For Sale
$799,000

817-833 Hancock Rd Bullhead City, AZ 86442

High-yield, fully occupied shopping center

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 9,221 square foot shopping center in Bullhead City, Arizona, boasting a prime location at 817-833 Hancock Rd, 86442. The property, encompassing 26,250 square feet of land, features five units within a single, one-story building constructed in 1984. Currently operating at 100% occupancy with a modified lease structure, this multi-tenant retail center offers a strong 5.00% cap rate and a compelling price per square foot of $86.65. The asking price is $799,000, representing a fee simple ownership. All five units have undergone recent refurbishment and meet current building codes. The C-2 zoning allows for a variety of uses, including the potential to host up to twelve special events annually, such as swap meets, vendor markets, or car rallies. Parcel ID numbers 214-42-058, 059, 060, and 062A are included in the sale. This property is ideally suited for investors seeking a high-performing, centrally located asset with significant upside potential. The property's high occupancy rate and flexible zoning make it an attractive investment in a high-density area.

Highlights

  • 9,221 SF shopping center in Bullhead City, AZ, on 26,250 SF lot at 817-833 Hancock Rd.
  • Five-unit, single-story building (1984 construction), 100% occupied with modified leases.
  • 5.00% cap rate, $86.65/SF, $799,000 asking price (fee simple).
  • Recently refurbished units, meeting current building codes; C-2 zoning allows for various uses, including up to twelve special events annually.
  • Includes parcel IDs 214-42-058, 059, 060, and 062A.

Property Details for 817-833 Hancock Rd

Property type
Lifestyle centers, Power centers
Square Feet
9,221 SF
Year Built
1984
Buildings
1
Stories
1
Units
5

Location Insight

City
Bullhead City
County
Mohave
State
Arizona
Latitude
35.107990293353
Longitude
-114.62134548538

FAQs

What type of property is this?
Lifestyle center - High-yield, fully occupied shopping center
Where is the lifestyle center located?
The property is located at 817-833 Hancock Rd Bullhead City, AZ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 9,221 SF shopping center in Bullhead City, AZ, on 26,250 SF lot at 817-833 Hancock Rd.; Five-unit, single-story building (1984 construction), 100% occupied with modified leases.; 5.00% cap rate, $86.65/SF, $799,000 asking price (fee simple).
How can I contact the broker?
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817-833 Hancock Rd
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