34406 Black Mtn Pkwy Cave Creek, AZ 85331-4747
- Turn key restaurants
- 7,402 SF
- 1.22 lot acres
Current Use by Public Records
- Fat Willy's Carefree Hwy & Black Mountain Pkwy / Sports Bar / American Restaurant
Property Details for 34406 Black Mtn Pkwy
- Year built
- 2007
- Construction
- CONCRETE
- Lot size
- 1.22 lot acres
- Property size
- 7,402 SF
- Zone code
- C-C
- Property type
- Turn key restaurants
- APN
- 211-60-967
- APU
- 21160967
Description
This fully equipped, freestanding restaurant presents a unique investment opportunity in the thriving Cave Creek, Arizona market. The property, located at 34406 N Black Mountain Pkwy, boasts 6,608 square feet of interior space, complemented by a large covered patio area, perfect for expanding outdoor seating. Situated on a 1.22-acre lot (APN: 211-60-967), this C-2 zoned property offers significant potential for continued success. Built in 2007 and extensively renovated in 2021, the restaurant is in excellent condition and ready for immediate operation. Convenient access from Black Mountain Parkway is enhanced by cross-over easements with adjacent parcels. The property benefits from its location within a high-income, high-growth area, ensuring a strong customer base and promising future returns. This turnkey operation is ideal for an experienced restaurateur looking to establish or expand their business in a prime location. The property's size, modern amenities, and strategic location combine to create a compelling investment proposition. All necessary permits and zoning approvals are in place, simplifying the transition for the new owner. This is a rare opportunity to acquire a well-established restaurant in a desirable area with significant upside potential. Don't miss out on this exceptional offering.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,755,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,615,000
- 6.5%
- $1,645,000
- 7%
- $1,705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,795,000
- Geo Method
- $1,790,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,520,000
- Retail
- $1,705,000
- Mixed-Use
- $1,610,000
- Hospitality
- $1,855,000
- Educational
- $1,575,000
- Residential Income
- $1,945,000
- Energy
- $1,855,000
- Income-Based Land
- $2,005,000
- Food Service
- $2,100,000
Location Insight
- Map
- Local Demand
- City
- Cave Creek
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.979
- Latitude
- 33.7977
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
