700 4Th StBenson, AZ 85602

Property Details for 700 4Th St

Year built

1987

Lot size

0.31 AC

Property size (Sq ft)

2,400 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

123-24-003E

APU

12324003E

Description

This exceptional investment opportunity in Benson, Arizona, presents a turnkey restaurant and two income-generating rental units on a combined 0.57-acre lot. The property comprises two parcels, 123-24-003E and 123-24-003D, offering flexibility for potential separation. The established restaurant, operating successfully for two decades, boasts a loyal customer base and serves lunch and dinner. The current owners are retiring, presenting a unique chance for ownership. Two apartments generate additional rental income: a 1301 sq ft, 3-bedroom, 3-bathroom unit currently rented for $900 per month, and a 520 sq ft, 1-bedroom, 1-bathroom unit rented for $450 per month. This translates to a combined monthly rental income of $1350. The restaurant is offered at $375,000. The seller is open to financing options, including carrying the note or leasing the restaurant space for $1,500 per month. This presents a compelling opportunity to acquire a profitable, established business with significant rental income potential. The property's size and configuration offer considerable upside for future expansion or development. This is a rare chance to own a well-established business with immediate cash flow.

• CAP approach

  CAP return

  Valuation

  6%

  $349,568

  6.5%

  $322,678

  7%

  $299,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,006,387

  Geo Method

  $1,006,387

• Alternative Use

  Use

  Valuation

  Residential

  $272,191

  Hospitality

  $249,326

  Educational

  $207,436

  Medical

  $214,570

  Retail

  $322,678

Location Insight

City

Benson

County

Cochise

State

Arizona

Latitude

31.9653

Longitude

-110.286

CBSA code

43420

CBSA name

SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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