$395,000Commercial in Cottonwood

Offered by: Rick Rosenzweig , , soundinvestments1@msn.com

Address:	705 N Main St
Price:	$395,000
Location:	Cottonwood, AZ	MLS #:	516061
Zip Code:	86326	Sq. Feet :	2,216
County:	Yavapai	Bedroom:
Neighborhood:	10 - Cottonwood	Bath:
Year Built:	1996	Acreage:	0.82

Description: 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 6.02% at asking price. See Supplement.

Amenities Lot Size: 190 x 175 x 190 x 140 Current Use: Income&Dev Property Cooling: Evaporative,Refrigeration/Centrl,Ceiling Fan Exterior Features: Landscape,Patio/Deck,Handicap Access,Sprinkler/Drip Flooring: Tile,Concrete Interior Features: Fire/Smoke Alarm,Ceiling Fan,Refrigerator Sewer: None Parking: 20+ Cars Roof: Comp Shingle Units: 2 - 4 Units Utilities: Cable TV,Underground,Individual Meter,220,Sewer (Public),Electricity,Public Water,Telephone,Natural Gas

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