1101 Irene StPearce, AZ 85625

Property Details for 1101 Irene St

Year built

1972

Construction

STEEL FRAME

Lot size

0.52 AC

Property size (Sq ft)

1,707 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

114-18-073C

APU

11418073C

Description

This exceptional 1,707 square foot retail property, situated on a 0.52-acre lot at 1101 E Irene Street in Pearce, Arizona, presents a unique investment opportunity. Located in the heart of the Sunsites community, near the scenic Cochise Stronghold, this property boasts 45 permitted uses under the GB Zoning designation from the county. Its versatility allows for a range of possibilities, including a single-family residence, a business venture, or a combined live/work space. Previously utilized as a wine tasting room, the property is approved for a Series 13 Liquor License (details available upon request). A dedicated wine storage room complements the existing setup. The meticulously landscaped grounds feature 20 established grapevines, some ready for harvest, capitalizing on the thriving local wine community and nearby vineyards in the former golf course area. Recent high-end upgrades enhance the property's appeal, including a luxurious steam shower in one bathroom and updated flooring. This turnkey property is offered in move-in ready condition. The seller is open to owner financing

• CAP approach

  CAP return

  Valuation

  6%

  $169,136

  6.5%

  $156,126

  7%

  $144,974

• Comparable approach

  Method

  Valuation

  Relative Method

  $284,045

  Geo Method

  $284,045

• Alternative Use

  Use

  Valuation

  Residential

  $193,596

  Hospitality

  $177,333

  Educational

  $147,539

  Medical

  $152,613

  Retail

  $229,505

Location Insight

City

Sunsites

County

Cochise

State

Arizona

Latitude

31.94

Longitude

-109.838

CBSA code

43420

CBSA name

SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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