1039 N Main St - Storefront Retail/Residential FOR SALE


Cottonwood, AZ 86326
$3,265,000 USD
928-607-3749
1039 N Main St, Cottonwood, AZ for Sale
$3,265,000 USD
Storefront Retail/Residential - FOR SALE
1/23
null | Request Cap Rate

1039 N Main St
Cottonwood, AZ 86326


HIGHLIGHTS

  • Retail Property and 3 Condos right on Main Street in Old Town Cottonwood, Arizona
  • Heavy foot traffic in The Heart of Wine Country / A Key Tourist Destination
  • Owner financing option (s) available
  • All assets, tradename, accounts, contracts, convey
  • Fully operational and turnkey business opportunity with a separate fully leased commercial unit.
  • Contact listing agent for NDA

OVERVIEW

A modern masterpiece within an Old Town setting. Featuring the Lofts of Old Town, an absolute turnkey mixed-use business and real estate investment opportunity, situated in the heart of vibrant Old Town Cottonwood. Constructed in 2020, this two-story work- of-art contains three high-end luxury residential vacation rentals and a ground level storefront retail suite, fully leased. Pride of ownership abounds as the condition of the condos is amazingly immaculate, down to the most miniscule detail. The property features two, 2bd/2ba units approximately 1,350 sf each in size, a spacious 1,100 sf 1 bd/1ba luxury unit, and a 900 sf storefront retail space with a new tenant. Each unit is self-contained with its own unique theme, woven together with the type of careful precision found only in the most luxurious homes. The property shows spectacularly well (only a intimate tour or night stay will properly do it justice), with repeat guests fawning over the comfort, location, and amenities provided. There are very few comparable investment properties on the market--from the impeccable presentation to the income stream--one that allows a live-work arrangement (the sellers had previously lived in one of the units), a passive investment with the business operating fluidly without hands-on involvement, or a combination of the two. The sellers have done the hard part--creating a masterpiece from the ground up coupled with a thriving business venture to compliment the design. Now it's your turn to do the easy part...take the keys and OWN this truly rewarding and enriching enterprise. Property has a dual address: 1037 and 1039 N. Main St. No sign on property. CLA to schedule showings. NDA for financials and lease information. OMC option Retail property fully leased and 3 fully furnished luxury condos • Located directly on Main Street in Old Town • Turnkey Business Opportunity (VRBO) w/ minimal owner responsibilities • High Quality Construction • Immediate Upside Opportunity • Well Managed and Maintained | Owner financing options Cottonwood is located in Yavapai County, between Sedona and Jerome. Cottonwood is surrounded by mountain views and named for the beautiful Cottonwood trees that grow along the Verde River. This property offer buyers an outstanding chance to become part of the ever growing prosperous destination market, in a wine and food oriented community! Turnkey and well managed, this pride of ownership asset has minimal owner responsibilities and immediate upside. The property is poised to allow an investor to capitalize on the tremendous economic potential.

FOR SALE DETAILS

PRICE

$3,265,000 USD

PRICE/SF

$695 USD /SF

CAP RATE

Request Cap Rate

% LEASED

100%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lofts of Old Town

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Office/Residential, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

Commercial

APN/PARCEL ID

406-34-006A

ASK ABOUT THIS PROPERTY

Darien DegherColdwell Banker NorthlandMore Info
928-607-3749

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Darien DegherColdwell Banker NorthlandMore Info
928-607-3749

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.