$2,050,000
760-778 W WICKENBURG Way
Wickenburg, AZ 85390
MLS# 6327531
Status: Closed



760-778 W WICKENBURG Way, Wickenburg, AZ 85390
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760-778 W WICKENBURG Way, Wickenburg, AZ 85390

Property Description
This mixed-use property located in a C3/CG zoning district is situated within an opportunity zone, making it a desirable investment opportunity. The property is currently vacant & available for immediate use. Includes 3 parcels (505-33-006, 505-33-005, 505-33-013). 1st parcel: FRONT BUILDING includes large meeting room/office, BACK BUILDING includes 4 Offices/ Conference Rm/ Reception/ Kitchen. 2nd parcel: APT BUILDING includes 6 one bedroom units. 3rd parcel: 0.46 acre LOT ***NOTE: Actual addresses assigned by post office and the town of Wickenburg may differ. ALSO, lot to the east (parcel 505-33-008) is NOT INCLUDED in sale.

Details
Maps
Contract Info
Current Price: $2,050,000
Sold Price: $2,050,000
Status: Closed
List Date: 2021-12-01
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: C21
House Number: 760-778
Compass: W
Street Name: WICKENBURG
St Suffix: Way
City/Town Code: Wickenburg
State/Province: AZ
Zip Code: 85390
Zip4: 2270
Country: USA
County Code: Maricopa
Legal Description (Abbrev): E2 OF FR NW COR SW4 NE4 SD SEC RUN N 89D 34' E 666' TO PT INTERSEC WI CEN LI CUCURACHA ST TH S 9D
Assessor's Map #: 33
Assessor's Parcel #: 5
Add'l Parcels: Yes
Assessor Number: 505-33-005
Census Tract: 40502
Legal: Legal Description supplied by Title to govern
Tax Municipality: Wickenburg
Taxes: 2990
Tax Year: 2023
General Property Description
Ttl Apx SqFt Bldg: 6182
# of Buildings: 3
Year Built: 1982
Uncvrd Parking Spcs: 30
Zoning: C-3/C-G
Flood Zone: No
Remarks & Misc
Cross Street: Wickenburg Way and Maverick
Directions: From US 60 or also known as West Wickenburg Way go west from round-a-bout. Property is located on the North side of the street.
Geo Lat: 33.966437
Geo Lon: -112.74415
Status Change Info
Status Change Date: 2023-12-15
Off Market Date: 2023-11-27
Under Contract Date: 2023-11-25
Close of Escrow Date: 2023-12-15
Sold Price: $2,050,000
Legal Info
Township: 7N
Range: 5W
Section: 11
Income & Expenses
Owner Association: No
Operating Exp: 2990
Gross Annual Sch Inc: 185985
Adjusted Gross Inc: 185985
Net Operating Income: 185985
Pmt & Rate Info
Cap Rate: 7.77
Equity: 2395000
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Current Use: Mixed Use; Service Business; Religious Facility; Medical/Dental; Office; Other; See Remarks
Stories: 2 Stories
Construction: Block; Stucco; Frame - Wood
Roofing: Foam
Floors: Concrete; Vinyl; Wood; Ceramic Tile; Carpet
Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet
Heating: Heat Pump; 2 or More Units
Cooling: Heat Pump
Loading Facilities: None
Interior: Finished; Smoke Detector(s); Security System; Security Light(s); Phone System; Private Restrooms; Public Restrooms
Exterior: Landscaping; Building Sign; Monument Sign
Fencing: Block; Chain Link; Partial
Amenities: Physcl Chlgd (SRmks); Conference Room; Reception Room; Kitchen; Computer Room; Fiber Optic Availble
Parking: Free; Public Parking; Paved Parking
Electric: APS; Individual Meter
Gas: None
Water: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Freeway/Highway: 1.1 - 2 Miles
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Special: Owner/Agent
Source of Fincl Data: Projected Proforma
Traffic Count: Unknown
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible; Sch of Personal Prop; Other (See Remarks)
Environmental: None
Supplements
The property features six one-bedroom apartments and a vacant lot that can be developed. The front commercial building was previously utilized as a recording studio and is partially soundproofed with upgraded IT wiring. The building also includes a spacious conference area, which would be ideal for an event planner. The rear building contains private offices, a sizable conference room, and a formal reception area. The exterior of the property has a charming Santa Fe architectural design and includes courtyards in the rear, which provide a peaceful and attractive sitting area. The building is in excellent condition, and a full inspection report is available for review. All financial figures presented are proforma, and buyers are advised to conduct their due diligence and verify all information. Overall, this property presents a unique opportunity for investors looking to capitalize on the benefits of an opportunity zone while owning a mixed-use property with diverse income streams. Buyer to verify all facts and figures. Location-Wickenburg is GROWING! Wickenburg, Arizona is a small town located in Maricopa County, known for its western history and beautiful desert landscapes. The town has a rich history of cowboys, cattle ranches, and gold mining, which is evident in its numerous museums and historic sites. Visitors can enjoy hiking and exploring the desert terrain, or take a guided horseback ride through the Sonoran Desert. The town's year-round sunny weather makes it an ideal location for outdoor enthusiasts. Despite its charming atmosphere, Wickenburg is not immune to the nationwide problem of substance abuse. The town has several substance abuse rehab centers that provide various levels of care to individuals struggling with addiction. The centers offer a range of services, including detoxification, individual and group counseling, and aftercare support to help patients maintain their sobriety. The facilities provide a safe and supportive environment where patients can focus on their recovery and build a foundation for a healthier lifestyle. One of the substance abuse rehab centers in Wickenburg is The River Source. This facility offers a holistic approach to addiction treatment, incorporating traditional and alternative therapies to promote physical, emotional, and spiritual healing. The program includes medical detoxification, individual and group counseling, and aftercare support to help patients maintain their sobriety after leaving the facility. The River Source also provides specialized care for patients with co-occurring mental health disorders. Another rehab center in Wickenburg is The Meadows. This facility specializes in treating addiction and trauma-related disorders, such as PTSD and complex trauma. The program includes individual and group counseling, equine therapy, and experiential therapies to help patients address underlying issues that contribute to their addiction. The Meadows also offers a family program to help loved ones understand and support their family member's recovery process. Wickenburg's substance abuse rehab centers play an essential role in the community by providing life-saving services to individuals struggling with addiction. The facilities not only help patients overcome their addiction but also provide them with the tools and support they need to build a healthy, fulfilling life in recovery. By addressing addiction at the individual level, rehab centers help to reduce the impact of substance abuse on families, communities, and society as a whole. In addition to its rehab centers, Wickenburg also has a strong recovery community that provides support and resources to individuals in recovery. The community offers 12-step meetings, sober living homes, and other resources to help individuals maintain their sobriety and build a network of support. The recovery community in Wickenburg reflects the town's values of community and resilience, providing hope and encouragement to those struggling with addiction. Overall, Wickenburg, Arizona, offers a unique blend of history, natural beauty, and recovery resources. Its substance abuse rehab centers are an essential component of the town's healthcare system, providing critical services to individuals struggling with addiction. Through its commitment to recovery, Wickenburg serves as a beacon of hope for individuals and families affected by addiction.

Listing Office: Gerchick Real Estate

Last Updated: December - 15 - 2023

760-778 W WICKENBURG Way, Wickenburg, AZ 85390 - MLS# 6327531
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