11425 E Cornville Rd - Restaurant FOR SALE


Cornville, AZ 86325
$995,000 USD
928-607-3749
11425 E Cornville Rd, Cornville, AZ for Sale
$995,000 USD
Restaurant - FOR SALE
1/6
null | 7.57% Cap Rate

11425 E Cornville Rd
Cornville, AZ 86325


OVERVIEW

Introducing a premiere owner-user business AND investment opportunity in the Verde Valley! This turnkey restaurant has been a landmark in the area since its inception decades ago, never straying from its award winning cuisine and near 5 star reviews. Attracting consumers from across the region, this 2,400 SF freestanding building is fully equipped and in a state of easy transition for the next savvy business owner to continue the same mouth-watering premise or to inject/create their own. The blue sky is as bright as a Sedona summer day, with opportunities to expand the number of days open, the hours, and even the perfected menu. With meticulous ownership, from the food preparation to the detailed financial statements, there is no better comfort knowing exactly what you will be inheriting as you strap on your apron and put your own spin on sustained delicacy. To add to the appetite, the property also features two affixed mobile home units fully leased. Both units are rented on a MTM basis and under fair market rent, allowing a buyer the opportunity for a live/work situation or the ability to offset any debt service through long-term tenancy. Located right at the "gateway" to the Verde Valley's wine region, this property promises immediate returns and future potential. With a strategic location and thriving local business environment, this property is perfectly positioned for success. Don't miss out on the chance to secure a profitable venture in this dynamic market. Take advantage of this turnkey opportunity and elevate your portfolio with this sought-after investment.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

7.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Verde Valley Real Estate and Business

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

C-1

APN/PARCEL ID

407-04-027K

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.