For Sale
$1,369,000

798 Az-92Sierra Vista, AZ 85635

8,754 SF Restaurant, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 8,754-square-foot restaurant building, situated on a 1.1-acre lot in Sierra Vista, Arizona, presents a compelling investment opportunity. Built in 2004, the single-story structure is currently vacant, offering a blank canvas for a new operator. The property boasts a prominent location along Highway 92, ensuring high visibility and convenient access with ample parking. The asking price is $1,369,000, translating to $156.39 per square foot. The land itself is valued at $18 per square foot. The property features a well-designed layout ideal for a buffet-style restaurant, including all stainless steel equipment included in the sale. Financial projections indicate a pro-forma cap rate of 11.99% and a pro-forma NOI of $164,137. The property is zoned GC and has a parcel number of 105-05-618. This is a NNN lease investment opportunity, perfect for an owner/user seeking a high-traffic location with excellent ingress and egress. The property's previous tenant was a Golden Corral, making it immediately suitable for a similar concept or a comparable restaurant. This is a rare opportunity to acquire a well-positioned restaurant property in a thriving market, priced to sell quickly.

Highlights

  • Great location on Highway 92 in Sierra Vista, AZ.
  • High traffic counts ensure strong visibility.
  • Excellent ingress/egress and ample parking.
  • Ideal layout for a buffet-style restaurant; includes stainless steel equipment.

Property Details for 798 Az-92

Property type
Retail properties, Restaurants
Square Feet
8,754 SF
Year Built
2004
Buildings
1
Stories
1
Lot Size (sq. ft)
47,916 SF
Units
1

Location Insight

City
Sierra Vista
County
Cochise
State
Arizona
Latitude
31.547706
Longitude
-110.2581363
798 Az-92, Sierra Vista, Arizona

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798 Az-92
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