SOLD 03/18/2020
Photos
About
Details
Nearby major retailers
Interior Features
Listed by
Buyer agent
Payment calculator
Exterior Features
Lot details
Neighborhood
Schools
Price history
Similar commercial for sale
Recently sold commercial
Recently sold properties
Similar properties for sale
Request more info
FAQ
Map View
Commercial sold for $380,000 in 707 days
705 N Main St Cottonwood, AZ, 86326
Neighborhood: Hopkins Rch 1 - 3Off the market Commercial
The property is located as you enter Old Town Cottonwood. Hog Wild BBQ Restaurant and Lisa Cook Salon are the tenants. Hog Wild occupies 1696 sq. ft. and is in the 3rd year of a 5 year lease renewal that commenced 10/31/16, with 3% annual rent increases plus another 5 year renewal option. Lisa Cook Salon occupies 520 sq. ft. and is in the first year of a three year lease renewal that commenced 9/30/18, with no annual rent increases or renewal options. The property has an attractive rock exterior and mature trees. With 0.82 acres, there should be room to build another rental building as long as sufficient parking is provided for all tenants. Cap rate approximately 6.02% at asking price. See Supplement. 2018 Estimated Income and Expenses (Modified Gross Leases)
Scheduled Gross Income: $37,182
Approximate Expenses:
Real Estate Taxes: 5,939
Rent Tax (3.5%) 1,301
Management (7%) 2,603
Repairs and Maintenance (5%) 1,859
Insurance 1,700
Total Expenses (33.9%) $13,402
Net Operating Income $23,780
Estimated cap rate at asking price: 6.02%
Note: With 0.82 acres of land, there should be room to build an additional rental building on the property.
Read more
Property details
1996 year built
Price per sqft
$171/sqft
Address
705 N Main St, Cottonwood, AZ, 86326
City of Arizona
Cottonwood
County
Yavapai
Year Built
1996
Neighborhood
Hopkins Rch 1 - 3
District
Cottonwood
Nearby major retailers
Walmart Supercenter
Safeway
Supermarket: 2
Show more
Interior Features
Concrete, Tile floors
Baths
None
Floor Covering
Concrete, Tile
Amenities
Ceiling Fan(s), Evaporative Cooling, Refrigeration/Centrl, Handicap Access, Landscape, Patio/Deck, Sprinkler/Drip
Listed by
Rick Rosenzweig, Sound Investments
Name
Rick Rosenzweig
License number
BR004344000
Brokerage company
Sound Investments
MLS #
516061
Buyer agent
Name
Wayne Latham
Brokerage company
Latham Realty
(928) 300-3437
(928) 300-3437
Payment calculator
Calculate your monthly payments
Mortgage
$1,167
Taxes
$0
HOA dues
$0
Mortgage
$76,000 / 20%
2.28%
30 years
Your amount
$1,167 / month
Exterior Features
Block, Stone, Stucco construction and more
Construction
Block, Stone, Stucco
Pool
No
Lot details
TMK #40638107
Parcel nr.
40638107
Hopkins Rch 1 - 3 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
—
no data
Local airport
—
no data
People living in Hopkins Rch 1 - 3
25%
Families with children
National average: 39%
35%
Non family households
34,543
Population
$69,834
Average Income
Age & gender
Median age 53 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
$378.54k
Neighborhood average
sales price*
sales price*
$382k
Neighborhood median
sales price*
sales price*
199
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
69% are owners
More info
13.17 / 20
Above Average
►
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 9
| School rating | Distance | |
|---|---|---|
| out of 10 |
Manuel De Miguel Elementary School
3500 South Gillenwater Dr,
Flagstaff, AZ 86001
Elementary School |
35.035mi |
|
Maine Consolidated School
10 Spring Valley Rd,
Parks, AZ 86018
Middle School |
35.876mi | |
|
Caviat - Williams High School
440 South 7th St,
Williams, AZ 86046
High School |
35.917mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Manuel De Miguel Elementary School
3500 South Gillenwater Dr,
Flagstaff, AZ 86001
|
35.035mi |
|
Mountain School
311 West Cattle Dr Trail,
Flagstaff, AZ 86001
|
35.117mi | |
|
Maine Consolidated School
10 Spring Valley Rd,
Parks, AZ 86018
|
35.876mi | |
| out of 10 |
Williams Elementary/Middle School
601 North 7th Street,
Williams, AZ 86046
|
36.578mi |
|
Pine Forest School
2257 E. Cedar Avenue,
Flagstaff, AZ 86001
|
36.871mi | |
| School rating | Distance | |
|---|---|---|
|
Maine Consolidated School
10 Spring Valley Rd,
Parks, AZ 86018
|
35.876mi | |
| out of 10 |
Williams Elementary/Middle School
601 North 7th Street,
Williams, AZ 86046
|
36.578mi |
|
Pine Forest School
2257 E. Cedar Avenue,
Flagstaff, AZ 86001
|
36.871mi | |
|
San Francisco De Asis
320 North Humphreys Street,
Flagstaff, AZ 86001
|
37.963mi | |
|
Flagstaff Junior Academy
306 West Cedar Ave,
Flagstaff, AZ 86001
|
38.738mi | |
| School rating | Distance | |
|---|---|---|
|
Caviat - Williams High School
440 South 7th St,
Williams, AZ 86046
|
35.917mi | |
| out of 10 |
Williams High School
440 South 7th St,
Williams, AZ 86046
|
35.971mi |
|
Caviat - Child Care Center Central Campus
2800 South Lone Tree Rd,
Flagstaff, AZ 86001
|
36.382mi | |
| out of 10 |
Flagstaff High School
400 West Elm St,
Flagstaff, AZ 86001
|
38.064mi |
|
Caviat - Flagstaff High School
3000 N Fourth St. ,
Flagstaff, AZ 86001
|
38.147mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Mar 18, 2020
Hopkins Rch 1 - 3 Median sales price 2024
| Bedrooms | Med. price | % of listings |
|---|---|---|
| 3 beds | $545k | 100% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 18, 2020 | Sold | $380,000 | 171.48 | Public Record |
| Mar 18, 2020 | Price Decrease | $380,000 -3.8% | 171.48 | MLS #516061 |
| Feb 13, 2020 | Pending | $395,000 | 178.25 | MLS #516061 |
| Nov 11, 2019 | Price Decrease | $395,000 -12.22% | 178.25 | MLS #516061 |
| Apr 12, 2018 | New Listing | $450,000 | 203.07 | MLS #516061 |
Similar commercial for sale
Similar homes nearby 705 N Main St for sale
Recently sold commercial
Recently sold properties
Similar properties for sale
Request more info
By pressing SEND, you agree that Verhouse and real estate professionals may call/text you about your inquiry, which may involve use of automated means and prerecorded/artificial voices. You don’t need to consent as a condition of buying any property, goods or services. Message/data rates may apply. You also agree to our Terms of Use. Verhouse does not endorse any real estate professionals.
Frequently Asked Questions about 705 N Main St
What is 705 N Main St?
705 N Main St is a Commercial/Industrial property.
What is the rental income?
-
What is the full address of this Commercial?
705 N Main St, Cottonwood, AZ, 86326.
What comparable properties are nearby?
Comparable nearby commercial properties include 747 N Main St, 775 N Main St, 10 S Main St, 657 E Cottonwood St, 60 W Cortez Dr, 32 Finnie Flat Rd.
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: Jan 01, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are Food City, 1.3 miles away and Safeway, 1.37 miles away.
The Hopkins Rch 1-3 neighborhood has a population of 34,543, and 25% of the families have children. The median age is 53.03 years and 87% commute by car. The most popular housing type is "single detached" and 69% is owner.
