $2,100,000; Price Per Square Foot: $2.05; Land Size: ±23.52 Acres
    Request Owner's contact information
    1195 16Th St Yuma, AZ 85365
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    Yuma, AZ 85365
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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
    1195 16Th St Yuma, AZ 85365
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