2032 Andy Devine AveKingman, AZ 86401

  • Retail properties
  • 5,641 SF
For Sale
$225,000 View listing

Property Details for 2032 Andy Devine Ave

Year built
1975
Construction
STEEL FRAME
Lot size
0.36 AC
Property size (Sq ft)
5,641 SF
Zone code
C2
Property type
Retail properties
Property subtype
Retail space
APN
311-18-082A
APU
31118082A

Description

This unique Kingman, Arizona commercial property, located at 2032 E Andy Devine Avenue, presents a compelling investment opportunity. Situated on a prime parcel in the heart of Kingman, this mixed-use building boasts a rich history as the former "Smokehouse Bar & Dance Hall," offering significant potential for redevelopment. The 1-square-foot building, constructed in 1975, sits on a valuable lot and is zoned K-C3 Comm: Service Business, allowing for diverse uses. While significant repairs are needed, the property's location on Route 66 and its proximity to N Stockton Hill Rd makes it an attractive prospect for entrepreneurs. Potential uses include mini-storage, mixed-use development, restaurants, or warehouse space. The property is offered as a 1031 exchange opportunity and is suitable for cash buyers only. The Mohave County Assessor's Parcel Number (APN) is 311-18-082A. This property offers a chance to capitalize on the vibrant Route 66 heritage and the growing Kingman community. The building's history and location combine to create a unique investment opportunity with substantial upside potential for the right buyer. The property consists of one building with one unit. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,221,841
    6.5%
    $2,050,930
    7%
    $1,904,435
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,848,039
    Geo Method
    $2,848,039
  • Alternative Use

    Use
    Valuation
    Residential
    $1,730,036
    Hospitality
    $1,584,704
    Educational
    $1,318,455
    Medical
    $1,363,799
    Retail
    $2,050,930
2032 Andy Devine Ave, Kingman, Arizona

Location Insight

City
Kingman
County
Mohave
State
Arizona
Latitude
35.1961
Longitude
-114.03
CBSA code
29420
CBSA name
LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$1,558
-
-
$29,434
-
$88,908
$74,612
$163,520

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