1960 Palo Verde StYuma, AZ 85365

  • Retail properties
  • 8,515 SF
For Lease

Property Details for 1960 Palo Verde St

Year built
2004
Construction
FRAME
Lot size
1.23 AC
Property size (Sq ft)
8,515 SF
Zone code
B-1
Property type
Retail properties
Property subtype
Turn key restaurants
APN
695-16-113
APU
69516113

Description

This exceptional commercial property, located at 1960 E Palo Verde St in Yuma County, offers 2,250 square feet of versatile space ideal for a restaurant, retail business, or office. Currently vacant, the property boasts a highly desirable corner location at a signalized intersection, ensuring maximum visibility and accessibility. With ample parking available, this space is perfectly positioned to attract a significant customer base. The building features a triple net (NNN) lease structure, offering predictable and manageable operating costs. Lease terms are flexible, ranging from 3 to 5 years, providing tenants with the security and stability they need to establish and grow their business. The high traffic count, exceeding 23,000 vehicles daily, underscores the significant potential for customer traffic. The property's proximity to a Walmart Supercenter further enhances its appeal and accessibility. The space can also be divided into two 1,125 square foot units, offering flexibility for smaller businesses or shared occupancy. Competitive lease rates are available, making this an attractive opportunity for businesses seeking a prime location in a thriving area. Don't miss this chance to secure a prominent space in a high-traffic location with excellent visibility and ample parking.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,186,547
    6.5%
    $2,018,351
    7%
    $1,874,183
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,529,948
    Geo Method
    $3,529,948
  • Alternative Use

    Use
    Valuation
    Residential
    $1,702,554
    Hospitality
    $1,559,531
    Educational
    $1,297,511
    Medical
    $1,342,135
    Retail
    $2,018,351
1960 Palo Verde St, Yuma, Arizona

Location Insight

City
Yuma
County
Yuma
State
Arizona
Latitude
32.6772
Longitude
-114.6
CBSA code
49740
CBSA name
YUMA, 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
2023
$10,438
$23,682
$58,768
$82,450
-
$139,305
$345,695
$485,000

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].