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Home > 6501 E Cave Creek Road, Cave Creek, AZ 85331 (MLS# 6760525)

6501 E Cave Creek Road, Cave Creek, AZ 85331

$4,799,000
Property Type: Comm/Industry Sale Square Footage: 15,500 Lot Size (sq. ft.): 80,316 Status: Active
Current Price: $4,799,000 List Date: 9/21/2024 Last Modified: 1/05/2025

Description

Mixed use custom built retail complex with 3 bldgs in center of Cave Creek. Owner occupies 2/3 of the complex with 3 of it's businesses. The Hair Salon and Grotto Cafe are under 3rd party leases. CAP rate represents below market rates for owner's leases. All leases are modified gross at $24/ft, multi-year. Property is an extraordinary, custom built complex with unique features and grounds that make it the nicest property in Cave Creek. This would be highly desirable for an owner occupant looking for a retail location complemented by several solid tenants in place. $3 million assumable loan at 3.5% available. Financials, expenses, & leases available with acceptable LOI. Please do not talk with tenants

More Information MLS# 6760525

Contract Info

Current Price: $4,799,000 List Price: $4,799,000 Status: Active List Date: 2024-09-04 Ownership: Fee Simple

Location Tax Legal

House Number: 6501 Compass: E Street Name: Cave Creek St Suffix: Road City/Town Code: Cave Creek State/Province: AZ Zip Code: 85331 Zip4: 8683 Country: USA County Code: Maricopa Subdivision: La Kanza Plaza at Red Truck Assessor Number: 216-06-275 Tax Year: 2024

General Property Description

Type of Property: Commercial Retail Ttl Apx SqFt Bldg: 15500 Ttl Apx Net Rnt Spc: 15500 # of Buildings: 3 Lot Size Dimensions: irregular Year Built: 2007 Uncvrd Parking Spcs: 105 Zoning: CC Flood Zone: Yes

Remarks Misc

Cross Street: Cave Creek Rd & School House Directions: Take Cave Creek Rd north of Carefree Hwy to 4 way stop at School House Rd. Continue East on Cave Creek Rd to the second set of buildings on the right or south side. Look for the Red Truck! Geo Lat: 33.831937 Geo Lon: -111.941018

Status Change Info

Status Change Date: 2024-09-20

Legal Info

Township: 6N Range: 4E Section: 27 Lot Number: 2

Income Expenses

Gross Annual Sch Inc: 372000 Net Operating Income: 312000

Showing Notification Methods

Showing Service: No Showing Service Used

Contact Info

List Agent Home Phn: 602-418-5079

Property Features

Building Type: Commercial Current Use: Mixed Use; Restaurant; Retail; Food Service Stories: 1 Story Construction: Block; Stucco; Frame - Wood; Other (See Remarks) Roofing: Foam Floors: Concrete; Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Natural Gas; Heat Pump; Other Cooling: Office A/C; Heat Pump; See Remarks Loading Facilities: Grade Level Interior: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Alarm System; Private Restrooms Exterior: Landscaping; Building Sign; Monument Sign; Security Light(s) Fencing: Partial; See Remarks Parking: Private Parking Electric: APS Gas: SW Gas Water: City Franchise; Domestic Well Sewer: Sewer - Public New Financing: Cash Only Showing Notification Methods: Email; Phone Call Lockbox Type: None Source of Fincl Data: Provided by Owner Existing 1st Loan: Private Existing 1st Ln Type: Fixed Existing 1st Ln Trms: Assume-Qualify; Balloon/Call Prvisn Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Balloon/Call Prvisn Traffic Count: Unknown Use Restrictions: Currently Leased; Existing Easement(s) Environmental: None

Documents

Listing Office: Property Management Real Estate
Last Updated: January - 05 - 2025
6501 E Cave Creek Road, Cave Creek, AZ 85331- MLS# 6760525
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