621 Wickenburg Way Wickenburg, AZ 85390-2269
This exceptional commercial property located at 621 W Wickenburg Way, Wickenburg, Arizona, presents a unique investment opportunity. The property encompasses a well-established building currently occupied by a Chinese restaurant tenant with a remarkable 34+ year history. The building sits on a sizable 0.56-acre lot comprised of four parcels, offering significant potential for expansion and future development. Currently operating under a month-to-month lease, the tenant has expressed willingness to negotiate a long-term lease agreement. The current monthly rent is $3,200. The property is zoned C3, providing flexibility for various commercial uses. The sale includes both the building and all four parcels, making this a comprehensive and attractive package. The property's long-standing tenant and substantial land area create a solid foundation for a strong return on investment, whether through continued lease income or redevelopment. This is a rare chance to acquire a well-positioned commercial property in a thriving Arizona community. The existing structure is in good condition and ready for immediate income generation. The expansive lot size allows for future expansion or the addition of complementary businesses. This property is ideal for investors seeking a stable income stream with significant upside potential. The C3 zoning offers a wide range of possibilities for future development. Don't miss this opportunity to acquire a prime commercial property in a desirable location.
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Sizzling Wok Restaurant
The purpose of this zoning district is to make provision for commercial uses and services that are needed to serve the local population and persons traveling through the community, uses permitted in this district are located along major streets to provide convenient access. Permitted uses are required to provide off-street parking and loading and unloading f…
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-3 · Wickenburg, AZThe purpose of this zoning district is to make provision for commercial uses and services that are needed to serve the local population and persons traveling through the community, uses permitted in this district are located along major streets to provide convenient access. Permitted uses are required to provide off-street parking and loading and unloading facilities in order to expedite traffic movement on adjoining streets
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.