505 Catalina DrYuma, AZ 85364

Property Details for 505 Catalina Dr

Year built

1973

Construction

CONCRETE BLOCKS

Lot size

2.16 AC

Property size (Sq ft)

21,306 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Outlet malls

APN

695-26-043

APU

69526043

Description

Southgate Mall in Yuma, Arizona, offers a unique retail opportunity. This established regional mall, located at 505 W. Catalina Dr., Yuma, AZ 85364, features a single available storefront space of 3,000 square feet, perfect for a variety of businesses. The property is situated within the Southgate Mall, a larger commercial development in Yuma County. The entire mall encompasses 118,082 square feet of retail space, providing ample opportunity for synergy and foot traffic. While the minimum leasable space is 3,000 square feet, this is also the maximum contiguous space currently available. This makes it ideal for a single tenant seeking a prominent location within a well-established shopping center. The property's location at the intersection of 32nd Street and Catalina Drive ensures high visibility and accessibility for customers. The property type is classified as retail and land, offering potential for various uses within the storefront space. The property is categorized as a multi-tenant building, indicating a vibrant and active commercial environment. This presents a compelling opportunity for businesses seeking a strong presence in the Yuma market. Interested parties should inquire for further details and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $5,471,754

  6.5%

  $5,050,850

  7%

  $4,690,076

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,832,273

  Geo Method

  $8,832,273

• Alternative Use

  Use

  Valuation

  Residential

  $4,260,581

  Hospitality

  $3,902,670

  Educational

  $3,246,975

  Medical

  $3,358,644

  Retail

  $5,050,850

Location Insight

City

Yuma

County

Yuma

State

Arizona

Latitude

32.6722

Longitude

-114.626

CBSA code

49740

CBSA name

YUMA, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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