64904 Highway 60Salome, AZ 85348

Property Details for 64904 Highway 60

Year built

1951

Construction

FRAME

Lot size

2.00 AC

Property size (Sq ft)

780 SF

Property type

Retail space

APN

304-68-008

APU

30468008

Description

This exceptional commercial property in Salome, Arizona, presents a remarkable investment opportunity. Situated on approximately two acres of land, the property boasts a versatile zoning designation allowing for both commercial and residential uses. The main structure includes a retail shop, offering immediate income potential or the possibility for expansion and customization to suit a variety of business needs. In addition to the retail space, a sizable mobile home (approximately 1200+ square feet) is affixed to the property, providing ample living quarters or additional office space. A large carport offers convenient covered parking and storage. The property's 1,542 square feet of combined building space, coupled with the expansive two-acre lot, provides significant room for growth and development. The location in Salome offers access to a growing community and presents numerous possibilities for entrepreneurs and investors alike. This property is ideal for those seeking a blend of commercial and residential use, offering flexibility and potential for substantial returns. The existing structures provide a solid foundation for immediate use, while the ample land allows for future expansion or development. Don't miss this chance to acquire a versatile and promising commercial property in a rapidly developing area. The property is priced to sell at $250,000.

• CAP approach

  CAP return

  Valuation

  6%

  $256,717

  6.5%

  $236,969

  7%

  $220,043

• Comparable approach

  Method

  Valuation

  Relative Method

  $302,997

  Geo Method

  $302,997

• Alternative Use

  Use

  Valuation

  Residential

  $199,893

  Hospitality

  $183,101

  Educational

  $152,338

  Medical

  $157,577

  Retail

  $236,969

Location Insight

City

Salome

County

La Paz

State

Arizona

Latitude

33.7632

Longitude

-113.647

Property Tax & Assessments

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