MLS® ID: 516061

705 N Main St

Cottonwood, Arizona, 86326

$450,000 Active
  • 2216 SQFT
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 5.33% at asking price. Contact listing broker to explore ideas on how to increase the cap rate. See Supplement.
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Listing courtesy of Sound Investments

Amenities

  • Zip
    86326
  • Office name
    Sound Investments
  • SQFT
    2216
  • Property type
    D
  • Year built
    1996
  • Lot size
    0.82
  • Tax year
    2018
  • Agent name
    Rick Rosenzweig
  • Tax amount
    $ 5735.0
  • Purchase Type
    Active
  • Price Range
    $400k-$500k
  • Square Feet Range
    2000-2500 sq ft.
  • Year Built Range
    1990-1999
  • Office ID
    146000305
  • Agent ID
    146010334

Location

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