70948 Us-60 Wenden, AZ 85357

Property Details for 70948 Us-60

Year built

1965

Lot size

2.75 lot acres

Property size

11,421 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity encompasses a thriving mixed-use property situated on 2.75 acres in Wenden, Arizona. The property consists of nine buildings totaling 11,421 square feet, including a retail strip center featuring a grocery store, restaurant (cafe), laundromat, and hardware store. The center generates a substantial net operating income (NOI) of $141,476, representing a compelling 16.64% cap rate on the $850,000 asking price. The property also includes a roughly 2,500-square-foot residential home with a detached garage and storage shed, offering additional income potential or owner-occupancy. Three separate detached units present the possibility of conversion into casitas. The property is zoned C-2 & MHS and includes all inventory, fixtures (a detailed list is available), a liquor license, and a lottery license. Located conveniently near Alamo Lake State Park (within 35 miles), this property benefits from its location in an Opportunity Zone, potentially offering advantageous tax benefits. The property's 8,777 square feet of net rentable space is priced at $74.42 per square foot. This turnkey operation presents a rare chance to acquire a multi-faceted business with significant growth potential. The property consists of four parcels (APN: 308-09-157G,157F,158B,157C) and has been operating since 1965. The lease commenced July 1, 2015, and expires June 30, 2025, with approximately 0.6 years remaining. Currently, there are no tenants. This is an owner/user investment.

Location Insight

City

Wenden

County

La Paz

State

Arizona

Longitude

-113.541

Latitude

33.8223