2450 S White Mountain Road
Show Low, AZ 85901
MLS# 243167
Status:
Closed8646 sqft
Property Description8+% CAP rate annually. 8646 Sq Ft of Commercial Space on highway 260. Single Level dental office leases 3197 SqFt. Since 2006 with over 100k in tenant improvements. 2 story building is 5449 SqFt with approx. 1818 SqFt on the second floor. The building was designed to have a single common/reception area, restrooms, 4 independent suites. The West Side of the Building houses (2) two of the Suites, which are currently configured with (5) Five Offices and a generous conference/waiting area. The East Side of the Building house the other (2) two Suites, currently configured with (9) Nine Offices and a generous conference room, and break area. The second floor has a large break area, exercise area and kitchenette. Owner Agent, and may benefit from proceeds from sale. Seller is a principal.
Street #: 2450
Direction: S
Street Name: White Mountain
St Suffix: Road
Zip Code: 85901
Subdivision/Neighborhood: Cedar Ridge
Directions: Cross Street of Woolford, travel South on HWY 260, toward Pinetop .4 of a mile to Commercial Building on right hand side of HWY
Listing Date: 2022-09-22
Status: Closed
Residential Type: Building w/Land
Original List Price: 1880000
Listing Price: 1880000
Current Price: $1,725,000
Approx Lot SqFt: 36590
Year Built: 2007
Aprx SqFt: 8646
Aprx SqFt Source: Assessor
Status Change Date: 2023-03-03
Under Contract Date: 2022-12-14
Sold Date: 2023-03-02
Sold Price: $1,725,000
Sold Price P/SqFt: 199.51
Sewer Service Provider: City of Show Low
Cable/Satellite Provider: Frontier/Sparklight
Telephone Service Provider: Frontier
Metered Water Provider: City of Show Low
Gas Service Provider: Unisource
Business Type: Dental; Financial; Health Services; Real Estate; Variety
Info Available: Financials; Leases
Owner Will Sell: Cash; Other
Exterior Features: Landscaped
Heating: Forced Air; Natural Gas
Utilities Available: APS; Electric - Individual Metered; Sewer Installed; Cable/Satellite TV; Telephone; Metered Water; Natural Gas Connected
Location: Corner; Freestanding; Highway Frontage
It also has a large Executive Suite with Fireplace, and Full Bath including Shower. The Executive Suite has (2) two decks, (1) One covered and (1) Uncovered with stub out for Natural gas grill, or heater. The vaulted ceiling adds to the ambiance of this beautiful office.
A (2) Bedroom, (2) Two bath condo also resides on the second floor with Full Kitchen, Family Room, Laundry.
All of this and a better than 8% CAP make this an incredible investment or owner occupied building.
There is space available in the East Side for additional Tenant(s) to increase revenue if desired.
Finally an additional ¼ acre lot with full utilities is available by separate contract for expansion of either an additional building or parking, or both perhaps
Listing Office: Torreon Realty
Last Updated: September - 04 - 2024
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