$1,500,000
Cave Creek, AZ 85331
MLS# 6379908
Status: Closed
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Property Description
Now is your opportunity to get a piece of Cave Creek while it is exploding in population, residential and commercial growth! High demand for small businesses looking for new space. This beautifully updated gem in the desert, is located in the heart of downtown Cave Creek. Operate your business in the middle of dozens of other thriving businesses or invest in a performing property, or benefit from a well taken care of passive investment where are suites are fully leased out. Suites are built to suit and newly renovated with their own designated restroom for each suite. Property has had new landscaping, new exterior paint/finishes and more. The possibilities are endless! All facts and figures are approximate and must be verified by buyer. One listing agent is related to seller.
Details
Maps
Contract Info
Current Price: $1,500,000
Sold Price: $1,500,000
Status: Closed
List Date: 2022-04-07
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: F36
House Number: 38252
Compass: N
Street Name: JACQUELINE
St Suffix: Drive
City/Town Code: Cave Creek
State/Province: AZ
Zip Code: 85331
Country: USA
County Code: Maricopa
Legal Description (Abbrev): PT NW4 SE4 SEC 28 ALSO BEING DESC AS PARC C EX TH PT PARC C DAF BEG NW COR SD PARC C TH E 23F TH S 6
Assessor's Map #: 8
Assessor's Parcel #: 48
Assessor Parcel Ltr: J
Add'l Parcels: No
Assessor Number: 211-08-048-J
Census Tract: 30402
Legal: PT NW4 SE4 SEC 28 ALSO BEING DESC AS PARC C EX TH PT PARC C DAF BEG NW COR SD PARC C TH E 23F TH S 6
Tax Municipality: Cave Creek
Taxes: 6831
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 5998
# of Buildings: 1
Year Built: 2001
Uncvrd Parking Spcs: 40
Zoning: Commercial
Flood Zone: TBD
Remarks & Misc
Cross Street: Cave Creek and Jacqueline Dr
Directions: Cave Creek & Jacqueline Dr. N. on Jacqueline to OUT WEST Building on left.
Geo Lat: 33.8335
Geo Lon: -111.949513
Status Change Info
Status Change Date: 2023-04-14
Off Market Date: 2023-04-14
Under Contract Date: 2023-03-18
Close of Escrow Date: 2023-04-14
Sold Price: $1,500,000
Legal Info
Township: 6N
Range: 4E
Section: 28
Lot Number: tbd
Income & Expenses
Annual Elec Exp: 5000
Annual Ins Exp: 2500
Annual Trash Exp: 2000
Annual Wtr/Swr Exp: 1000
Owner Association: No
Operating Exp: 17331
Gross Annual Sch Inc: 138000
Vacancy Allowance: 0.05
Adjusted Gross Inc: 131100
Net Operating Income: 110000
Pmt & Rate Info
Cap Rate: 6.92
Equity: 1590000
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Mixed Use; Retail
Stories: 1 Story
Construction: Stucco; Frame - Wood
Roofing: Built-Up; Foam
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet
Cooling: Central A/C; Heat Pump
Loading Facilities: Grade Level
Interior: Finished to Suit; Fire Sprinklers; Smoke Detector(s); Security System; Alarm System; Phone System; Private Restrooms
Exterior: Landscaping; Roof Sign; Building Sign; Monument Sign
Fencing: None
Amenities: Reception Room; Kitchen
Parking: Fee; Public Parking
Electric: APS; City Electric; 220
Gas: SW Gas; None
Water: City Franchise
Sewer: Sewer - Public
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner; Projected Proforma
Reports/Disclosures: None
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: April - 19 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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