SOLD 11/11/2020
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Commercial sold for $440,000 in 229 days
14 S Main St Cottonwood, AZ, 86326
Neighborhood: Mingus ParkOff the market Commercial
For many years the Cottonwood/Camp Verde area has lacked enough small retail rental spaces to meet community demand. This property, originally built in 1953, was recently remodeled by the owners into 11 rental spaces with six bathrooms, at a cost of over $100,000. The overall 3430 sq. ft., gradually rising in occupancy, now brings in monthly rents of $4,525 per month, or $54,300 per year, producing a cap rate of about 7.45%,. Leases are one to four years. When the building reaches over 90% occupancy the total monthly rent is expected to be over $6,000 per month, or $72,000 per year. This could produce a 10% cap rate. The property is well located on S. Main Street adjoining the old Circle K. The location should benefit from the new Circle K planned for the NW corner of Mingus & Main
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Property details
1953 year built
Price per sqft
$128/sqft
Address
14 S Main St, Cottonwood, AZ, 86326
City of Arizona
Cottonwood
County
Yavapai
Year Built
1953
Neighborhood
Mingus Park
District
Cottonwood
Nearby major retailers
Walmart Supercenter
Safeway
Supermarket: 2
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Interior Features
Concrete, Laminate, Sheet Vinyl, Tile floors
Baths
None
Floor Covering
Concrete, Laminate, Sheet Vinyl, Tile
Amenities
Gas Pack, Sprinkler/Drip
Listed by
Rick Rosenzweig, Sound Investments
Name
Rick Rosenzweig
License number
BR004344000
Brokerage company
Sound Investments
MLS #
522739
Buyer agent
Name
Robin Non-member
Brokerage company
Non-Member Office
(928) 282-5409
(928) 282-5409
Payment calculator
Calculate your monthly payments
Mortgage
$1,351
Taxes
$0
HOA dues
$0
Mortgage
$88,000 / 20%
2.28%
30 years
Your amount
$1,351 / month
Exterior Features
Block, Frame - Wood, Stone, Stucco construction and more
Construction
Block, Frame - Wood, Stone, Stucco
Pool
No
Lot details
TMK #40641002
Parcel nr.
40641002
Mingus Park neighborhood info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
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no data
Local airport
—
no data
People living in Mingus Park
27%
Families with children
National average: 39%
32%
Non family households
34,543
Population
$69,834
Average Income
Age & gender
Median age 52 years
More info
Commute types
87% commute by car
More info
Education level
30% have high school education
More info
Number of employees
12% work in education and healthcare
More info
Vehicles available
37% have 1 vehicle
More info
Vehicles by gender
37% have 1 vehicle
More info
Housing market insights for
$384.64k
Neighborhood average
sales price*
sales price*
$386k
Neighborhood median
sales price*
sales price*
194
Number
of sales*
of sales*
Housing type
56% are single detacheds
More info
Rooms
43% of the houses have 4 or 5 rooms
More info
Bedrooms
78% have 2 or 3 bedrooms
More info
Owners vs Renters
67% are owners
More info
16.33 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Schools
15 schools with rating up to 5
| School rating | Distance | |
|---|---|---|
|
Verde Valley Seventh-Day Adventist School
Po Box 1810,
Cottonwood, AZ 86326
Elementary School |
0.022mi | |
|
Verde Valley Seventh-Day Adventist School
Po Box 1810,
Cottonwood, AZ 86326
Middle School |
0.022mi | |
| out of 10 |
American Heritage Academy
2030 E. Cherry St.,
Cottonwood, AZ 86326
High School |
0.53mi |
| School rating | Distance | |
|---|---|---|
|
Verde Valley Seventh-Day Adventist School
Po Box 1810,
Cottonwood, AZ 86326
|
0.022mi | |
|
Verde Valley Montessori School - A Center For Crea
215 South Main St,
Cottonwood, AZ 86326
|
0.265mi | |
|
Accelerated Learning Charter School
320 South Main Street,
Cottonwood, AZ 86326
|
0.386mi | |
| out of 10 |
American Heritage Academy
2030 E. Cherry St.,
Cottonwood, AZ 86326
|
0.53mi |
|
Arizona Izone Institute
1 North Willard St,
Cottonwood, AZ 86326
|
0.921mi | |
| School rating | Distance | |
|---|---|---|
|
Verde Valley Seventh-Day Adventist School
Po Box 1810,
Cottonwood, AZ 86326
|
0.022mi | |
|
Accelerated Learning Charter School
320 South Main Street,
Cottonwood, AZ 86326
|
0.386mi | |
| out of 10 |
American Heritage Academy
2030 E. Cherry St.,
Cottonwood, AZ 86326
|
0.53mi |
|
Cottonwood Middle School
500 East Mingus Ave,
Cottonwood, AZ 86326
|
0.787mi | |
|
Arizona Izone Institute
1 North Willard St,
Cottonwood, AZ 86326
|
0.921mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
American Heritage Academy
2030 E. Cherry St.,
Cottonwood, AZ 86326
|
0.53mi |
|
New Visions Academy
125 South 6th St,
Cottonwood, AZ 86326
|
0.702mi | |
|
Arizona Izone Institute
1 North Willard St,
Cottonwood, AZ 86326
|
0.921mi | |
|
Vacte - Valley Academy For Career And Technology E
830 South Main St,
Cottonwood, AZ 86326
|
0.974mi | |
|
Vacte - Clarkdale Jerome School District
830 South Main St,
Cottonwood, AZ 86326
|
0.977mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Expired Jul 1, 2020
Mingus Park Median sales price 2024
| Bedrooms | Med. price | % of listings |
|---|---|---|
| 3 beds | $320k | 100% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jul 1, 2020 | Expired | $475,000 | 138.48 | MLS #522739 |
| Mar 28, 2020 | New Listing | $475,000 +137.5% | 129.64 | MLS #522739 |
| Jan 4, 2017 | Sold | $200,000 | 58.16 | Public Record |
| Jan 4, 2017 | Price Decrease | $200,000 -13.01% | 58.16 | MLS #508134 |
| Sep 15, 2015 | New Listing | $229,900 +9.48% | 66.85 | MLS #508134 |
| Nov 13, 2013 | Sold | $210,000 | 61.06 | Public Record |
| Nov 13, 2013 | Price Decrease | $210,000 -15.66% | 61.06 | MLS #501177 |
| Jun 24, 2013 | New Listing | $249,000 -50.1% | 72.4 | MLS #501177 |
| Feb 6, 2006 | Withdrawn | $499,000 | 152.04 | MLS #105965 |
| Dec 12, 2005 | New Listing | $499,000 | 152.04 | MLS #105965 |
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Frequently Asked Questions about 14 S Main St
What is 14 S Main St?
14 S Main St is a Commercial/Industrial property.
What is the rental income?
-
What is the full address of this Commercial?
14 S Main St, Cottonwood, AZ, 86326.
What comparable properties are nearby?
Comparable nearby commercial properties include 10 S Main St, 646 N Main St, 747 N Main St, 657 E Cottonwood St, 775 N Main St, 60 W Cortez Dr.
MLS Disclaimer: Copyright 2024 Sedona Verde Valley Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. Listing courtesy of Sound Investments.
Listing last updated on: Nov 12, 2020
Verhouse Last checked 4 minutes ago
The closest grocery stores are Food City, 0.8 miles away and Safeway, 0.81 miles away.
The Mingus Park neighborhood has a population of 34,543, and 27% of the families have children. The median age is 52.08 years and 87% commute by car. The most popular housing type is "single detached" and 67% is owner.
