For Sale
$1,000,000

419 Hull AveJerome, AZ 86331

Arizona landmark, 3-story, multi-tenant income property.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional mixed-use property, situated on a 0.15-acre lot in the heart of historic Jerome, Arizona (APN 401-06-019), presents a unique investment opportunity. Built in 1910, this charming three-story building (two buildings total) boasts 2,400 square feet of space, with 2,233 square feet net rentable. Currently operating under a Net Net (NN) lease structure, the property features three tenants and is 80% occupied, generating approximately $57,000 in annual income. The tenant mix includes two established eateries—The Bordello Restaurant and The Flatiron Cafe—and Cabal Cellars Winery. An additional Airbnb unit, managed by the Flatiron Cafe owner, is located above the cafe. The lower-level retail space is currently vacant, offering potential for increased revenue. The property is zoned C-1 and offers stunning views of the Verde Valley. This stabilized investment presents a rare chance to acquire a piece of Arizona history with significant income potential. The property consists of five separate units, four of which are currently occupied. Serious inquiries only

Highlights

  • Five-unit multifamily property, 4 units currently occupied.
  • Bordello Restaurant tenant.
  • Flatiron Cafe tenant.
  • Cabal Cellars Winery tenant.
  • Airbnb unit above Flatiron Cafe, owner-managed.
  • Vacant ground floor retail space.

Property Details for 419 Hull Ave

Property type
Retail properties, Mixed-use properties
Square Feet
2,400 SF
Year Built
1910
Buildings
2
Stories
3
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Jerome
County
Yavapai
State
Arizona
Latitude
34.7497851
Longitude
-112.114612
419 Hull Ave, Jerome, Arizona

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419 Hull Ave
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