1008 Main St Cottonwood, AZ 86326-3530
- Investment properties
- 2,470 SF
- 0.06 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1008 Main St
- Year built
- 1953
- Construction
- CONCRETE
- Lot size
- 0.06 lot acres
- Property size
- 2,470 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 406-22-028
- APU
- 40622028
Description
This exceptional commercial property, located at 1008 N Main St in the vibrant Old Town Cottonwood, Arizona, presents a rare investment opportunity. Boasting a total of 2,974 square feet, the building offers significant potential for a variety of commercial uses. The main level comprises approximately 2,470 square feet, ideally suited for two separate retail shops, capitalizing on the area's high foot traffic. Its prime location directly across from Nick's Restaurant ensures excellent visibility and accessibility. Adding to its appeal is a 504-square-foot, two-bedroom apartment situated on the second floor. This residential component provides an additional income stream for the property owner, or the possibility of on-site living for the business owner. The building benefits from low operating expenses and features a recently installed new roof, minimizing maintenance concerns. The 0.06-acre lot provides ample space for the building and potential for future expansion. This property is a must-see for savvy investors seeking a versatile and profitable commercial venture in a thriving Cottonwood location. The combination of retail space and residential accommodation makes this a unique and attractive investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $85,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $100,000
- 6.5%
- $100,000
- 7%
- $115,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $115,000
- Geo Method
- $95,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $100,000
- Retail
- $115,000
- Mixed-Use
- $105,000
- Hospitality
- $90,000
- Educational
- $115,000
- Residential Income
- $95,000
- Energy
- $95,000
- Income-Based Land
- $110,000
- Food Service
- $85,000
Location Insight
- Map
- Local Demand
- City
- Cottonwood
- County
- Yavapai
- State
- Arizona
- Longitude
- -112.028
- Latitude
- 34.7481
- CBSA code
- 39150
- CBSA name
- PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA