Current Use by Public Records
- Lifestyle centers
Property Details for 70916 Us-60
- Year built
- 1965
- Lot size
- 1.75 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity encompasses a multi-faceted retail complex situated on 1.75 acres in Wenden, Arizona. The property, comprised of three parcels (APN: 308-09-157C, 157G, 157F), features a total of nine buildings totaling 11,421 square feet, with 8,777 square feet of net rentable space. The complex includes a grocery store, restaurant, and additional retail spaces, currently operating as a successful business. A significant asset is the inclusion of a 2,500 square foot residence situated on the property, complete with a detached garage and storage shed. Three additional detached units offer potential for expansion or conversion into casitas. The property boasts a strong 13.29% cap rate, generating a net operating income (NOI) of $105,676. Built in 1965, the property is zoned C-2 & MHS. The sale includes all inventory, fixtures (a detailed list is available), a lottery license, and an Arizona Series 9 liquor license. This turnkey operation presents a unique opportunity for an owner/user to acquire a thriving business with significant expansion potential. The property's location in an Opportunity Zone may provide additional tax advantages. The Wenden Post Office is a current tenant. This is a rare chance to acquire a well-established business with residential amenities in a desirable location, approximately 35 minutes from Alamo Lake State Park.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Wenden
- County
- La Paz
- State
- Arizona
- Longitude
- -113.542
- Latitude
- 33.8217
