1588 Countryshire AveLake Havasu City, AZ 86403

Property Details for 1588 Countryshire Ave

Year built

1980

Construction

CONCRETE

Lot size

0.23 AC

Property size (Sq ft)

1,764 SF

Zone code

C

Property type

Retail properties

Property subtype

Retail space

APN

106-24-068

APU

10624068

Description

This exceptional 3,492 square foot flex/warehouse space in Lake Havasu City, Arizona, presents a unique investment opportunity. Located at 1588 Countryshire Ave, 86403, this Class B, two-story building boasts a versatile layout ideal for a variety of small businesses. The ground floor features a spacious shop and office area, perfect for automotive, contracting, or marine-related enterprises. Upstairs, a living area provides additional space. The property includes a large, fenced concrete rear parking area with two carports, offering ample parking for employees and customers (24 spaces total). Built in 1971 and extensively renovated in 2022, this property is move-in ready. The 0.24-acre lot is zoned C-2. Key features include a 9-foot ceiling height, one unit, and a pro-forma NOI of $62,000, resulting in a 6.29% pro-forma cap rate. The asking price is $985,000, translating to $282.07 per square foot. This owner/user investment opportunity combines functionality and convenience in a prime Lake Havasu City location. The property's APN is 106-24-068.

• CAP approach

  CAP return

  Valuation

  6%

  $694,793

  6.5%

  $641,347

  7%

  $595,537

• Comparable approach

  Method

  Valuation

  Relative Method

  $890,612

  Geo Method

  $890,612

• Alternative Use

  Use

  Valuation

  Residential

  $541,001

  Hospitality

  $495,554

  Educational

  $412,295

  Medical

  $426,474

  Retail

  $641,347

Location Insight

City

Lake Havasu City

County

Mohave

State

Arizona

Latitude

34.4892

Longitude

-114.352

CBSA code

29420

CBSA name

LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].