1960 Palo Verde StYuma, AZ 85365

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,733,480

  6.5%

  $1,600,130

  7%

  $1,485,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,456,800

  Geo Method

  $1,456,800

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,155,490

  Mixed-Use / Specialty

  $1,580,250

  Hospitality / Lodging

  $1,140,920

  Office

  $1,556,100

  Institutional / Educational

  $1,637,760

  Residential Income

  $1,916,180

  Multifamily

  $2,376,750

  Automotive / Energy

  $1,403,790

  Parking / Income-Based Land

  $498,437

  Restaurant / Food Service

  $791,647

  Healthcare / Senior Housing

  $1,635,060

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

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