1960 Palo Verde StYuma, AZ 85365
- Retail properties
- 8,515 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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