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Channel Front/London Bridge | 100% Leased Inv 1425 McCulloch Blvd N 23,673 SF 100% Leased Retail Building Lake Havasu City, AZ 86403 For Sale
Investment Highlights
- Rare Opportunity to Control a Channel-Front Trophy Asset Adjacent to the World-Famous London Bridge
- Extremely High Barriers to Entry with Limited Remaining Channel-Adjacent Commercial Redevelopment Sites
- Located within the Epicenter of Lake Havasu’s Tourism, Boating, Dining, Entertainment, and Event Corridor
- 100% Leased Multi-Tenant Retail Investment with Diversified In-Place Income and Long-Term Tenant Operating History
- Rare PD Overlay Zoning Supports Broad Mixed-Use, Hospitality, Entertainment, and Experiential Redevelopment
- London Bridge is Widely Recognized as Arizona’s Second Most Visited Attraction After the Grand Canyon
Executive Summary
Lee & Associates is pleased to present the exclusive opportunity to acquire Island Mall at Lake Havasu’s London Bridge, a 100% leased, multi-tenant retail investment located in Lake Havasu City, Arizona. The property consists of approximately 23,673 square feet situated on a 3.32-acre parcel and is positioned directly along the Bridgewater Channel with roughly 200 feet of waterfront frontage. Built in 1987 and renovated in 2020, the two-story asset offers a rare combination of irreplaceable location, strong visibility, and direct adjacency to the world-famous London Bridge, the city’s primary tourism anchor.
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Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Building Size
23,673 SF
Building Class
C
Year Built/Renovated
1987/2020
NOI
$662,226
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.16
Lot Size
3.41 AC
Zoning
C-1/PD - Planned Development Overlay
Parking
176 Spaces (7.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Signage
- Waterfront
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 107-74-001 | Improvements Assessment | $3,812,762 |
| Land Assessment | $1,769,554 | Total Assessment | $5,582,316 |
Property Taxes
Parcel Number
107-74-001
Land Assessment
$1,769,554
Improvements Assessment
$3,812,762
Total Assessment
$5,582,316
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