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Wenden Country Market 70932 Highway 60 11,421 SF 78% Leased Retail Building Wenden, AZ 85357 $755,000 ($66.11/SF) 18.75% Cap Rate
Investment Highlights
- 2005 Triple Wide on Property for Residence
- Three detached individual units could be made into casitas.
- Includes a 2,500 square foot 2005 triple-wide manufactured home for residential or managerial use.
- There are a total of 9 buildings on the property including a strip shopping center with a laundromat, grocery store, hardware store, and cafe
- All of this within 35 miles of Alamo Lake State Park. Sale to include all inventory, fixtures, lottery and liquor license
Executive Summary
Wenden Country Market at 70932 Highway 60 offers a distinctive investment opportunity combining retail income and residential convenience in the heart of Wenden, Arizona. The property spans approximately 2.75 acres and features nine separate structures, including a strip shopping center anchored by a grocery store, hardware store, laundromat, and café. Additional detached units provide flexibility for future adaptation or conversion to casitas. A 2005 triple-wide manufactured home of approximately 2,500 square feet is also included, making this a unique live-work or owner/operator investment.
Positioned along U.S. Highway 60, the site delivers visibility and accessibility for travelers, residents, and businesses alike. This highway serves as a main connector route, ensuring consistent vehicle traffic to the property. Nearby draws include Alamo Lake State Park, located approximately 35 miles away, enhancing the property’s appeal to both local patrons and regional visitors.
The sale includes fixtures, inventory, and both lottery and liquor licenses, enabling a seamless transition for continued operations. Zoned for commercial and mixed-use, the property’s multi-building layout supports myriad potential uses, from retail leasing to hospitality expansion. Investors seeking Opportunity Zone advantages will appreciate the tax incentive benefits associated with this location.
Positioned along U.S. Highway 60, the site delivers visibility and accessibility for travelers, residents, and businesses alike. This highway serves as a main connector route, ensuring consistent vehicle traffic to the property. Nearby draws include Alamo Lake State Park, located approximately 35 miles away, enhancing the property’s appeal to both local patrons and regional visitors.
The sale includes fixtures, inventory, and both lottery and liquor licenses, enabling a seamless transition for continued operations. Zoned for commercial and mixed-use, the property’s multi-building layout supports myriad potential uses, from retail leasing to hospitality expansion. Investors seeking Opportunity Zone advantages will appreciate the tax incentive benefits associated with this location.
Property Facts In Escrow
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
11,421 SF
Building Class
C
Year Built
1965
Price
$755,000
Price Per SF
$66.11
Cap Rate
18.75%
NOI
$141,570
Percent Leased
78%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
2.75 AC
Opportunity Zone
Yes
Zoning
C2 & MHS - Parcels 157G is zoned C-2 (Commercial). Parcel 157F is Multi Use (both C-2 and MHS). Parcel 158B is MHS. Parcel 157C is C-2 (Commercial).
Parking
12 Spaces (1.05 Spaces per 1,000 SF Leased)
Frontage
198’ on U.S. 60
Amenities
- Restaurant
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $449,761 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$449,761
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Presented by
Arizona Legends Realty
Wenden Country Market | 70932 Highway 60
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