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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

41901 Old Mine Rd Cave Creek, AZ 85331

Property ID
Property summary
AI-generated overview

This exceptional 6.19-acre property in Cave Creek, Arizona, presents a unique investment opportunity. Comprising 24 parcels zoned C-2 (Commercial/Mixed Use), this assemblage is ideally situated at the intersection of Cave Creek Road and Tonto Hills, offering unparalleled development potential. The site's location at the gateway to the Tonto National Forest ensures high visibility and accessibility, attracting both local residents and tourists. The approved zoning allows for a diverse range of uses, including a "Main Street" style development featuring a general store, gas station, garage condos, retail and restaurant spaces, residential condos with rooftop decks, and even a pickleball facility. This is the last available commercial/mixed-use land before entering the National Forest, providing a rare chance to create a distinctive destination. The property is part of a domestic water improvement district (DWID) and receives water through a private water company. While the community utilizes septic systems, sewer infrastructure is readily accessible across the street, requiring only necessary approvals from Maricopa County and the City of Scottsdale. Surrounded by affluent communities like Desert Mountain, Mirabel, and Carefree, this development promises significant returns. The asking price is $6,500,000. The property's APN is 219-12-231-A.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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