530 Lake Havasu AveLake Havasu City, AZ 86403

Property Details for 530 Lake Havasu Ave

Lot size

1.78 AC

Property type

Car washes

APN

106-16-001Q

APU

10616001Q

Description

This exceptional 1.22-acre commercial land parcel presents a unique investment opportunity in Lake Havasu City, Arizona. Located at 530 N Lake Havasu Ave, this property sits on the northeast corner of Lake Havasu Ave and Bahama Ave, offering excellent visibility and accessibility. Zoned LI (Light Industrial), this site is ideally positioned to capitalize on the area's robust growth and tourism. The property is situated north of a thriving restaurant and retail district, and just south of major retailers including Walmart, Home Depot, Lowe's, and others, ensuring high traffic volume and strong consumer presence. Lake Havasu City boasts over a million annual visitors, drawn to attractions such as the historic London Bridge, an aquatic center, extensive parkland, and numerous recreational opportunities. The city's strategic location, bisected by Interstate 40 and within close proximity to major metropolitan areas like Los Angeles, Las Vegas, and Phoenix, makes it an attractive hub for manufacturing and distribution. This prime location benefits from a strong local economy, supported by major employers such as Havasu Regional Medical Center, Lake Havasu City government, and several large retail chains. The property's APN is 106-16-001R. The asking price is $699,000. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing and popular tourist destination.

• CAP approach

  CAP return

  Valuation

  6%

  $30,539,780

  6.5%

  $28,190,566

  7%

  $26,176,954

• Comparable approach

  Method

  Valuation

  Relative Method

  $39,147,036

  Geo Method

  $39,147,036

• Alternative Use

  Use

  Valuation

  Residential

  $23,779,796

  Hospitality

  $21,782,166

  Educational

  $18,122,506

  Medical

  $18,745,768

  Retail

  $28,190,566

Location Insight

City

Lake Havasu City

County

Mohave

State

Arizona

Latitude

34.4914

Longitude

-114.347

CBSA code

29420

CBSA name

LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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