This exceptional investment opportunity encompasses a thriving mixed-use property situated on 2.75 acres in Wenden, Arizona. The property consists of nine buildings totaling 11,421 square feet, including a retail strip center featuring a grocery store, restaurant (cafe), laundromat, and hardware store. The center generates a substantial net operating income (NOI) of $141,476, representing a compelling 16.64% cap rate on the $850,000 asking price. The property also includes a roughly 2,500-square-foot residential home with a detached garage and storage shed, offering additional income potential or owner-occupancy. Three separate detached units present the possibility of conversion into casitas. The property is zoned C-2 & MHS and includes all inventory, fixtures (a detailed list is available), a liquor license, and a lottery license. Located conveniently near Alamo Lake State Park (within 35 miles), this property benefits from its location in an Opportunity Zone, potentially offering advantageous tax benefits. The property's 8,777 square feet of net rentable space is priced at $74.42 per square foot. This turnkey operation presents a rare chance to acquire a multi-faceted business with significant growth potential. The property consists of four parcels (APN: 308-09-157G,157F,158B,157C) and has been operating since 1965. The lease commenced July 1, 2015, and expires June 30, 2025, with approximately 0.6 years remaining. Currently, there are no tenants. This is an owner/user investment.
Highlights
2.75-acre mixed-use property with four parcels (APN: 308-09-157G, 157F, 158B, 157C) in Wenden, AZ.
Includes a 11,421 SF retail strip center with a grocery store, cafe, laundromat, and hardware store.
Features a 2,500 SF residential home with detached garage and shed, plus three additional detached units.
Offers an Arizona Series 9 liquor license and an Arizona lottery license.
Located in an Opportunity Zone with potential tax advantages, near Alamo Lake State Park.
Property Details
for 70948 Us-60
Property type
Retail properties, Restaurants
Square Feet
11,421 SF
Year Built
1965
Buildings
9
Stories
1
Lot Size (sq. ft)
119,790 SF
Location Insight
City
Wenden
County
La Paz
State
Arizona
Latitude
33.8223096
Longitude
-113.5413433
Nearby Comparable
For Sale
$845,000
Thriving Wenden Business & Home
Arizona multi-building business complex with home.
Retail property - Rural AZ investment opportunity: 9 buildings, high NOI.
Where is the retail property located?
The property is located at 70948 Us-60 Wenden, AZ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2.75-acre mixed-use property with four parcels (APN: 308-09-157G, 157F, 158B, 157C) in Wenden, AZ.; Includes a 11,421 SF retail strip center with a grocery store, cafe, laundromat, and hardware store.; Features a 2,500 SF residential home with detached garage and shed, plus three additional detached units.
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Us-60 Wenden, AZ 85357
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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70948 Us-60
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