990 N State Route #89, Chino Valley, AZ 86323

$1,150,000
Property Type: Commercial/Indstrial Baths: 71 Square Footage: 10,476 Lot Size (sq. ft.): 68,825 Status: Closed
Current Price: $1,150,000 List Date: 4/26/2019 Last Modified: 6/20/2023

Overview

Description

This Property is located in the Center of the Chino Valley Business District. The National Anchor Business's are: Safeway Grocery Store, Walgreens Drug Store, Pet Club, Dollar General, Sonic Foods, Kentucky Fried Chicken, Taco Bell, OneAZ Credit Union, Chase Bank, Medical Facilities, Educational Institutions plus many local Retailers & Restaurants. This Section of Highway #89 has Traffic rate of between 28-30,000 Vehicles a Day. The 7.2% CAP Rate is based with the Value of an Additional .66 Acres of Vacant Land which earns an additional $300.00 per month that is not figured into the CAP Rate; the Actual CAP Rate of the Income Producing Property Is Even Greater Than 7.2%. This is a Great Investment Opportunity which Affords you an Immediate Income Stream from the Existing Structure an

Listing Details MLS# 1016360

ContractAddressLegal

Original List Price
1299000
Listing Price
1299000
Street #
990
Direction
N
Street Name
State Route #89
City/Township
Chino Valley
State
AZ
Zip Code
86323
Subdivision
None
County
Yavapai
Tax Parcel
306-23-016H/G

General Property Description

Aprx Acres
1.58
Buildings
2
Total Liveable SqFt
10476
Source of Measuremnt
County Assessor
Stories
Yes
Parking Spaces
461460
Year Built
1984
Management
Owner
Vac Rate %
100
Gross Vol/Yr $
110880
NOI $
92615
Cap %
7.12
Baths - Full
6
GRM
11.63
Traffic Count Per Day
2830000
Property Use
Investment Prop
Construction Status
Existing
Max Contgs/Bldg Sz
10,476
Space Available
No
Date Available
2018-10-22
Total Bathrooms
71
Suite #
6
CC & R
No
CC & R Type
None
CAM $
0
CC & R Fees
0

Tax Info

Taxes
9843
Tax Year
2019
Builder Name
Unkown

Status Change Info

Under Contract Date
2019-06-11
Sold Date
2019-08-29
Sold Price/SqFt
110
Financing
Owner Will Carry

Contract/Address/Legal

List Price/SqFt
124
Neighborhood
N/A
Comm Type
Shopping Center
REO/Short Sale
Not Applicable
Zoning
CH
Business Name
Various
Zoning Description
Commercial Heavy
Business Type
Various
Legal
AN IRREG PCL NW4NE4 NW COR APPROX 25' S & 382' E FROM N4 COR OF S EC 22-16-2W CONT .92AC and A RECT PCL NW4NE4 NW COR APPROX 210' E & 25' S FROM N4 COR OF SEC 22-16-2W CONT .66AC

Remarks & Misc

Directions
From Prescott, AZ. North on State Highway #89 to the Intersection of Highway #89 and Road 2 North in Chino Valley; the Subject Property is Located on the Southwest Corner of this Intersection.
Remarks
This Property is located in the Center of the Chino Valley Business District. The National Anchor Business's are: Safeway Grocery Store, Walgreens Drug Store, Pet Club, Dollar General, Sonic Foods, Kentucky Fried Chicken, Taco Bell, OneAZ Credit Union, Chase Bank, Medical Facilities, Educational Institutions plus many local Retailers & Restaurants. This Section of Highway #89 has Traffic rate of between 28-30,000 Vehicles a Day. The 7.2% CAP Rate is based with the Value of an Additional .66 Acres of Vacant Land which earns an additional $300.00 per month that is not figured into the CAP Rate; the Actual CAP Rate of the Income Producing Property Is Even Greater Than 7.2%. This is a Great Investment Opportunity which Affords you an Immediate Income Stream from the Existing Structure an

More Information

Office/Member Info

Listing Exclusions
No

Building Type

5+ Units
Yes
Auto
Yes
Bar
Yes
Food Service
Yes
Ground Lease
Yes
Retail - Shopping Center
Yes

Construction

Block/Brick
Yes
Frame - Wood
Yes
Stucco
Yes
Other - See Remarks
Yes

Cooling

Central Air
Yes
Evaporative Cooling
Yes
Gas Pack
Yes
Other
Yes
See Remarks
Yes

External Amenities

Drip System
Yes
Fence
Yes
Landscaped
Yes
Paved Parking
Yes
Storage Yard
Yes

Flooring

Concrete
Yes
Laminate
Yes
Vinyl
Yes

Heating

Natural Gas
Yes
Zoned
Yes

Possession

At Recordation
Yes

Records Available

Alta Survey
Yes
Phase I
Yes
Site Plan
Yes
Other - See Remarks
Yes

Road Responsibility

City Maintained Road
Yes
Paved
Yes
State Maintained Road
Yes

Roof

Asphalt Shingle
Yes
Other - See Remarks
Yes

Bathrooms

Interior
Yes
Other - See Remarks
Yes

Business Location

Commercial Strip
Yes
Corner Location
Yes
Freestanding Bldg
Yes
Redevelopment Area
Yes
Traffic Signal
Yes

Terms & Conditions

Conventional
Yes
Submit
Yes
Trade
Yes
Other - See Remarks
Yes

Commercial Amenities

Ceiling Ht. 12-15
Yes
Grade Level
Yes
Overhead Door(s)
Yes
Roll-Up Door(s)
Yes
Other - See Remarks
Yes

Utilities Installed

220
Yes
3 Phase
Yes
Electricity
Yes
Fire Hydrant
Yes
Individual Meter
Yes
Natural Gas
Yes
Telephone
Yes
Underground
Yes
Water - City
Yes
WWT - City Sewer
Yes
Other - See Remarks
Yes

Internal Amenities

Bathroom
Yes
Kitchen
Yes
Other - See Remarks
Yes

Parking

On-Site
Yes
Storage
Yes
Trailer
Yes
Truck
Yes

Property Features

Bathrooms: Interior; Other - See Remarks Building Type: 5+ Units; Auto; Bar; Food Service; Ground Lease; Retail - Shopping Center Business Location: Commercial Strip; Corner Location; Freestanding Bldg; Redevelopment Area; Traffic Signal Commercial Amenities: Grade Level; Roll-Up Door(s); Ceiling Ht. 12-15; Overhead Door(s); Other - See Remarks Construction: Block/Brick; Frame - Wood; Stucco; Other - See Remarks Cooling: Central Air; Evaporative Cooling; Gas Pack; Other; See Remarks External Amenities: Drip System; Fence; Landscaped; Paved Parking; Storage Yard Flooring: Concrete; Laminate; Vinyl Heating: Natural Gas; Natural Gas; Zoned Internal Amenities: Bathroom; Kitchen; Other - See Remarks Parking: On-Site; Storage; Trailer; Truck Possession: At Recordation Records Available: Alta Survey; Phase I; Site Plan; Other - See Remarks Road Responsibility: City Maintained Road; Paved; State Maintained Road Roof: Asphalt Shingle; Other - See Remarks Utilities Installed: 220; 3 Phase; Electricity; Fire Hydrant; Individual Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer; Other - See Remarks

Documents

Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: June - 20 - 2023
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.
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