1013 Mingus Ave Cottonwood, AZ 86326
- Specialty properties
- 10,329 SF
- 3.34 lot acres
Current Use by Public Records
- Westcott Funeral Home / Funeral Home
Property Details for 1013 Mingus Ave
- Year built
- 1961
- Construction
- CONCRETE
- Lot size
- 3.34 lot acres
- Property size
- 10,329 SF
- Property type
- Specialty properties
- APN
- 406-42-075A
- APU
- 40642075A
Description
This exceptional 3.32-acre commercial property at 1013 E Mingus Ave in Cottonwood, Arizona, presents a unique investment opportunity. Boasting 10,330 square feet of space, the property is ideally situated on Mingus Avenue, recently enhanced with new paving and sidewalks. Its strategic location offers high walkability and proximity to key amenities including a transit stop connecting Cottonwood to Sedona, schools, coffee shops, a medical center, churches, and a post office. The property is surrounded on three sides by R-3 Multi-Family zoned land, suggesting significant redevelopment potential. Currently configured as a former church, the existing use is likely not the highest and best use for this strategically located parcel. The property is being sold AS-IS, with the seller making no repairs. Discussions with the Cottonwood Community Development department regarding potential future uses are available upon request. The property's unexpected views and prime location make it an attractive proposition for a variety of commercial ventures. This is a rare opportunity to acquire a substantial property in a thriving area with significant upside potential. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $975,000
- 6.5%
- $890,000
- 7%
- $810,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $785,000
- Geo Method
- $790,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $865,000
- Retail
- $1,015,000
- Mixed-Use
- $775,000
- Hospitality
- $905,000
- Educational
- $1,035,000
- Residential Income
- $985,000
- Energy
- $955,000
- Income-Based Land
- $1,005,000
- Food Service
- $970,000
Location Insight
- Map
- Local Demand
- City
- Cottonwood
- County
- Yavapai
- State
- Arizona
- Longitude
- -112.016
- Latitude
- 34.739
- CBSA code
- 39150
- CBSA name
- PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA