2200 3Rd StYuma, AZ 85364

Property Details for 2200 3Rd St

Year built

1969

Construction

CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

3,914 SF

Zone code

B-1

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

632-45-154

APU

63245154

Description

This exceptional retail opportunity presents a single-story, freestanding building encompassing 3,914 square feet situated on a sizable 12,000-square-foot lot. Located at 2200 W 3rd Street in Yuma, Arizona (zip code 85364, APN 632-45-154), this property is zoned B-1, offering versatility for a range of retail businesses. The building's prime location ensures convenient access for customers and employees, with ample parking readily available. Its strategic proximity to downtown Yuma and Interstate 8 (I-8) guarantees high visibility and accessibility, making it an ideal location to capitalize on significant foot and vehicle traffic. The property's substantial lot size provides ample space for expansion or outdoor amenities, further enhancing its appeal. This is a rare opportunity to acquire a well-positioned, established retail space in a thriving Yuma neighborhood market. The asking price is $499,000. This property is ready for immediate occupancy and presents a strong investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,005,978

  6.5%

  $928,595

  7%

  $862,267

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,622,290

  Geo Method

  $1,622,290

• Alternative Use

  Use

  Valuation

  Residential

  $783,305

  Hospitality

  $717,503

  Educational

  $596,954

  Medical

  $617,484

  Retail

  $928,595

Location Insight

City

Yuma

County

Yuma

State

Arizona

Latitude

32.7218

Longitude

-114.647

CBSA code

49740

CBSA name

YUMA, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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