501-515 5Th Ave Safford, AZ 85546
This exceptional commercial real estate opportunity in Safford, Arizona, presents five interconnected buildings totaling 11,926 square feet on a half-acre lot. Constructed in 1930, these buildings boast a rich history and are ideally situated on South 5th Avenue, in the heart of Safford's historic downtown. The property benefits from high visibility and foot traffic due to its proximity to local restaurants, boutiques, and the vibrant atmosphere of frequent parades and festivals. Four of the buildings are currently vacant, presenting a unique chance for redevelopment or lease to a variety of businesses. This allows for significant upside potential based on the current market demand and the prime location. One building is currently under a month-to-month lease, generating immediate rental income. Convenient street parking is readily available for tenants and customers. The property's central location within Safford's historic district offers unparalleled access to the city's amenities and a strong foundation for future growth. This is a rare chance to acquire a substantial commercial property in a thriving Arizona town, offering both immediate income and long-term development possibilities. The buildings' historical character combined with their strategic location makes this an attractive investment for both seasoned developers and entrepreneurs seeking a unique opportunity in a bustling downtown setting.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.