2035 Mesquite AveLake Havasu City, AZ 86403

Property Details for 2035 Mesquite Ave

Year built

2000

Construction

CONCRETE

Lot size

0.65 AC

Property size (Sq ft)

6,656 SF

Zone code

R4

Property type

Healthcare properties

Property subtype

Medical offices

APN

108-06-141

APU

10806141

Description

This exceptional 5,679-square-foot medical office space in Lake Havasu City, Arizona, presents a prime leasing opportunity. Located at 2035 Mesquite Ave, at the prominent corner of Mesquite Ave and Smoketree Ave, this single-story building sits on a 0.58-acre lot and is part of the Lake Havasu City Medical District, near the Lake Havasu City Regional Hospital. Built in 1999, the property features 13 exam rooms, 7 offices, dual lobbies, and 5 bathrooms, along with ample utility and closet space. Currently vacant, this space is zoned L-C-1 General Commercial (APN: 108-06-140) and offers significant flexibility. The layout can be customized, and it's even possible to divide the space into two units to accommodate the needs of multiple tenants. The lease rate is $1.65 per square foot per month, plus NNN charges. This represents a rare chance to secure a high-quality medical facility in a desirable location. Available Fall 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $1,783,417

  6.5%

  $1,646,231

  7%

  $1,528,643

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,333,530

  Geo Method

  $1,333,530

• Alternative Use

  Use

  Valuation

  Residential

  $2,041,326

  Hospitality

  $1,869,844

  Educational

  $1,555,688

  Medical

  $1,609,191

  Retail

  $2,419,960

Location Insight

City

Lake Havasu City

County

Mohave

State

Arizona

Latitude

34.4785

Longitude

-114.331

CBSA code

29420

CBSA name

LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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