$1,700,000
Cave Creek, AZ 85331
MLS# 6451513
Status: Closed
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Property Description
Commercial property in the heart of Cave Creek Long time owner who is retiring. All units are rented except Auto Shop Unit which is available April 1st, 2023 good cash flow Newest Roof lease is with Dish. Phase 1 environmental being completed Property is next (south) to City of Cave Creek Town Administration offices and facilities. Across form Oregano's Restaurant.
Details
Maps
Contract Info
Current Price: $1,700,000
Sold Price: $1,700,000
Status: Closed
List Date: 2022-08-17
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: F36
House Number: 37608
Compass: N
Street Name: CAVE CREEK
St Suffix: Road
City/Town Code: Cave Creek
State/Province: AZ
Zip Code: 85331
Zip4: 6802
County Code: Maricopa
Subdivision: HIDDEN VALLEY 2
Assessor Number: 211-14-040-C
Tax Year: 2022
General Property Description
Type of Property: commercial mixed use
Ttl Apx SqFt Bldg: 9173
# of Buildings: 1
Year Built: 1985
Uncvrd Parking Spcs: 32
Zoning: c-n
Flood Zone: TBD
Remarks Misc
Directions: Carefree Highway and N. Cave Creek RD
North on N. Cave Creek RD for about 2 miles
Property on the left (westside)
Just south of the Town of Cave Creek City Administration Offices
Geo Lat: 33.826331
Geo Lon: -111.955354
Status Change Info
Off Market Date: 2023-04-01
Under Contract Date: 2023-03-02
Close of Escrow Date: 2023-03-31
Sold Price: $1,700,000
Legal Info
Township: 6N
Range: 4E
Section: 33
Bay Info
# of Bays: 4
# of Bay Doors: 4
Bay Door Height: 12
Income Expenses
Gross Annual Sch Inc: 180000
Net Operating Income: 160000
Sold Info
Loan Type: Carryback
Loan Years: 5
Payment Type: Interest Only
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Business Type: Mixed; Service Business; Automobile; Professional/Office; Retail; Other
Stories: 2 Stories
Construction: Block; Stucco
Roofing: Built-Up; Other
Floors: Concrete; Vinyl; Ceramic Tile; Carpet; Other
Ceiling Height: 8.1 Feet to 10 Feet; 12.1 Feet to 14 Feet
Heating: Natural Gas
Cooling: Central Air
Loading Facilities: None
Interior: Finished; Finished to Suit; Smoke Detector(s); Security Light(s)
Exterior: Corner Lot; Landscaping; Building Sign
Fencing: Block
Amenities: Skylight(s)
Parking Features: Fenced; Free; Parking Lot; Private; Paved
Electric: APS; Individual Meter; 220 Volts
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan
Showing Notification Methods: Text
Lockbox Type: None
Source of Fincl Data: Owner
Traffic Count: Unknown
Environmental: Phase I Available; None
Supplements
The Baker Building is Next to the heart of the Cities facilities including City Administration and Police.
Multiple uses with all units currently leased.
Two tenants are in longer term leases but most of the units are month to month. All tenants are in good standing however some rents are low.
Do not disturb tenants.
Building is under contract so any information is attainable from the listing Agent.
Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: April - 01 - 2023
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