$850,000
Quartzsite, AZ 85346
MLS# 6697876
1 / 28
Property Description
THIS IS AN INCREDIBLE OPPORTUNITY to own a fabulous commercial property and a well-established family restaurant with a hard-to-beat location and easy access on/off the Interstate 10 at Exit 17. It's 2 hours west of Phoenix or east of Palm Springs on I-10, and 1-1/2 hours south of Lake Havasu or north of Yuma on Highway 95. The sale will include the adjoining parcel #306-29-024 for a TOTAL OF 2.48 ACRES! The property is situated with 300' of frontage on I-10 on the south side & 297' of frontage on Main Street to the north(per ADOT Exit 17 has 24,161 traffic count for 2022). Billboard signage on I-10 side. Ideal location near Pilot, Terrible Herbst and Luvs truck stops and has a large lot for semi parking. Together the properties are supported with an abundance of electrical power, city
Details
Maps
Contract Info
Current Price: $850,000
List Price: $850,000
Status: Active
List Date: 2024-04-27
Ownership: Fee Simple
Subagents: Y
Sub Agent $/%: %
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1265
Compass: W
Street Name: Main
St Suffix: Street
City/Town Code: Quartzsite
State/Province: AZ
Zip Code: 85346
Country: USA
County Code: La Paz
Legal Description (Abbrev): SECTION: 29 TOWNSHIP: 4N RANGE: 19W W 250' OF SW4 SE4 NE4 LYNG BTWN OLD HWY 60-70 & NEW INTERSTATE 1
Assessor's Map #: 29
Assessor's Parcel #: 15
Assessor Parcel Ltr: B
Add'l Parcels: Yes
Assessor Number: 306-29-015-B
Census Tract: 940300
Legal: MULTIPLE PARCELS---SECTION: 29 TOWNSHIP: 4N RANGE: 19W W 250' OF SW4 SE4 NE4 LYNG BTWN OLD HWY 60-70 & NEW INTERSTATE 1
Tax Municipality: Quartzsite
Taxes: 6329
Tax Year: 2023
Marketing Name: Times 3
General Property Description
Type of Property: Retail/Restaurant
Ttl Apx SqFt Bldg: 3776
# of Buildings: 1
Lot Size Dimensions: 297 X 324 X 300 X 391
Year Built: 2009
Uncvrd Parking Spcs: 50
Zoning: C-2
Flood Zone: Yes
Remarks & Misc
Cross Street: Kofa
Directions: Interstate 10 West, Exit 17, north to Main St to East on Main to Property
Geo Lat: 33.661218
Geo Lon: -114.238495
Status Change Info
Status Change Date: 2024-04-27
Legal Info
Township: 04N
Range: 19W
Section: 29
Lot Number: 015b
Cnty Rcrd Bk & Pg #: 306-29
Income & Expenses
Annual Elec Exp: 13005
Annual Gas Exp: 19451
Annual Ins Exp: 20869
Annual Legal & Acctg: 13692
Annual Maint Exp: 10010
Annual Trash Exp: 3600
Annual Wtr/Swr Exp: 6465
Owner Association: No
Annual Other Expense: 222072
Gross Annual Sch Inc: 421028
Adjusted Gross Inc: 421028
Net Operating Income: 9909
Pmt & Rate Info
Cap Rate: 1.17
1st Encumbrance: 279000
Total Owed: 279000
Equity: 571000
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Building Type: Commercial
Current Use: Restaurant; Food Service
Stories: 1 Story
Construction: Block
Roofing: Metal
Floors: Concrete; Carpet
Ceiling Height: 10.1 Feet to 12 Feet
Heating: 2 or More Units
Cooling: Central A/C; Chiller System
Loading Facilities: None
Interior: Finished; Fire Sprinklers; Halon Sprinklers; Smoke Detector(s); Security System; Security Light(s); Public Restrooms
Exterior: Pole Sign; Building Sign; Security Light(s)
Fencing: Chain Link; Partial
Amenities: Kitchen; Display Window(s)
Parking: Free; Public Parking; Paved Parking
Electric: APS; Master Meter; 220; Over 220 Amp
Gas: Propane Bottled
Water: City Franchise; Domestic Well; See Remarks
Sewer: Sewer - Public; Sewer-In & Connected
Freeway/Highway: Frontage; Up to 1 Mile
New Financing: Cash Only
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Accntnt; Tax Return
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Fixed
Roads/Streets: Gravel; Dirt; Asphalt
Traffic Count: 15,001 to 25,000
Reports/Disclosures: Seller Prop Disc Stm; Appraisal
Use Restrictions: Designated Flood Pln
Environmental: None
Supplements
water and sewer, and plenty of parking for patrons. The restaurant building is just shy of 3800 sq ft and is fully-equipped with a kitchen that includes everything necessary to start/continue your culinary journey immediately. Except for a few personal items, all FFE is included. What can be better than owning a restaurant with a loyal following, great reviews, and a stellar staff? Or is your Entreprenurial Spirit calling you to convert it into a specialty restaurant, small hotel, pet store, desert-centric business, or?? SEIZE THIS OPPORTUNITY to own an EXCEPTIONAL COMMERCIAL PROPERTY in Arizona's ATV and RV capital where every year millions come to visit, and many decide to stay!
Listing Office: LONG RIVER REALTY
Last Updated: May - 04 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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