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    FOR LEASE
    Individual retail properties

    1407 Mcculloch Blvd N, Lake Havasu City, AZ 86403

    9,440 SF 0.77 ac lot Built 1989
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US07-0955362
    Property summary
    AI-generated overview

    This exceptional 9,440-square-foot office building, situated in Lake Havasu City, Arizona, presents a compelling investment opportunity. Located at 1407 McCulloch Blvd N, this single-story, Class B building boasts a prime location in a resort area, conveniently close to restaurants, shopping, and the iconic London Bridge. Built in 1986 and extensively renovated in 2018, the property features a spacious layout with open work areas, private offices, a kitchen, and training rooms, offering versatility for various business types. The property includes 46 parking spaces and sits on a 0.72-acre lot, zoned C-1 Commercial. Recent significant upgrades include a new roof (March 2024), eight new HVAC units (March 2023), and a new double lift pump system (March 2024), ensuring efficient and cost-effective operation. Currently vacant, this owner-user investment presents a unique chance to acquire a substantial commercial space in a thriving tourist destination. The asking price is $2,200,000, translating to $233.05 per square foot. Floor plans are available upon request. The property's APN is 107-74-003a.

    Property profile
    Verified
    Property type Individual retail properties
    Use group GYM, HEALTH SPA
    Year built 1989
    Construction FRAME
    Total area 9,440 SF
    Lot 0.77 ac (33,541 SF)
    APN 107-74-003A
    UPID US07-0955362
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Arizona's Children Association Social Service Agency Charitable Organization
    • O&O Solutions Building Supply
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $875k
    Owner & transaction history
    James Wheater · 4 yrs held
    James Wheater
    since 2022
    Last sale
    $875,000
    7 recorded transactions
    2022
    2018
    $875,000
    2016
    2015
    $300,000
    2015
    $320,000
    2012
    2011
    $279,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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