For Sale
$850,000

70948 Us-60Wenden, AZ 85357

Rural AZ investment opportunity: 9 buildings, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
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
70948 Us-60, Wenden, Arizona

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70948 Us-60
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