Cottonwood, AZ 86326
- N/ABeds
- 0.00Total Baths
- 2,216SqFt
- 1996Year Built
- 0.82Acres
- 27 yearsEst Age
- MLS# 516061
- Commercial
- Commercial
- Sold
- Approx Time on Market1 year, 11 months, 5 days
- AreaCottonwood
- CountyYavapai
- SubdivisionHopkins Rch 1 - 3
Overview
The property is located as you enter Old Town Cottonwood. Hog Wild BBQ Restaurant and Lisa Cook Salon are the tenants. Hog Wild occupies 1696 sq. ft. and is in the 3rd year of a 5 year lease renewal that commenced 10/31/16, with 3% annual rent increases plus another 5 year renewal option. Lisa Cook Salon occupies 520 sq. ft. and is in the first year of a three year lease renewal that commenced 9/30/18, with no annual rent increases or renewal options. The property has an attractive rock exterior and mature trees. With 0.82 acres, there should be room to build another rental building as long as sufficient parking is provided for all tenants. Cap rate approximately 6.02% at asking price. See Supplement.
Building Info
Year Built: 1,996
Construction: Block, Stone, Stucco
Floors: Concrete, Tile
Internal Amenities: Ceiling Fan, Fire/Smoke Alarm, Refrigerator
Roof Materials: Comp Shingle
Type Building: 2 - 4 Units
Financial
Asking Price Text: $395,000
Lot Info
Acres: 1
Road Access Type: City, Paved
Misc Info
Pet Privileges: No
Commercial Amenities: None
External Amenities: Handicap Access, Landscape, Patio/Deck, Sprinkler/Drip
Parking Info
Parking Spaces: 20+ Cars
Property Info
Class Type: Commercial
County: Yavapai
Road Maintenance: City Maintained
Sale / Lease Info
Sold Date: 2020-03-18 00:00:00
Sold Price: $380,000
Special Conditions: N/A
SqFt Info
Sqft: 2,216
Lot Size: 190 x 175 x 190 x 140
Utilities / HVAC
Cooling: Ceiling Fan(s), Evaporative Cooling, Refrigeration/Centrl
Utilities Included: 220, Cable TV, Electricity, Individual Meter, Natural Gas, Public Water, Sewer (Public), Telephone, Underground
Water Heater: Natural Gas, Two or More
Courtesy of Sound Investments
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