503 Main StSafford, AZ 85546

Property Details for 503 Main St

Year built

1915

Construction

CONCRETE

Lot size

0.06 AC

Property size (Sq ft)

2,481 SF

Property type

Retail properties

Property subtype

Bars

APN

102-22-341

APU

10222341

Description

This exceptional 2,481 square foot industrial property, located at 503 W Main Street in the heart of historic downtown Safford, Arizona, presents a unique investment opportunity. Built in 1915, the building retains its original charm while offering significant potential for a variety of commercial uses. The property sits on a 0.06-acre lot and is zoned C-1 Commercial, allowing for diverse business ventures. Imagine transforming this space into a thriving boutique, a welcoming café, or a professional office – the possibilities are endless. The building's convenient alley access provides easy loading and unloading, making it particularly suitable for retail or restaurant operations. This location offers unparalleled exposure within the vibrant and historic downtown Safford community, a bustling area brimming with potential for growth and success. The asking price is $270,000. This is a rare chance to own a piece of Safford's rich history and capitalize on its promising future. Don't miss this opportunity to acquire a truly unique and versatile commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $361,366

  6.5%

  $333,569

  7%

  $309,743

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,040,353

  Geo Method

  $1,040,353

• Alternative Use

  Use

  Valuation

  Residential

  $281,378

  Hospitality

  $257,741

  Educational

  $214,437

  Medical

  $221,812

  Retail

  $333,569

Location Insight

City

Safford

County

Graham

State

Arizona

Latitude

32.8331

Longitude

-109.713

CBSA code

40940

CBSA name

SAFFORD, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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