895 Wickenburg WayWickenburg, AZ 85390

Property Details for 895 Wickenburg Way

Year built

1950

Construction

STEEL FRAME

Lot size

0.93 AC

Property size (Sq ft)

1,542 SF

Zone code

C-G

Property type

Retail properties

Property subtype

Retail space

APN

503-01-002K

APU

50301002K

Description

This exceptional 40,510 square foot commercial land parcel is strategically located at 895 E Wickenburg Way in Wickenburg, Arizona, zip code 85390. Boasting excellent visibility from a busy highway, this property presents a multitude of development opportunities. Currently operating as a landscape nursery, the possibilities are vast and include, but are not limited to, commercial, retail, restaurant, office, or even a continuation of the existing nursery business. The sale includes an existing billboard and its associated income stream, adding significant value to the investment. The property's 1,500 square feet of existing structures are included in the sale price of $650,000. The property is situated in Maricopa County and offers significant potential for a savvy investor seeking a high-traffic location with diverse usage potential. Please note that the current tenants should not be disturbed. This is a rare opportunity to acquire a well-positioned commercial property in a growing Arizona market. The property's location offers easy access to major transportation routes, ensuring high visibility and accessibility for any future business. Don't miss this chance to own a piece of Wickenburg's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $363,389

  6.5%

  $335,436

  7%

  $311,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $599,002

  Geo Method

  $599,002

• Alternative Use

  Use

  Valuation

  Residential

  $282,953

  Hospitality

  $259,183

  Educational

  $215,637

  Medical

  $223,053

  Retail

  $335,436

Location Insight

City

Wickenburg

County

Maricopa

State

Arizona

Latitude

33.96

Longitude

-112.713

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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