El Palenque 6450 E Cave Creek Rd 13,762 SF 97% Leased Retail Building Cave Creek, AZ 85331 $4,995,000 ($362.96/SF) 5% Cap Rate

This mixed-use commercial property offers a rare investment opportunity in the heart of Cave Creek, Arizona. Priced at $4,995,000, the asset is 95% occupied and delivers immediate cash flow with long-term upside in one of the region’s most desirable and expanding markets. The building spans 13,762 square feet on a 1.21-acre lot and features a diverse tenant mix, including a modern fitness center, professional office suites, and a high-energy MMA studio.
The property benefits from direct frontage along Cave Creek Road and the newly developed equestrian pathway, ensuring consistent visibility and traffic from both locals and visitors. Tenants and customers enjoy private on-site parking, while the building’s design incorporates multiple flooring finishes and modern systems, including central air and fire sprinklers. Constructed with durable tilt-up, stucco, and block materials and topped with a foam roof, the structure is built for longevity.
Located near Black Mountain, the property is surrounded by a vibrant mix of retail, dining, and entertainment venues, making it a focal point for community activity. With Cave Creek’s continued growth and limited availability of quality commercial space, this property represents a compelling acquisition for investors seeking stability and future appreciation.