For Sale
$1,200,000

3695 Foothills DrSierra Vista, AZ 85635

Prime Sierra Vista Office, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional value-add investment opportunity presents a three-building office complex totaling 10,107 square feet situated on a highly desirable 43,168-square-foot lot in Sierra Vista, Arizona. The property, located at the prominent northeast corner of Highway 92 and Foothills Drive, benefits from significant visibility and high traffic counts due to its strategic placement on a signalized intersection. Built in 1967, with renovations completed in 1985, the complex comprises three single-story buildings featuring ten individual office suites ranging from 650 to 1,950 square feet, currently boasting 77% occupancy. The ample parking area provides 58 concrete spaces, ensuring convenient access for tenants and visitors. The property enjoys convenient ingress and egress onto Highway 92 and Foothills Drive. The asking price is $1,200,000, representing a price per square foot of $118.73 and a pro-forma cap rate of 7.24%, with a pro-forma NOI of $86,831. The property is zoned GC and offers significant potential for future growth and development. This prime location and substantial lot size make this a compelling investment opportunity in a thriving market. The property's location at the "going home" corner of a major arterial intersection ensures high visibility and accessibility.

Highlights

  • High-traffic corner lot at Hwy 92 & Foothills Blvd, excellent visibility.
  • Nearly one-acre parcel on a signalized intersection.
  • Exceptional location with high visibility and traffic counts.

Property Details for 3695 Foothills Dr

Property type
Office properties
Square Feet
10,107 SF
Year Renovated
85
Buildings
3
Stories
1
Lot Size (sq. ft)
1,880,398,080 SF

Location Insight

City
Sierra Vista
County
Cochise
State
Arizona
Latitude
31.545668033284
Longitude
-110.2573827638
3695 Foothills Dr, Sierra Vista, Arizona

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3695 Foothills Dr
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