11814 S Foothills Boulevard, Yuma, AZ 85367
sale
$1,750,000
|
Retail
Courtesy Of Realty Executives McConnaughay
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.
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Property Features
- Age: 21-30 Years Old
- Amenities: Wired
- Cooling System: Multi Units
- Cooling System: Heat Pump
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Frame
- Exterior Type: Stucco
- Floors: 1
- Heating System: Electric (Heating)
- Heating System: Heat Pump (Heating)
- Heating System: Central
- Legal Description: Section: 09 Township: 09S Range: 21W N156.7 FT OF E2 SE4 SE4 SE4 EXC E 55 FT R/W 2001-04457
- MLSID: 20263991
- Parking Spaces: 49
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