2860 Highway 68Bullhead City, AZ 86429
- Retail properties
- 17,745 SF
Property Details for 2860 Highway 68
- Year built
- 2000
- Lot size
- 4.49 AC
- Property size (Sq ft)
- 17,745 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- 348-10-002C
- APU
- 34810002C
Description
This exceptional 4.49-acre industrial property in Bullhead City, Arizona, presents a lucrative investment opportunity. Located at 2860 E Hwy 68, this complex boasts seven buildings totaling over 200 units, including a main building exceeding 5,000 square feet, ideal for office space and marine repair operations. The property features both indoor and outdoor storage for boats and RVs, with six additional enclosed and open buildings generating substantial rental income. Currently producing over $12,000 in monthly revenue, with significant potential for growth and income doubling, this established business benefits from a history of long-term tenants and its prime location—the closest storage and marine shop to Lake Mohave in the Bullhead City area. Built in 2000, the property is zoned C3 Commercial - Minor Industrial and includes 8 parking spaces. The asking price is $2,500,000, with seller financing available requiring a 50% down payment. This turnkey operation offers a unique blend of established income and expansion potential in a high-demand market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,989,288
- 6.5%
- $6,451,650
- 7%
- $5,990,818
-
Comparable approach
- Method
- Valuation
- Relative Method
- $8,959,131
- Geo Method
- $8,959,131
-
Alternative Use
- Use
- Valuation
- Residential
- $5,442,208
- Hospitality
- $4,985,034
- Educational
- $4,147,489
- Medical
- $4,290,128
- Retail
- $6,451,650
Location Insight
- City
- Bullhead City
- County
- Mohave
- State
- Arizona
- Latitude
- 35.1896
- Longitude
- -114.532
- CBSA code
- 29420
- CBSA name
- LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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