6195 Cave Creek RdCave Creek, AZ 85331

Property Details for 6195 Cave Creek Rd

Year built

2007

Construction

STEEL FRAME

Lot size

0.10 AC

Property size (Sq ft)

3,062 SF

Zone code

C-T

Property type

Retail properties

Property subtype

Retail space

APN

211-11-938

APU

21111938

Description

This exceptional 3,107 sq ft, two-story storefront in downtown Cave Creek, Arizona (APN 211-11-938) is offered at $1,100,000. Built in 2007, this well-recognized building sits on a 4,295 sq ft lot and is zoned CN City of Cave Creek. Currently operating as a retail space on the ground floor, the upper level historically housed nine individually secured office suites. The property features two restrooms on each floor, and is ideally suited for food-related uses, retail, art, or consignment on the ground floor. The upper level offers potential for additional income through leasing individual office spaces or conversion to other uses, such as a bed and breakfast, complementing a restaurant or retail space below. The building boasts four, three-phase 120/240 panels and four, six-ton HVAC units, two on each floor. Non-load bearing walls on the second level (verification recommended). Blueprints are available with an acceptable offer. The existing business does not convey; owners plan to relocate out of state. Showings are by private arrangement. This is a unique opportunity to own an iconic location in a thriving Western community, adjacent to Big Earl's, a location featured in several films. Please do not disturb business operations or customers.

• CAP approach

  CAP return

  Valuation

  6%

  $904,071

  6.5%

  $834,527

  7%

  $774,918

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,303,491

  Geo Method

  $1,303,491

• Alternative Use

  Use

  Valuation

  Residential

  $703,954

  Hospitality

  $644,819

  Educational

  $536,481

  Medical

  $554,932

  Retail

  $834,527

Location Insight

City

Cave Creek

County

Maricopa

State

Arizona

Latitude

33.8316

Longitude

-111.948

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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