161 Main St Snowflake, AZ 85937
- Motels
- 3,706 SF
- 0.41 lot acres
Current Use by Public Records
- Tesla Destination Charger / Electric Vehicle Charging Station
- Heritage Inn Snowflake / Inn / Hotel
Property Details for 161 Main St
- Year built
- 1940
- Construction
- CONCRETE
- Lot size
- 0.41 lot acres
- Property size
- 3,706 SF
- Zone code
- MUNICIPAL
- Property type
- Motels
- APN
- 202-11-198K
- APU
- 20211198K
Description
This exceptional commercial property, located at 161 North Main Street in the thriving town of Snowflake, Arizona, presents a unique investment opportunity. Boasting a substantial 6,283 square feet of versatile space, this building sits on a generous 0.51-acre lot, offering ample room for expansion, parking, or outdoor activities. The property's prime location on Main Street ensures high visibility and accessibility, making it ideal for a wide range of commercial uses. The building's substantial size allows for diverse configurations, catering to businesses requiring significant space for operations, storage, or retail display. The 0.51-acre lot provides flexibility for future development or expansion, accommodating potential growth and adaptation to evolving business needs. Snowflake's growing economy and strong community make this a particularly attractive location for businesses seeking a stable and prosperous environment. The asking price of $2,445,000 reflects the property's significant size, prime location, and considerable potential for return on investment. This is a rare opportunity to acquire a substantial commercial property in a desirable Arizona location. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate occupancy and presents a compelling opportunity for a discerning investor or business owner.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,845,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,520,000
- 6.5%
- $1,420,000
- 7%
- $1,320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,390,000
- Geo Method
- $1,455,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,610,000
- Retail
- $1,235,000
- Mixed-Use
- $1,285,000
- Hospitality
- $1,370,000
- Educational
- $1,455,000
- Residential Income
- $1,635,000
- Energy
- $1,270,000
- Income-Based Land
- $1,400,000
- Food Service
- $1,450,000
Location Insight
- Map
- Local Demand
- City
- Snowflake
- County
- Navajo
- State
- Arizona
- Longitude
- -110.079
- Latitude
- 34.5117
- CBSA code
- 43320
- CBSA name
- SHOW LOW, AZ MICROPOLITAN STATISTICAL AREA
