55 Yavapai StWickenburg, AZ 85390

Property Details for 55 Yavapai St

Year built

1961

Construction

CONCRETE

Lot size

0.12 AC

Property size (Sq ft)

4,502 SF

Zone code

C-2

Property type

Office buildings

APN

505-50-085A

APU

50550085A

Description

This exceptional commercial property, situated at 55 E Yavapai Street Unit 55 in the heart of Wickenburg, Arizona, presents a unique investment opportunity. Boasting a prominent downtown location, this 4,502 square foot building sits on a 0.12-acre lot (5,250 square feet) and is zoned C-2, allowing for a wide range of commercial uses. Historically occupied by long-term tenants, the property offers immediate income potential with the current lease expiring in March 2025. The building's current configuration includes four offices, two and a half bathrooms, a small kitchen, three cubbies, and two large rooms, providing ample space for various business needs. Three exits and a loading dock enhance functionality and accessibility. The property's prime location offers unparalleled convenience, with close proximity to grocery stores, churches, restaurants, and retail shops, ensuring high visibility and foot traffic. Current tenants are responsible for all utilities and rent, minimizing owner expenses. This property's blend of historical charm, versatile layout, and strategic location makes it an ideal investment for discerning buyers seeking a strong return on investment in a thriving Arizona community. The endless potential for redevelopment or continued rental income makes this a truly compelling opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $721,731

  6.5%

  $666,213

  7%

  $618,626

• Comparable approach

  Method

  Valuation

  Relative Method

  $693,983

  Geo Method

  $693,983

• Alternative Use

  Use

  Valuation

  Residential

  $826,104

  Hospitality

  $756,707

  Educational

  $629,571

  Medical

  $651,223

  Retail

  $979,333

Location Insight

City

Wickenburg

County

Maricopa

State

Arizona

Latitude

33.9698

Longitude

-112.732

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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