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    12963 Old Rte Parks, AZ 86018
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    12963 Old Rte, Parks, AZ 86018

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    • Commercial real estate
    • 0.53 lot acres
    Off-Market

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 12963 Old Rte

    Year built
    1934
    Lot size
    0.53 lot acres
    Property type
    Commercial real estate

    Description

    This unique property located at 12963 E OLD ROUTE 66 in Parks, Arizona, presents a rare opportunity to acquire a well-established business and its accompanying real estate. Situated on a spacious 0.53-acre lot directly off the iconic Route 66, this landmark establishment has served the community for decades. The business currently offers a diverse range of products and services, including a popular menu featuring pizza, hamburgers, deli sandwiches, and other food items. In addition to food, the business provides groceries, drinks, ice cream, and other essential goods. A significant component of the business is its operation as an annex postal service, managing 130 mailboxes. The property's expansive lot offers considerable potential for expansion and diversification. Opportunities exist to host events, establish a flea market, or explore other ventures to further enhance the business's offerings and profitability. While the property does not currently possess a liquor license, this presents a potential avenue for future growth. The sale includes both the business and the real estate, and the transaction is structured as an "as-is" sale, with all existing features and aspects grandfathered in. This presents a remarkable chance to own a piece of Route 66 history and build upon a successful, long-standing business.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Parks
    County
    Coconino
    State
    Arizona
    Longitude
    -111.949
    Latitude
    35.2601
    More about this property
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