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5448 Highway 260

Show Low, AZ 85901
  • $6,000,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 6326627
UPDATED: 52 min ago
$6,000,000
  • 0
    BEDS
  • 1.87
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 33,152
    SQFT
  • $181
    $/SQFT
Type:
Commercial
Built:
1999
County:
Area:

School Ratings & Info

Description

Outstanding investment opportunity. Aspen Ridge Medical Office Complex, located less than 1 mile from Summit Regional Medical Center in Show Low, AZ is a 33,152 sq ft two-story medical/professional office building. Classic brick exterior over steel I-beam and girder, metal stud walls and fully-sprinklered interior was constructed in 1999 by Orman Builders. An approved condominium plat, including approved CC&Rs and HOA regime is currently inactive but allows the new owner the option to sell individually parceled suites or continue to lease and operate the building as a multi-tenant single-ownership investment. The first floor includes a certified functioning 3-operatory out-patient surgery center. The second story is currently ...vacant because the seller had plans for it, but changed direction and decided to sell. Potential exists for the owner to renew current leases and lease up vacant space. The location is prime with superb visibility and frontage on Highway 260. Daily traffic count is approximately 20,000 VPD. Sitting on 1.87 acres, parking is plentiful and includes 160 spaces including 40 covered. The property is near business and retail amenities, including Solterra Senior Living, Lowes, Home Depot and Walmart.

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© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Garcia Group | eXp Realty. Data last updated 2022-01-20T11:13:31.5.
www.eastvalleyhousesearch.com/homes/123636329
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5448 Highway 260 Show Low, AZ 85901

  • Price: $6,000,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 52 min ago
  • MLS #: 6326627
0
Beds
0
Baths
0
½ Baths
1.87
Acres
33,152
SQFT
$181
$/SQFT
1999
Built
Neighborhood:
Aspen Ridge Medical Office
County:
Navajo
Area:
Show Low
Property Description
Outstanding investment opportunity. Aspen Ridge Medical Office Complex, located less than 1 mile from Summit Regional Medical Center in Show Low, AZ is a 33,152 sq ft two-story medical/professional office building. Classic brick exterior over steel I-beam and girder, metal stud walls and fully-sprinklered interior was constructed in 1999 by Orman Builders. An approved condominium plat, including approved CC&Rs and HOA regime is currently inactive but allows the new owner the option to sell individually parceled suites or continue to lease and operate the building as a multi-tenant single-ownership investment. The first floor includes a certified functioning 3-operatory out-patient surgery center. The second story is currently ...vacant because the seller had plans for it, but changed direction and decided to sell. Potential exists for the owner to renew current leases and lease up vacant space. The location is prime with superb visibility and frontage on Highway 260. Daily traffic count is approximately 20,000 VPD. Sitting on 1.87 acres, parking is plentiful and includes 160 spaces including 40 covered. The property is near business and retail amenities, including Solterra Senior Living, Lowes, Home Depot and Walmart.
Exterior Features

Construction Brick Covered Parking Spaces 42.00 Exterior Features Corner LotLandscapingMonument Sign Fencing None Freeway Highway Frontage Parking FreeOther (See Remarks)Paved ParkingPrivate ParkingPublic Parking Roads AsphaltCurb(S) & Gutter(S)Sidewalk(S) Roofing Built-Up Stories 2 Stories Total Parking Spaces 154.00 Uncovered Parking Spaces 112.00

Interior Features

Amenities Public Elevator(S) Ceiling Height 8.1 Feet To 10 Feet Cooling Central A/CHeat PumpOffice A/CSee Remarks Flooring CarpetConcreteVinylWood Heating ElectricHeat PumpNatural Gas Interior Features Alarm SystemFinishedFire SprinklersPhone SystemPrivate RestroomsPublic RestroomsSecurity Camera(S)Security Light(S)Smoke Detector(S)

Property Features

Adjusted Gross Inc 218849.50 Annual Elec Exp 37200.00 Annual Gas Exp 1800.00 Annual Ins Exp 3900.00 Annual Landscape Exp 3420.00 Annual Maint Exp 3420.00 Annual Mgmt Exp 3000.00 Annual Other Expense 16220.00 Annual Trash Exp 5040.00 Annual Wtr Swr Exp 13800.00 Building Type CommercialOffice Cross Street White Mountain Boulevard & Wagon Wheel Lane Current Use Medical/DentalOffice Electric 3 Phase PowerMaster Meter Gas Master Meter Gross Annual Sch Inc 346686.00 Hoa Fee 0.00 Hoa YN No Loading Facilities Grade Level Lot Number 0 Net Operating Income 296886.00 Operating Exp 143439.00 Other Income 91013.00 Ownership Fee Simple Sewer Sewer - PublicSewer-In & Connected Source Of Financial Data Provided By AccntntProvided By Owner Taxes 55639.00 Traffic Count 15001 To 25000 Use Restrictions Currently Leased Vacancy Allowance 0.50 Water Community Franchise Zoning Commercial

Listing courtesy of Keller Williams Realty East Valley.


© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Garcia Group | eXp Realty. Data last updated 2022-01-20T11:13:31.5.
 
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The Garcia Group | eXp Realty
2301 S Stearman Dr
Chandler AZ, 85286