20 White Mtn BlvdPinetop-Lakeside, AZ 85935

Property Details for 20 White Mtn Blvd

Year built

1986

Construction

CONCRETE

Lot size

10.70 AC

Property size (Sq ft)

29,229 SF

Zone code

MUNICIPAL

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

311-24-009A

APU

31124009A

Description

White Mountain Village, located at 20 E White Mountain Blvd, Pinetop-Lakeside, AZ 85935, presents a unique retail investment opportunity. This multi-tenant shopping center offers spaces ranging from 900 to 25,794 square feet, ideal for a variety of businesses. Seven spaces are currently available. The property boasts a prime location along SR 260, the main thoroughfare through Pinetop-Lakeside, ensuring high visibility and accessibility. Benefit from proximity to a high-performing Safeway store, as well as other established tenants including Goodwill and Starbucks. Monument signage is available for increased brand awareness. The center underwent exterior renovations in 2019, enhancing its curb appeal and functionality. This location enjoys significant traffic due to its proximity to Sunrise Park Resort, Arizona's largest ski resort and summer outdoor adventure park, attracting over 100,000 annual visitors. Further enhancing the area's appeal is a planned 56-acre recreational venue adjacent to the property. This development promises to further increase foot traffic and create a vibrant community hub. The property is situated in Navajo County. This is a rare chance to secure retail space in a thriving Arizona mountain community with strong tourism and local demographics.

• CAP approach

  CAP return

  Valuation

  6%

  $6,632,124

  6.5%

  $6,121,961

  7%

  $5,684,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,256,538

  Geo Method

  $12,256,538

• Alternative Use

  Use

  Valuation

  Residential

  $5,164,103

  Hospitality

  $4,730,291

  Educational

  $3,935,546

  Medical

  $4,070,896

  Retail

  $6,121,961

Location Insight

City

Pinetop

County

Navajo

State

Arizona

Latitude

34.1422

Longitude

-109.954

CBSA code

43320

CBSA name

SHOW LOW, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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