$13,500,000
Cave Creek, AZ 85331
MLS# 6651112
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Property Description
Frontier Town, a prime 6.02-acre property spanning three parcels in the charming town of Cave Creek, AZ is zoned TCC (Town Commercial Core), offering flexibility in use and specialty. Under the same ownership since 1971, Frontier Town has been a cornerstone of community life, hosting over a dozen retail tenants offering a diverse array of goods. It is a canvas for redevelopment, presenting a blank slate for your vision. Hooked to city water and sewer, SW gas and APS electric, it has 110, 220, & 3-phase so ''power galore''. Strategically situated with 151 feet of frontage to Cave Creek Rd., Frontier Town enjoys proximity to notable destinations like the CIVANA Wellness Resort and Spa & the prestigious Desert Mountain Golf Club.
Details
Maps
Contract Info
Current Price: $13,500,000
List Price: $13,500,000
Status: Active
List Date: 2024-01-16
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 6245
Compass: E
Street Name: CAVE CREEK
St Suffix: Road
City/Town Code: Cave Creek
State/Province: AZ
Zip Code: 85331
Zip4: 8713
Country: USA
County Code: Maricopa
Assessor's Map #: 10
Assessor's Parcel #: 26
Assessor Parcel Ltr: B
Add'l Parcels: Yes
Assessor Number: 211-10-026-B
Census Tract: 30402
Legal: BEG AT PT 680F E OF NW COR SE4 SE4 TH E 44.33F TH S 240F TH W 60F TH S 80F TH E 60F TH S TO N LN V ILLAGE VISTA SUB TH
Tax Municipality: Cave Creek
Tax District: 93
Taxes: 17867
Tax Year: 2022
Marketing Name: Frontier town
General Property Description
Type of Property: Shopping Center
Ttl Apx SqFt Bldg: 16353
# of Buildings: 12
Lot Size Dimensions: Par1) 85,813; Par 2) 58,806; Par 3) 117,743
Year Built: 1971
Uncvrd Parking Spcs: 400
Zoning: Com Core & Buff
Flood Zone: TBD
Remarks & Misc
Cross Street: Cave Creek Rd & Linda Dr.
Directions: South side of Cave Creek Rd. In downtown Cave Creek. Approx. 150 yards west of School House Rd.
Geo Lat: 33.831476
Geo Lon: -111.945645
Status Change Info
Status Change Date: 2024-01-16
Legal Info
Township: 6N
Range: 4E
Section: 28
Bay Info
# of Bays: 1
# of Bay Doors: 1
Income & Expenses
Owner Association: No
Operating Exp: 17867
Net Operating Income: 353013.06
Pmt & Rate Info
Cap Rate: 2.61
Equity: 13500000
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial; Office; Distribution/Warehse; Other (See Remarks)
Current Use: Retail PAD; Restaurant; Office; Warehouse; Retail; Food Service; Bar; Other; See Remarks
Stories: 1 Story
Construction: Block; Stucco; Metal; Frame - Wood; Brick; Ducts Professionally Air-Sealed
Roofing: Comp Shingle; Built-Up; Foam; Metal; Other (See Remarks)
Floors: Concrete; Sealed; Wood; Ceramic Tile; Carpet; Other
Ceiling Height: 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet; 12.1 Feet to 14 Feet; 14.1 Feet to 16 Feet; 16.1 Feet to 28 Feet; 28.1 Feet or Over
Heating: Heat Pump; Office Heated; Other; See Remarks
Cooling: Window/Wall Unit; Office A/C; Roof Turbine(s); Heat Pump; Other; See Remarks
Loading Facilities: Grade Level; Drive-in Door(s)
Interior: Finished; Smoke Detector(s); Security System; Alarm System; Safe/Vault; Private Restrooms; Public Restrooms; Other (See Remarks)
Exterior: Corner Lot; Dual Street Ftg; Sprinkler Sys-Ground; Landscaping; Storage Yard; Roof Sign; Pole Sign; Building Sign; Monument Sign; Other (See Remarks)
Fencing: Block; Wood; Chain Link; Partial; Other; See Remarks
Amenities: Conference Room; Reception Room; Kitchen; Skylight(s)
Parking: Free; Private Parking; Paved Parking; Other (See Remarks)
Electric: APS; Individual Meter; 220; 3 Phase Power
Gas: SW Gas; Underground; Individual Meter
Water: City Franchise; Domestic Well; Wtr Rghts Grndfthrd; Individual Meter; Other; See Remarks
Sewer: Sewer - Public; Sewer - Available; Sewer-In & Connected; Septic Tank; Septic in & Cnctd
New Financing: Cash Only; Owner May Carry
Showing Notification Methods: Phone Call
Lockbox Type: None
Special: Owner/Agent; Incorporated Area
Source of Fincl Data: Provided by Owner; Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Treated; Asphalt; Dedicated Street
Traffic Count: Over 200,000
Reports/Disclosures: Boundary Survey Avlb; Ada Compliance Rpt; None
Use Restrictions: Non Conforming Use
Environmental: None
Supplements
The surrounding trade area is a retail haven, featuring major brands like Fry's Marketplace, Home Depot, Lowe's, CVS, Walmart, Auto Zone, Big O Tires, Burger King.
Additional retail brands include the following: Chipotle, Dunn-Edwards Paint, Dutch Bros, Firehouse Subs, Jiffy Lube, Mod Pizza, Sprouts Farmer's Market, Starbucks, Tractor Supply, and many others. Within a 10-minute radius resides the two-year old 31,500 SF Abrazo micro-hospital, reflecting a commitment to health and well-being in the community. As the area experiences new construction, high-end single-family residential communities and condos catering to diverse lifestyles, Frontier Town stands as prime opportunity for redevelopment. Entrepreneurs, developers, and visionaries alike are invited to transform its legacy and contribute to the vibrant narrative of Cave Creek's future.
Listing Office: Keller Williams Realty East Valley
Last Updated: April - 05 - 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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