315 515Th AveTonopah, AZ 85354

  • Strip malls
  • 7,840 SF
For Sale
$1,150,000 View listing

Property Details for 315 515Th Ave

Year built
1961
Construction
CONCRETE
Lot size
0.73 AC
Property size (Sq ft)
7,840 SF
Zone code
C-2
Property type
Strip malls
Property subtype
Neighborhood centers
APN
506-29-021C
APU
50629021C

Description

This exceptional investment opportunity presents the chance to acquire a well-established grocery store in the rapidly expanding town of Tonopah, Arizona. Located at 315 S 515TH Avenue Unit 315, this thriving market, known as Rio Valley Market, serves the local community and passing travelers, providing a vital source of groceries, fresh produce, and essential goods. The 0.73-acre lot offers ample space for potential expansion or future development. The business boasts a strong track record of success, built on a loyal customer base and a reputation for quality products and service. The current owner is dedicated to facilitating a smooth transition for the new owner, offering comprehensive training and ongoing support to ensure continued profitability and operational efficiency. This turnkey operation presents a rare opportunity to own a profitable business in a high-growth market with significant potential for future expansion and increased revenue. The asking price is $1,150,000. This is an ideal acquisition for an experienced entrepreneur seeking a well-established business with a proven track record or for an investor looking for a strong return in a dynamic market. Serious inquiries only. Financial statements and further details are available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,761,099
    6.5%
    $2,548,707
    7%
    $2,366,656
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,045,511
    Geo Method
    $3,045,511
  • Alternative Use

    Use
    Valuation
    Residential
    $2,149,930
    Hospitality
    $1,969,324
    Educational
    $1,638,454
    Medical
    $1,694,803
    Retail
    $2,548,707

Location Insight

City
Tonopah
County
Maricopa
State
Arizona
Latitude
33.4441
Longitude
-113.162
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$3,077
-
-
$63,590
-
$64,600
$320,796
$385,396

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