817-833 Hancock RdBullhead City, AZ 86442

Property Details for 817-833 Hancock Rd

Year built

1984

Property size (Sq ft)

9,221 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Bullhead City

County

Mohave

State

Arizona

Latitude

35.108

Longitude

-114.621

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