Current Use by Public Records
- Retail properties & Spaces
Property Details for I-40 Exit 359
- Lot size
- 8.06 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional mixed-use property, located at I-40 Exit 359 in Lupton, Arizona, presents a compelling investment opportunity. Situated on 8.06 acres at a high-traffic intersection on the Arizona/New Mexico border, this established business boasts 25,000 square feet of commercial space. The property includes a convenience store, gas station with 16 pumps (including 6 multi-petroleum dispensers for passenger vehicles), and a restaurant, all operating at 100% occupancy. The five buildings are currently configured to serve the needs of long-haul truckers and passenger vehicles, as well as the local Native American population (Navajo, Zuni, and Hopi nations). The property benefits from high visibility and easy access, with a daily vehicle count of 19,000. The asking price is $7,000,000, and the property is offered fee simple. The current configuration offers immediate income, while the significant lot size and strategic location present substantial potential for redevelopment and expansion, including opportunities for build-to-suit, joint ventures, and ground leases. This property is ideal for investors seeking a stabilized investment with significant upside potential in a high-growth area. The property's location on a major interstate highway ensures consistent traffic and revenue generation. The existing infrastructure provides a solid foundation for future development and expansion, catering to the needs of both local residents and travelers.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lupton
- County
- Apache
- State
- Arizona
- Longitude
- -109.049
- Latitude
- 35.3628
