Property summary
This exceptional 3,492 square foot flex/warehouse space in Lake Havasu City, Arizona, presents a unique investment opportunity. Located at 1588 Countryshire Ave, 86403, this Class B, two-story building boasts a versatile layout ideal for a variety of small businesses. The ground floor features a spacious shop and office area, perfect for automotive, contracting, or marine-related enterprises. Upstairs, a living area provides additional space. The property includes a large, fenced concrete rear parking area with two carports, offering ample parking for employees and customers (24 spaces total). Built in 1971 and extensively renovated in 2022, this property is move-in ready. The 0.24-acre lot is zoned C-2. Key features include a 9-foot ceiling height, one unit, and a pro-forma NOI of $62,000, resulting in a 6.29% pro-forma cap rate. The asking price is $985,000, translating to $282.07 per square foot. This owner/user investment opportunity combines functionality and convenience in a prime Lake Havasu City location. The property's APN is 106-24-068.
Property profile
VerifiedCap rate & NOI
Current use
-
Loan Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
C · Lake Havasu City, AZZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for C in Lake Havasu City, AZ.
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