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    Specialty properties

    420 Arizona Ave, Colorado City, AZ 86021

    15,931 SF 1.6 ac lot Built 1993
    Property ID
    Property summary
    AI-generated overview

    This exceptional 15,931-square-foot property in Colorado City, Arizona, presents a unique investment opportunity. Priced at $1,200,000 ($75.32 per square foot), this single-story building, constructed in 1993, offers significant potential for repurposing. Originally designed as a school with 20 rooms, its adaptable layout is ideal for various commercial ventures, including a business center, healthcare clinic, or retail space. The building features durable brick and stucco construction and ample parking. Its strategic corner location at the intersection of two heavily trafficked roads, just blocks from a major highway, benefits from increased traffic flow due to the proximity of popular tourist destinations such as Lake Powell, Zion National Park, and the Grand Canyon. The 1.6-acre lot is zoned residential. The property's existing infrastructure and flexible interior make it ready for immediate adaptation to modern business needs. All information should be independently verified by the buyer. The property's APN is 404-53-077A.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1993
    Total area 15,931 SF
    Lot 1.6 ac (69,696 SF)
    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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