For Sale
$995,000

11425 Cornville RdCornville, AZ 86325

Turnkey Restaurant, 3 Buildings, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional investment opportunity in Cornville, Arizona, featuring a thriving, established restaurant and two additional income-producing residential units. This turnkey operation boasts 2,400 square feet of restaurant space, fully equipped and ready for immediate use. The restaurant, a landmark in the Verde Valley for over two decades, enjoys 100% occupancy and consistently strong financial performance, with a Net Operating Income (NOI) of $75,350 and a 7.18% cap rate. The property also includes two separate residential units, each currently leased on a month-to-month basis at fair market rent, providing additional income potential or a live/work option. Situated on a 0.6-acre lot with 20 parking spaces, the property features three buildings, all single-story, built in 1980 and renovated in 2006. The 4,864 square feet of net rentable space is zoned C-1, offering flexibility for future expansion or adaptation. Located at 11425 E Cornville Rd, Cornville, AZ 86325, this property presents a rare blend of established business success and significant real estate value, offering immediate returns and substantial long-term potential. Detailed financial statements are available upon request. The asking price is $995,000, representing a price per square foot of $216.

Highlights

  • Established restaurant and two residential units on 0.6-acre lot, offering a combined 4,864 square feet of rentable space.
  • 2,400 SF turnkey restaurant, fully equipped and ready for immediate operation.
  • Two separate residential units, currently leased month-to-month, providing additional income or live/work potential.
  • Convenient location near I-17 and Verde Valley wine region.
  • Financial statements and business training available upon request.
  • Existing tradename included in asking price, or create your own concept.

Property Details for 11425 Cornville Rd

Property type
Retail properties, Restaurants
Square Feet
2,400 SF
Class
B
Year Built/Renovated
1980/2006
Buildings
3
Stories
1
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Cornville
County
Yavapai
State
Arizona
Latitude
34.7171701
Longitude
-111.9011307
11425 Cornville Rd, Cornville, Arizona

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11425 Cornville Rd
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