12200 N 111Th Ave Youngtown, AZ 85363
For Sale
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This exceptional 7,206 square foot commercial property, located at 12200 N 111th Ave in Youngtown, Arizona (zip code 85363), presents a unique investment opportunity. Built in 1962, this single-story building sits on a sizable 22,800 square foot lot and boasts a C-1 zoning permit. The property features a spacious main floor with four offices, restrooms, ample storage, and a grand show floor area with vaulted ceilings ranging from 10.1 to 28 feet in height. A separate private office suite offers added privacy, including its own entrance, reception area, and restrooms. Further enhancing its versatility, a second area includes four more offices, a kitchen, bathrooms, and additional storage, accessible via a separate entrance. The property includes twenty-nine covered parking spaces. The asking price is $1,650,000, translating to $228.98 per square foot. The property is sold as-is. Its prime location between Sun City Golf Course and Maricopa Lake Park offers excellent visibility and accessibility. The adaptable floor plan allows for various uses, including retail, warehouse, sales center, or other commercial ventures. This property offers immediate occupancy for new tenants, potential for higher rental rates, and the flexibility to renovate and reposition for optimal return on investment. The favorable market conditions and low vacancy rates present a strong opportunity for a quick return.
2011, amended Ch. 17.36 by deleting the map set forth for C-1 commercial district and replaced said map with the district map adopted pursuant to § 17.16.020. 17.36.010 - Designation of district. The regulations set forth in this chapter or set forth elsewhere in this title, when referred to in this article, are the C-1 commercial district regulations. (Zoni…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Youngtown, AZ2011, amended Ch. 17.36 by deleting the map set forth for C-1 commercial district and replaced said map with the district map adopted pursuant to § 17.16.020. 17.36.010 - Designation of district. The regulations set forth in this chapter or set forth elsewhere in this title, when referred to in this article, are the C-1 commercial district regulations. (Zoning Ord. § 5-5-101) 17.36.020 - Use regulations. A. A building or premises in a C-1 commercial district shall only be used for the following purposes: 1. Animal shelter, subject to the requirements of Section 17.36.120 of this title; 2. Antique store; 3. Apartment houses which do not exceed two stories nor more than twenty-four (24) feet or two stories in height, unless located within the Youngtown redevelopment district, identified in Resolution 00-09. In such a case, the maximum height shall be forty-eight (48) feet or four stories; 4. Art shop; 5. Automobile dealerships; 6. Automobile rental businesses; 7. Bakery goods store; provided, that all goods baked on the premises are sold at retail over the counter only; 8. Bank; 9. Barber shop, beauty parlor, chiropody or similar personal service shop; 10. Bicycle sales and repair; 11. Boarding kennel, subject to the requirements of Section 17.36.120 of this title; 12. Book, stationery or gift store; 13. Building contractor; 14. Camera shop; 15. Candy store or fountain, provided there is no manufacturing of candy on the premises; 16. Children's residential care facility, subject to a special use permit and the requirements of Section 17.36.130 of this chapter; 17. Cigar store; 18. Clothes cleaning or pressing establishment; provided, that the cleaning fluid used shall be in Class 4 of the standard of the National Board of Fire Underwriters for Dry Cleaning plants, as recommended by the National Fire Protection Association in bulletin of NBFU No. 32 dated June 2, 1961; 19. Clothing, new and dry goods store; 20. Delicatessen store, all food prepared on premises shall be sold at retail over the counter only. There shall be no slaughtering of animals or poultry on the premises; 21. Doggie daycare, subject to the requirements of Section 17.36.120 of this title; 22. Dress or millinery shop, custom; 23. Drug store; 24. Electric carts, sale and repair; 25. Electrical contractor; 26. Florist; 27. Furniture and house furnishing store, provided that no manufacturing or remodeling of furniture is allowed on the premises; 28. Golf cart sale and repair; 29. Grocery store and meat market, provided there is no slaughtering of animals or poultry on the premises; 30.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
