72 Smoketree AveLake Havasu City, AZ 86403

Property Details for 72 Smoketree Ave

Year built

1979

Construction

CONCRETE

Lot size

0.08 AC

Property size (Sq ft)

1,900 SF

Zone code

C1

Property type

Commercial real estate

APN

108-11-040

APU

10811040

Description

This 1,901 square foot restaurant in Lake Havasu City, Arizona, is offered at $649,900. Located at 72 S Smoketree Ave, this single-story, 1979-built property sits on a 0.08-acre lot and includes four parking spaces. The building features a meticulously clean and organized workshop area, a custom retail storefront, two bathrooms, one private office, and a large workshop with a roll-up garage door and two private parking spots in the rear. The property has undergone recent renovations, including new AC units and new flooring. The permitted zoning is L-C-1 Limited Commercial. The property's APN is 108-11-040. This multi-unit property is currently configured as a successful and profitable business, ready for new ownership. The sale includes the building and business

• CAP approach

  CAP return

  Valuation

  6%

  $576,967

  6.5%

  $532,585

  7%

  $494,543

• Comparable approach

  Method

  Valuation

  Relative Method

  $380,665

  Geo Method

  $380,665

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,015,270

  Retail / Commercial

  $527,138

  Mixed-Use / Specialty

  $530,390

  Hospitality / Lodging

  $395,812

  Office

  $532,585

  Institutional / Educational

  $553,226

  Residential Income

  $647,275

  Multifamily

  $747,856

  Automotive / Energy

  $474,194

  Parking / Income-Based Land

  $158,568

  Restaurant / Food Service

  $286,813

  Healthcare / Senior Housing

  $538,643

Location Insight

City

Lake Havasu City

County

Mohave

State

Arizona

Latitude

34.4754

Longitude

-114.332

CBSA code

29420

CBSA name

LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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