$1,150,000
Chino Valley, AZ 86323
MLS# 1016360
Status: Closed
71 baths | 10476 sqft
1 / 24
Property Description
This Property is located in the Center of the Chino Valley Business District. The National Anchor Business's are: Safeway Grocery Store, Walgreens Drug Store, Pet Club, Dollar General, Sonic Foods, Kentucky Fried Chicken, Taco Bell, OneAZ Credit Union, Chase Bank, Medical Facilities, Educational Institutions plus many local Retailers & Restaurants. This Section of Highway #89 has Traffic rate of between 28-30,000 Vehicles a Day. The 7.2% CAP Rate is based with the Value of an Additional .66 Acres of Vacant Land which earns an additional $300.00 per month that is not figured into the CAP Rate; the Actual CAP Rate of the Income Producing Property Is Even Greater Than 7.2%. This is a Great Investment Opportunity which Affords you an Immediate Income Stream from the Existing Structure an
Details
Maps
Documents
Contract/Address/Legal
List Price/SqFt: 124
Neighborhood: N/A
Comm Type: Shopping Center
REO/Short Sale: Not Applicable
Zoning: CH
Business Name: Various
Zoning Description: Commercial Heavy
Business Type: Various
Legal: AN IRREG PCL NW4NE4 NW COR APPROX 25' S & 382' E FROM N4 COR OF S EC 22-16-2W CONT .92AC and A RECT PCL NW4NE4 NW COR APPROX 210' E & 25' S FROM N4 COR OF SEC 22-16-2W CONT .66AC
General Property Description
Aprx Acres: 1.58
Lot Size: 68,825
Buildings: 2
Source of Measuremnt: County Assessor
Stories: 1
Parking Spaces: 461460
Management: Owner
Gross Vol/Yr $: 110880
Vac Rate %: 100
CAM $: 0
GRM: 11.63
CC & R: No
CC & R Type: None
Traffic Count Per Day: 2830000
CC & R Fees: 0
Property Use: Investment Prop
Construction Status: Existing
Max Contgs/Bldg Sz: 10,476
Space Available: No
Date Available: 2018-10-22
Suite #: 6
Total Liveable SqFt: 10476
Year Built: 1984
NOI $: 92615
Cap %: 7.12
Baths - Full: 6
Total Bathrooms: 71
Tax Info
Taxes: 9843
Tax Year: 2019
Builder Name: Unkown
Remarks & Misc
Directions: From Prescott, AZ. North on State Highway #89 to the Intersection of Highway #89 and Road 2 North in Chino Valley; the Subject Property is Located on the Southwest Corner of this Intersection.
Remarks: This Property is located in the Center of the Chino Valley Business District. The National Anchor Business's are: Safeway Grocery Store, Walgreens Drug Store, Pet Club, Dollar General, Sonic Foods, Kentucky Fried Chicken, Taco Bell, OneAZ Credit Union, Chase Bank, Medical Facilities, Educational Institutions plus many local Retailers & Restaurants. This Section of Highway #89 has Traffic rate of between 28-30,000 Vehicles a Day. The 7.2% CAP Rate is based with the Value of an Additional .66 Acres of Vacant Land which earns an additional $300.00 per month that is not figured into the CAP Rate; the Actual CAP Rate of the Income Producing Property Is Even Greater Than 7.2%. This is a Great Investment Opportunity which Affords you an Immediate Income Stream from the Existing Structure an
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 110
Financing: Owner Will Carry
Under Contract Date: 2019-06-11
Sold Date: 2019-08-29
Sold Price: $1,150,000
Building Type
5+ Units: 1
Auto: 1
Bar: 1
Food Service: 1
Ground Lease: 1
Retail - Shopping Center: 1
Construction
Block/Brick: 1
Frame - Wood: 1
Stucco: 1
Other - See Remarks: 1
Cooling
Central Air: 1
Evaporative Cooling: 1
Gas Pack: 1
Other: 1
See Remarks: 1
External Amenities
Drip System: 1
Fence: 1
Landscaped: 1
Paved Parking: 1
Storage Yard: 1
Flooring
Concrete: 1
Laminate: 1
Vinyl: 1
Heating
Natural Gas: 1
Zoned: 1
Possession
At Recordation: 1
Records Available
Alta Survey: 1
Phase I: 1
Site Plan: 1
Other - See Remarks: 1
Road Responsibility
City Maintained Road: 1
Paved: 1
State Maintained Road: 1
Roof
Asphalt Shingle: 1
Other - See Remarks: 1
Bathrooms
Interior: 1
Other - See Remarks: 1
Business Location
Commercial Strip: 1
Corner Location: 1
Freestanding Bldg: 1
Redevelopment Area: 1
Traffic Signal: 1
Terms & Conditions
Conventional: 1
Submit: 1
Trade: 1
Other - See Remarks: 1
Commercial Amenities
Ceiling Ht. 12-15: 1
Grade Level: 1
Overhead Door(s): 1
Roll-Up Door(s): 1
Other - See Remarks: 1
Utilities Installed
220: 1
3 Phase: 1
Electricity: 1
Fire Hydrant: 1
Individual Meter: 1
Natural Gas: 1
Telephone: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Other - See Remarks: 1
Internal Amenities
Bathroom: 1
Kitchen: 1
Other - See Remarks: 1
Parking
On-Site: 1
Storage: 1
Trailer: 1
Truck: 1
ContractAddressLegal
Original List Price: 1299000
Listing Date: 2018-10-22
Status: Closed
Listing Price: 1299000
Street #: 990
Direction: N
Street Name: State Route #89
City/Township: Chino Valley
State: AZ
Zip Code: 86323
Subdivision: None
County: Yavapai
Tax Parcel: 306-23-016H/G
Property Features
Bathrooms: Interior; Other - See Remarks
Building Type: 5+ Units; Auto; Bar; Food Service; Ground Lease; Retail - Shopping Center
Business Location: Commercial Strip; Corner Location; Freestanding Bldg; Redevelopment Area; Traffic Signal
Commercial Amenities: Grade Level; Roll-Up Door(s); Ceiling Ht. 12-15; Overhead Door(s); Other - See Remarks
Construction: Block/Brick; Frame - Wood; Stucco; Other - See Remarks
Cooling: Central Air; Evaporative Cooling; Gas Pack; Other; See Remarks
External Amenities: Drip System; Fence; Landscaped; Paved Parking; Storage Yard
Flooring: Concrete; Laminate; Vinyl
Heating: Natural Gas; Natural Gas; Zoned
Internal Amenities: Bathroom; Kitchen; Other - See Remarks
Parking: On-Site; Storage; Trailer; Truck
Possession: At Recordation
Records Available: Alta Survey; Phase I; Site Plan; Other - See Remarks
Road Responsibility: City Maintained Road; Paved; State Maintained Road
Roof: Asphalt Shingle; Other - See Remarks
Utilities Installed: 220; 3 Phase; Electricity; Fire Hydrant; Individual Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer; Other - See Remarks
#306-23-016H Boundaries 
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: June - 20 - 2023
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.