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

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

More Information

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
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