1515 Lake Havasu AveLake Havasu City, AZ 86404

Property Details for 1515 Lake Havasu Ave

Year built

2005

Construction

STEEL FRAME

Lot size

0.43 AC

Property size (Sq ft)

6,510 SF

Zone code

R3

Property type

Office properties

Property subtype

Office buildings

APN

104-35-007

APU

10435007

Description

This exceptional 9,510-square-foot retail property, located at 1515 N Lake Havasu Ave in Lake Havasu City, Arizona (zip code 86404), presents a remarkable investment opportunity. Built in 2005, this single-story building sits on a 0.43-acre lot and boasts 1177 total parking spaces, providing ample convenience for customers and employees. Currently vacant, the space offers immense flexibility for a variety of commercial uses. Previously configured as a daycare, the property features multiple office spaces, five bathrooms, and two kitchenettes, along with a reception area. Each unit has both small and large offices and its own meter. The building also includes a substantial 3,000-square-foot garage, 60 feet wide by 50 feet deep, with a 7'x16' door, adding significant storage or operational space. The property's zoning is L-C-1 Limited Commercial, allowing for diverse possibilities. Its location is highly advantageous, just one block from Highway 95 at Palo Verde North. Potential uses include, but are not limited to, a salon, medical spa, preschool, after-school recreational center, four independent retail shops, or even a bar or restaurant. The property is offered for sale at $1,695,000 or lease at $9,000 per month on a triple net lease basis. Owner financing may be available. The Mohave County APN is 104-35-007.

• CAP approach

  CAP return

  Valuation

  6%

  $1,744,298

  6.5%

  $1,610,121

  7%

  $1,495,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,304,278

  Geo Method

  $1,304,278

• Alternative Use

  Use

  Valuation

  Residential

  $1,996,550

  Hospitality

  $1,828,829

  Educational

  $1,521,564

  Medical

  $1,573,893

  Retail

  $2,366,878

Location Insight

City

Lake Havasu City

County

Mohave

State

Arizona

Latitude

34.5179

Longitude

-114.348

CBSA code

29420

CBSA name

LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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