1407 Mcculloch BlvdLake Havasu City, AZ 86403

Property Details for 1407 Mcculloch Blvd

Year built

1989

Construction

FRAME

Lot size

0.77 AC

Property size (Sq ft)

9,440 SF

Property type

Individual retail properties

APN

107-74-003A

APU

10774003A

Description

This exceptional 9,440-square-foot office building, situated in Lake Havasu City, Arizona, presents a compelling investment opportunity. Located at 1407 McCulloch Blvd N, this single-story, Class B building boasts a prime location in a resort area, conveniently close to restaurants, shopping, and the iconic London Bridge. Built in 1986 and extensively renovated in 2018, the property features a spacious layout with open work areas, private offices, a kitchen, and training rooms, offering versatility for various business types. The property includes 46 parking spaces and sits on a 0.72-acre lot, zoned C-1 Commercial. Recent significant upgrades include a new roof (March 2024), eight new HVAC units (March 2023), and a new double lift pump system (March 2024), ensuring efficient and cost-effective operation. Currently vacant, this owner-user investment presents a unique chance to acquire a substantial commercial space in a thriving tourist destination. The asking price is $2,200,000, translating to $233.05 per square foot. Floor plans are available upon request. The property's APN is 107-74-003a.

• CAP approach

  CAP return

  Valuation

  6%

  $2,837,300

  6.5%

  $2,619,040

  7%

  $2,431,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,966,960

  Geo Method

  $1,966,960

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,044,290

  Mixed-Use / Specialty

  $2,635,200

  Hospitality / Lodging

  $1,966,560

  Office

  $2,646,110

  Institutional / Educational

  $2,748,660

  Residential Income

  $3,215,930

  Multifamily

  $3,715,670

  Automotive / Energy

  $2,356,000

  Parking / Income-Based Land

  $787,835

  Restaurant / Food Service

  $1,425,010

  Healthcare / Senior Housing

  $2,676,200

Location Insight

City

Lake Havasu City

County

Mohave

State

Arizona

Latitude

34.4719

Longitude

-114.35

CBSA code

29420

CBSA name

LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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