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30108963
30108964

417 McKeown Ave, Patagonia, AZ 85624

JM
BR683316000
Red Tail Real Estate
Listed by Red Tail Real Estate
$600,000
91 days on market
Updated 3 days ago

Casa Galleria

Details
APN 106-37-058B
Property Type Mixed Use
Sub Type Corporate rental
Square Footage 2,238
Units 1
Cap Rate 8.44%
NOI $50,621
Occupancy 100%
Lease Type Gross
Price per SqFt $268
Year Built 1935
Year Renovated 2024
Buildings 1
Stories 1
Lot Size (SqFt) 6,500
Zoning Town Of Patagonia
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition For sale by owner

Iconic Patagonia adobe. Leased to Hermosa Mine engineering contractor. 8.44% cap rate. $600K.

Marketing description

A rare opportunity to own a piece of Southern Arizona history. This iconic 1935 adobe miner's lodge — fully renovated from the ground up — sits at the heart of Patagonia, directly facing the park with sweeping views of Mt. Wrightson. 5 bedrooms, 4 bathrooms, and 2,238 SF of meticulously restored character: new roof, HVAC, windows, kitchen, baths, epoxy floors, and more. Currently leased to Redpath Mining's upper management team through January 2027, delivering $5,410/month in stable corporate rental income. With an 8.44% cap rate and minimal overhead, this turnkey asset performs as beautifully as it looks. Walking distance to dining, shops, galleries, and the historic Wagon Wheel Saloon — in a town drawing thousands of visitors every week. Offered at $600,000. Owner/Agent

Listing Contacts

JM
BR683316000
Red Tail Real Estate
Listed by Red Tail Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$50,621.00
$4,218.42/mo

Valuation Metrics

0
DSCR
8.44%
Cap Rate
8.44%
ROI

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