434 London Bridge RdLake Havasu City, AZ 86403

Property Details for 434 London Bridge Rd

Year built

1983

Construction

CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

2,500 SF

Zone code

C1

Property type

Retail properties

Property subtype

Auto shops

APN

107-01-023

APU

10701023

Description

This exceptional Lake Havasu City investment opportunity presents two buildings totaling 3,500 square feet on a 0.7-acre lot. Located at 434 & 430 London Bridge Rd, this property boasts high visibility and convenient access from London Bridge Road and a rear alley. The main building features 2,500 square feet of shop space, ideal for various uses, complemented by 1,000 square feet of upstairs office or residential space, offering versatility for business operations. A significant advantage is the inclusion of an additional 0.4-acre lot (430 London Bridge Rd), expanding potential uses and development options. The property includes a substantial 12-foot-tall by 20-foot-wide garage door for easy access to the warehouse, ample off-street concrete parking in the front, and a large, fenced, secured concrete parking area in the rear, accommodating approximately 30 vehicles. Built in 1978, this property is zoned L-C-2 General Commercial, making it suitable for a range of businesses, including construction, automotive services, or marine-related enterprises. The flexible floor plan allows for separation between the downstairs and upstairs areas, catering to diverse operational needs. The asking price is $1,700,000, translating to $485.71 per square foot. This property offers a unique blend of warehouse, flex space, and land, presenting a compelling investment prospect in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $984,684

  6.5%

  $908,939

  7%

  $844,015

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,262,205

  Geo Method

  $1,262,205

• Alternative Use

  Use

  Valuation

  Residential

  $766,724

  Hospitality

  $702,315

  Educational

  $584,318

  Medical

  $604,414

  Retail

  $908,939

Location Insight

City

Lake Havasu City

County

Mohave

State

Arizona

Latitude

34.4835

Longitude

-114.352

CBSA code

29420

CBSA name

LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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