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    FOR LEASE
    Office buildings

    1515 N Lake Havasu Ave N, Lake Havasu City, AZ 86404

    6,510 SF 0.43 ac lot Built 2005
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US07-0483366
    Property summary
    AI-generated overview

    This exceptional 9,510-square-foot retail property, located at 1515 N Lake Havasu Ave in Lake Havasu City, Arizona (zip code 86404), presents a remarkable investment opportunity. Built in 2005, this single-story building sits on a 0.43-acre lot and boasts 1177 total parking spaces, providing ample convenience for customers and employees. Currently vacant, the space offers immense flexibility for a variety of commercial uses. Previously configured as a daycare, the property features multiple office spaces, five bathrooms, and two kitchenettes, along with a reception area. Each unit has both small and large offices and its own meter. The building also includes a substantial 3,000-square-foot garage, 60 feet wide by 50 feet deep, with a 7'x16' door, adding significant storage or operational space. The property's zoning is L-C-1 Limited Commercial, allowing for diverse possibilities. Its location is highly advantageous, just one block from Highway 95 at Palo Verde North. Potential uses include, but are not limited to, a salon, medical spa, preschool, after-school recreational center, four independent retail shops, or even a bar or restaurant. The property is offered for sale at $1,695,000 or lease at $9,000 per month on a triple net lease basis. Owner financing may be available. The Mohave County APN is 104-35-007.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2005
    Construction STEEL FRAME
    Total area 6,510 SF
    Lot 0.43 ac (18,731 SF)
    Zoning code R3
    APN 104-35-007
    UPID US07-0483366
    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
    • Karen Olsavsky Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.19M
    Comparable Approach Comparable
    $1.36M
    Blend (final) Blend
    $1.34M
    Owner & transaction history
    Lhvc LLC · 4 yrs held
    Lhvc LLC
    since 2022
    Last sale
    $1.5M
    7 recorded transactions
    2022
    $1.5M
    2011
    $359,900
    2009
    $428,895
    2003
    $160,000
    2003
    $88,900
    1969
    1969
    Zoning & alternative use
    R3 · Lake Havasu City, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.4M +52.9%
    Restaurant $1.4M +52.3%
    Apartment house (5+ units) $1.1M +14.5%
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    More about this property
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