Great Opportunity to own a multiple building property in Pinetop-Lakeside

1641 W White Mountain Blvd. Lakeside, AZ 85929

FOR SALE
Property Type:
Street Retail
Amount:
$650,000
Last Verified:
Jul 15, 2022

Highlights

  • 100 %: Occupied
  • Price: $650,000
  • Price/SF: $98
  • Taxes: $5,082
  • Square Footage: ±6,630 SF
  • Building Area: ±6,630 SF
  • Land Area: ±26,386 SF
  • Year Built: 1920/1982
  • Zoning: C1 – Light Commercial

Description

R.O.I. Properties is excited to offer this amazing investment opportunity located in the beautiful town of Lakeside, Arizona. The property consists of four separate buildings that provide ample opportunities to create diversity on the leasing end. Of the four buildings, you will find a five-unit apartment complex, a retail “consignment” store, a food stand, and a converted carriage house. At 1641 W White Mountain Blvd, you’ll have the opportunity to lease out the property to both residential and commercial tenants. In addition, Pinetop-Lakeside serves as a great vacation town across all four of its seasons, making this property a great Alpine-style retreat with income.

Located on two stories, the apartment complex provides tenants with a plethora of choices for whatever may fit their needs. The unit mix of the 5-unit apartment is as follows: (1) Three bedroom/One Bathroom, (1) Two Bedroom/One Bathroom, (2)One Bedroom/One Bathroom, (1) *Studio. *Studio shares hallway bathroom with taco shack customer bathrooms. The studio has a shower and vanity but no toilet. Lastly, the 1,700 SF retail building is separately leased to a single-tenant along with the food stand.

Building Size: 6630sq ft
Lot Size: 0.61 acres

Map of 1641 W White Mountain Blvd., Lakeside, AZ, 85929

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.