2860 Highway 68Bullhead City, AZ 86429

Property Details for 2860 Highway 68

Year built

2000

Lot size

4.49 AC

Property size (Sq ft)

17,745 SF

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,333,460

  6.5%

  $4,923,190

  7%

  $4,571,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,697,420

  Geo Method

  $3,697,420

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,482,090

  Mixed-Use / Specialty

  $4,953,570

  Hospitality / Lodging

  $3,696,680

  Office

  $4,974,060

  Institutional / Educational

  $5,166,840

  Residential Income

  $6,045,210

  Multifamily

  $6,984,590

  Automotive / Energy

  $4,428,720

  Parking / Income-Based Land

  $1,480,950

  Restaurant / Food Service

  $2,678,680

  Healthcare / Senior Housing

  $5,030,640

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

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