161 Main StSnowflake, AZ 85937

Property Details for 161 Main St

Year built

1940

Construction

CONCRETE

Lot size

0.41 AC

Property size (Sq ft)

3,706 SF

Zone code

MUNICIPAL

Property type

Hospitality properties

Property subtype

Motels

APN

202-11-198K

APU

20211198K

Description

This exceptional commercial property, located at 161 North Main Street in the thriving town of Snowflake, Arizona, presents a unique investment opportunity. Boasting a substantial 6,283 square feet of versatile space, this building sits on a generous 0.51-acre lot, offering ample room for expansion, parking, or outdoor activities. The property's prime location on Main Street ensures high visibility and accessibility, making it ideal for a wide range of commercial uses. The building's substantial size allows for diverse configurations, catering to businesses requiring significant space for operations, storage, or retail display. The 0.51-acre lot provides flexibility for future development or expansion, accommodating potential growth and adaptation to evolving business needs. Snowflake's growing economy and strong community make this a particularly attractive location for businesses seeking a stable and prosperous environment. The asking price of $2,445,000 reflects the property's significant size, prime location, and considerable potential for return on investment. This is a rare opportunity to acquire a substantial commercial property in a desirable Arizona location. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate occupancy and presents a compelling opportunity for a discerning investor or business owner.

• CAP approach

  CAP return

  Valuation

  6%

  $1,234,120

  6.5%

  $1,139,188

  7%

  $1,057,817

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,964,599

  Geo Method

  $1,964,599

• Alternative Use

  Use

  Valuation

  Residential

  $1,243,662

  Hospitality

  $1,139,188

  Educational

  $947,791

  Medical

  $980,387

  Retail

  $1,474,341

Location Insight

City

Snowflake

County

Navajo

State

Arizona

Latitude

34.5117

Longitude

-110.079

CBSA code

43320

CBSA name

SHOW LOW, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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