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    70916 Us-60 Wenden, AZ 85357

    For Sale
    $795,000

    Thriving business, high cap rate, AZ.

    Property size:
    11,421 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity encompasses a multi-faceted retail complex situated on 1.75 acres in Wenden, Arizona. The property, comprised of three parcels (APN: 308-09-157C, 157G, 157F), features a total of nine buildings totaling 11,421 square feet, with 8,777 square feet of net rentable space. The complex includes a grocery store, restaurant, and additional retail spaces, currently operating as a successful business. A significant asset is the inclusion of a 2,500 square foot residence situated on the property, complete with a detached garage and storage shed. Three additional detached units offer potential for expansion or conversion into casitas. The property boasts a strong 13.29% cap rate, generating a net operating income (NOI) of $105,676. Built in 1965, the property is zoned C-2 & MHS. The sale includes all inventory, fixtures (a detailed list is available), a lottery license, and an Arizona Series 9 liquor license. This turnkey operation presents a unique opportunity for an owner/user to acquire a thriving business with significant expansion potential. The property's location in an Opportunity Zone may provide additional tax advantages. The Wenden Post Office is a current tenant. This is a rare chance to acquire a well-established business with residential amenities in a desirable location, approximately 35 minutes from Alamo Lake State Park.

    Property Features for 70916 Us-60

    General Information

    Property type
    Lifestyle centers
    Square Feet
    11,421 SF
    Lot Size
    76,230 SF

    Building Details

    Year Built
    1965
    Buildings
    9
    Stories
    1
    Units
    3

    HighLights

    • 1.75‑acre site comprised of three parcels.
    • Wenden Post Office occupies the property under a lease agreement.
    • Includes an existing personal residence.
    • Property features an Arizona Series 9 Liquor License.
    • Lottery license included.
    • Significant expansion potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Wenden
    County
    La Paz
    State
    Arizona
    Longitude
    -113.5422397
    Latitude
    33.8217012

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Lifestyle center - Thriving business, high cap rate, AZ.
    Where is this lifestyle center located?
    The property is located at 70916 Us-60 Wenden, AZ.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 1.75-acre site comprised of three parcels.; Wenden Post Office occupies the property under a lease agreement.; Includes an existing personal residence.
    Request Owner's contact information
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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
    70916 Us-60 Wenden, AZ 85357
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