2187 Mcculloch BlvdLake Havasu City, AZ 86403

Property Details for 2187 Mcculloch Blvd

Year built

1999

Construction

CONCRETE

Lot size

0.11 AC

Property size (Sq ft)

1,427 SF

Zone code

CR

Property type

Office properties

Property subtype

Office buildings

APN

108-12-049

APU

10812049

Description

This thriving Lake Havasu City business, "Grapes N Grains," is offered at $350,000. Located at 2187 McCulloch Blvd N, 86403, this 1,427 square foot, single-story establishment built in 1972 sits in a prime downtown location with L-MU-UMS Mixed Use Uptown Main Street zoning. The property includes a fully operational kitchen equipped with a cooktop, commercial hood, and walk-in cooler – a significant advantage, eliminating the substantial costs of new installations. A key asset is the included Series 7 liquor license, allowing for the immediate sale of beer and wine. The opportunity exists to secure a long-term lease, providing stability and potential for growth within a vibrant downtown area. This turnkey operation presents a rare chance to capitalize on an established business in a high-traffic location, offering immediate revenue potential and the flexibility to expand food service offerings. The property's single-building structure simplifies operations, and its established presence in the community provides a strong foundation for future success. This is a unique opportunity for an investor seeking a profitable and established business in a desirable location. Directions: From Acoma to McCulloch.

• CAP approach

  CAP return

  Valuation

  6%

  $382,352

  6.5%

  $352,940

  7%

  $327,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $285,899

  Geo Method

  $285,899

• Alternative Use

  Use

  Valuation

  Residential

  $437,646

  Hospitality

  $400,882

  Educational

  $333,529

  Medical

  $344,999

  Retail

  $518,822

Location Insight

City

Lake Havasu City

County

Mohave

State

Arizona

Latitude

34.4755

Longitude

-114.323

CBSA code

29420

CBSA name

LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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