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$ 1,750,000
Est. payment /mo
Active
11814 S Foothills Blvd Yuma, AZ 85367
UPDATED:
Key Details
Property Type Commercial
Sub Type RETAIL CENTER
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20263991
HOA Y/N No
Year Built 2004
Annual Tax Amount $14,741
Property Sub-Type RETAIL CENTER
Property Description
Excellent multi-tenant commercial investment opportunity on highly visible Foothills Blvd! Built in 2004, this approximately 9,000 SF commercial building is situated on a generous 46,174 SF (approx. 1.06-acre) parcel with excellent frontage, extensive asphalt and approximately 49 marked parking spaces. The property is occupied by three businesses representing automotive, educational and medical uses, providing a diversified income stream. Offered at $1,750,000, approximately $194.44/SF, with an estimated 7.1% cap rate and estimated NOI of $124,409 based on current income and estimated operating expenses. Current lease structure may provide an opportunity for future rental growth as leases approach renewal, offering potential upside to a new owner. Multiple tenants, diversified uses, substantial site area and prominent Foothills Blvd frontage add to the property's investment appeal.
Location
State AZ
County Us
Area Em1- Foothills
Exterior
Parking Features Paved
Community Features Curbs, Sidewalks
Street Surface Asphalt
Building
Story 1
Listed by Realty Executives McConnaughay