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
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
More Information MLS# 1016360
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
General Property Description
Aprx Acres: 1.58
Lot Size: 68,825
Buildings: 2
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 461460
Management: Owner
Gross Vol/Yr $: 110880
Vac Rate %: 100
CAM $: 0
GRM: 11.63
CC & R: No
CC & R Type: None
Traffic Count Per Day: 2830000
CC & R Fees: 0
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 10,476
Space Available: No
Date Available: 2018-10-22
Suite #: 6
Total Liveable SqFt: 10476
Year Built: 1984
NOI $: 92615
Cap %: 7.12
Baths - Full: 6
Total Bathrooms: 71
Tax Info
Taxes: 9843
Tax Year: 2019
Builder Name: Unkown
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
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 110
Financing: Owner Will Carry
Under Contract Date: 2019-06-11
Sold Date: 2019-08-29
Sold Price: $1,150,000
Building Type
5+ Units: 1
Auto: 1
Bar: 1
Food Service: 1
Ground Lease: 1
Retail - Shopping Center: 1
Construction
Block/Brick: 1
Frame - Wood: 1
Stucco: 1
Other - See Remarks: 1
Cooling
Central Air: 1
Evaporative Cooling: 1
Gas Pack: 1
Other: 1
See Remarks: 1
External Amenities
Drip System: 1
Fence: 1
Landscaped: 1
Paved Parking: 1
Storage Yard: 1
Flooring
Concrete: 1
Laminate: 1
Vinyl: 1
Heating
Natural Gas: 1
Zoned: 1
Possession
At Recordation: 1
Records Available
Alta Survey: 1
Phase I: 1
Site Plan: 1
Other - See Remarks: 1
Road Responsibility
City Maintained Road: 1
Paved: 1
State Maintained Road: 1
Roof
Asphalt Shingle: 1
Other - See Remarks: 1
Bathrooms
Interior: 1
Other - See Remarks: 1
Business Location
Commercial Strip: 1
Corner Location: 1
Freestanding Bldg: 1
Redevelopment Area: 1
Traffic Signal: 1
Terms & Conditions
Conventional: 1
Submit: 1
Trade: 1
Other - See Remarks: 1
Commercial Amenities
Ceiling Ht. 12-15: 1
Grade Level: 1
Overhead Door(s): 1
Roll-Up Door(s): 1
Other - See Remarks: 1
Utilities Installed
220: 1
3 Phase: 1
Electricity: 1
Fire Hydrant: 1
Individual Meter: 1
Natural Gas: 1
Telephone: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Other - See Remarks: 1
Internal Amenities
Bathroom: 1
Kitchen: 1
Other - See Remarks: 1
Parking
On-Site: 1
Storage: 1
Trailer: 1
Truck: 1
ContractAddressLegal
Original List Price: 1299000
Listing Date: 2018-10-22
Status: Closed
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
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
#306-23-016H Boundaries ›
Listing Office:
Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: June - 20 - 2023
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