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Jerona Cafe 677 E Mingus Ave 6,500 SF 51% Leased Retail Building Cottonwood, AZ 86326 $999,000 ($153.69/SF)
Investment Highlights
- Mixed-use opportunity
- Recently remodeled residential suites
- Second generation kitchen space with FFE
Executive Summary
Priced to sell.
Rare mixed-use IDEAL for owner-user or investor (or both with revenue in place). The property includes an established restaurant/café buildout with equipment included, two residential apartments, warehouse/storage space, rear storage shed, and ample on-site parking across two parcels totaling approximately one acre. Excellent flexibility with current leases (call/email broker for details w/signed NDA).
Positioned along a primary Cottonwood commercial corridor with strong visibility (accross from USPS) and an offering-package-reported ±20,000 ADT on Mingus Avenue, the asset is well suited for restaurant, retail, office, service, hospitality, or residential income use, subject to applicable zoning and city requirements.
Rare mixed-use IDEAL for owner-user or investor (or both with revenue in place). The property includes an established restaurant/café buildout with equipment included, two residential apartments, warehouse/storage space, rear storage shed, and ample on-site parking across two parcels totaling approximately one acre. Excellent flexibility with current leases (call/email broker for details w/signed NDA).
Positioned along a primary Cottonwood commercial corridor with strong visibility (accross from USPS) and an offering-package-reported ±20,000 ADT on Mingus Avenue, the asset is well suited for restaurant, retail, office, service, hospitality, or residential income use, subject to applicable zoning and city requirements.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
B
Year Built
2005
Price
$999,000
Price Per SF
$153.69
Percent Leased
51%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.31
Lot Size
0.48 AC
Zoning
C-2 - Commercial
Parking
19 Spaces (2.92 Spaces per 1,000 SF Leased)
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 406-42-255A | Improvements Assessment | $1,308,365 |
| Land Assessment | $100,942 | Total Assessment | $1,409,307 |
Property Taxes
Parcel Number
406-42-255A
Land Assessment
$100,942
Improvements Assessment
$1,308,365
Total Assessment
$1,409,307
Contacts
-
Jack McMahon -
Padraic Hawley -
Nick Sivek -
McMahon & Miller Commercial Real Estate
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Jerona Cafe | 677 E Mingus Ave
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