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Investment Highlights

  • Professional on-site property management with an owner’s association.
  • Ideally positioned in the heart of the Golden Mile on Highway 95 near robust retail activity.
  • Prime signage, prominent frontage, and excellent visibility on Mohave Valley Highway.
  • Beautiful mountain views, ample parking, and easy Highway 95 access.

Executive Summary

CENTERED between the triangle of Las Vegas, Phoenix and Los Angeles the property sits in a market of 5 million year-round tourists seeking river recreation in the summer, warmer weather in the winter and gaming. Ideally located in the middle of The Golden Mile of Highway 95 the property is highly visible with frontage on Mohave Valley Highway.

4 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 103-104
  • 2,000 SF
  • Office
  • $349,000 ($174.50/SF)
  • -
Sale Type Investment
Description
Finished and fully occupied, this cash-flowing office condo with executive suites is available in Bullhead City’s premier 100,000 SF property, located in the heart of the Central Business District.
Sale Notes
100% occupied executive suite office condo for sale, Situated within the professionally managed, centrally located Colorado Place Office Condo Development.
Gross Income = $35,000
  • Unit 116/117
  • 5,500 SF
  • Office/Medical
  • Upon Request
  • -
Sale Type Owner User
Description
Located in the heart of the Miracle Mile, fully built out medical condo for sale or lease includes bonus shell space for expansion or storage.  Over $1MM in upgrades from prior occupant, North Country HealthCare.  Full medical build with abundant exam rooms (each with sinks), MA Station, lab, private restrooms, kitchen, etc. Building signage available.
  • Unit 120
  • 2,000 SF
  • Office/Medical
  • $375,000 ($187.50/SF)
  • -
Sale Type Investment
Description
Fully built out medical office, features reception, waiting, and check in. Comes with six exam rooms with sinks, two restrooms and an employee breakroom.
Sale Notes
Fully leased investment office condo offering. Tenant is in the med spa industry and signed a 6-year lease with annual rent escalations.
Gross annual income: $24,000
  • Unit 126/127
  • 2,038 SF
  • Office/Medical
  • $381,106 ($187.00/SF)
  • -
Sale Type Owner User
APN/Parcel ID 220-61-039, 220-61-040
Description
This property is strategically located near prime retail activity and is highly visible with the office location along Mohave Valley Highway. Additionally, this well maintained property features ample parking and breath taking mountain views.
Sale Notes
Medical condo for sale available at the Center of the Central Business District of Bullhead City
Unit Unit Size Condo Use Price NOI
Unit 103-104 2,000 SF Office $349,000 ($174.50/SF) -
Unit 116/117 5,500 SF Office/Medical Upon Request -
Unit 120 2,000 SF Office/Medical $375,000 ($187.50/SF) -
Unit 126/127 2,038 SF Office/Medical $381,106 ($187.00/SF) -

Unit 103-104

Unit Size
2,000 SF
Condo Use
Office
Price
$349,000 ($174.50/SF)
NOI
-

Unit 116/117

Unit Size
5,500 SF
Condo Use
Office/Medical
Price
Upon Request
NOI
-

Unit 120

Unit Size
2,000 SF
Condo Use
Office/Medical
Price
$375,000 ($187.50/SF)
NOI
-

Unit 126/127

Unit Size
2,038 SF
Condo Use
Office/Medical
Price
$381,106 ($187.00/SF)
NOI
-

Unit 103-104

Unit Size 2,000 SF
Condo Use Office
Price $349,000 ($174.50/SF)
NOI -
Sale Type Investment
Description
Finished and fully occupied, this cash-flowing office condo with executive suites is available in Bullhead City’s premier 100,000 SF property, located in the heart of the Central Business District.</li></ul>
Sale Notes
100% occupied executive suite office condo for sale, Situated within the professionally managed, centrally located Colorado Place Office Condo Development.<br> Gross Income = $35,000</li></ul>

Unit 116/117

Unit Size 5,500 SF
Condo Use Office/Medical
Price Upon Request
NOI -
Sale Type Owner User
Description
Located in the heart of the Miracle Mile, fully built out medical condo for sale or lease includes bonus shell space for expansion or storage.&nbsp;&nbsp;Over $1MM in upgrades from prior occupant, North Country HealthCare.&nbsp;&nbsp;Full medical build with abundant exam rooms (each with sinks), MA Station, lab, private restrooms, kitchen, etc. Building signage available.</li></ul>

Unit 120

Unit Size 2,000 SF
Condo Use Office/Medical
Price $375,000 ($187.50/SF)
NOI -
Sale Type Investment
Description
Fully built out medical office, features reception, waiting, and check in. Comes with six exam rooms with sinks, two restrooms and an employee breakroom.</li></ul>
Sale Notes
Fully leased investment office condo offering. Tenant is in the med spa industry and signed a 6-year lease with annual rent escalations.<br> Gross annual income: $24,000</li></ul>

Unit 126/127

Unit Size 2,038 SF
Condo Use Office/Medical
Price $381,106 ($187.00/SF)
NOI -
Sale Type Owner User
APN/Parcel ID 220-61-039, 220-61-040
Description
This property is strategically located near prime retail activity and is highly visible with the office location along Mohave Valley Highway. Additionally, this well maintained property features ample parking and breath taking mountain views.</li></ul>
Sale Notes
Medical condo for sale available at the Center of the Central Business District of Bullhead City</li></ul>

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 45,000 SF
Property Type Office
Property Subtype Medical
Building Class B
Floors 1
Typical Floor Size 29,000 SF
Year Built 2000
Lot Size 1.03 AC
Parking Ratio 2.82/1,000 SF
Zoning C-2 - C-2; Commercial
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
20/100
  • Listing ID: 30723871

  • Date on Market: 1/22/2024

  • Last Updated:

  • Address: 2585 Miracle Mile, Bullhead City, AZ 86442

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