Property profile

42710 Us 60 Hwy Morristown, AZ 85342

OFF-MARKET
Retail properties & Spaces
458 SF 3.42 ac lot Built 2023
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Property summary

AI-generated overview

This exceptional 3.422-acre property in Morristown, Arizona, presents a unique investment opportunity. Located at 42710 W US 60 Hwy, this 2023-built retail space boasts 458 square feet, offering a versatile footprint for various commercial uses. The property's strategic location provides excellent visibility and accessibility. The asking price is $495,000, translating to $1,080.79 per square foot. The single-story building sits on a spacious lot, providing ample room for expansion or additional development. The property's APN is 503-23-049-A and is zoned for retail and land use. This is an ideal opportunity for entrepreneurs seeking a well-located, newly constructed commercial space in a growing area. The property's combination of retail space and expansive land offers significant potential for future growth and development. The property features five covered horse pens and five pastures, making it suitable for various uses beyond retail. An RV hookup is also available on the property. The single-bedroom, single-bathroom tiny house offers additional living space. Inside, a stackable laundry unit provides convenient laundry facilities. The property's location in Maricopa County, Arizona, offers access to a thriving community and excellent transportation links. The zip code is 85342.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2023
Total area 458 SF
Lot 3.42 ac (149,062 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

42710 Us 60 Hwy Morristown, AZ 85342
Morristown metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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