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32295185
32295187

677 E MINGUS AVE, COTTONWOOD, AZ 86326

PH
AZ BR527203000, AZ AZ BR527203000
McMahon & Miller Commercial Real Estate
NS
AZ AZ SA703975000
McMahon & Miller Commercial Real Estate
JM
AZ BR649715000
McMahon & Miller Commercial Real Estate
Listed by McMahon & Miller Commercial Real Estate
$999,000
37 days on market
Updated 37 days ago

Jerona Cafe & Kitchen

Details
APN 406-42-255A,406-42-255D
Property Type Retail, Multifamily (+1)
Sub Type Restaurant, Bar (+1)
Square Footage 6,500
Units 4
Cap Rate 6.35%
NOI $63,476
Tenancy Multi
Year Built 2005
Year Renovated 2011, 2015, 2020
Buildings 2
Stories 2
Acreage 0.960
Zoning C-1
Parking Spaces 50 spaces
Parking Per SqFt 7.69
Ground Lease No

Priced to sell; Second-gen restaurant; Mixed-use - 2 residential apartments; Storage/warehouse

Marketing description

Priced to sell. Rare mixed-use IDEAL for owner-user or investor (or both with revenue in place). The property includes an established restaurant/café buildout with equipment included, two residential apartments, warehouse/storage space, rear storage shed, and ample on-site parking across two parcels totaling approximately one acre. Excellent flexibility with current leases (call/email broker for details w/signed NDA).

Positioned along a primary Cottonwood commercial corridor with strong visibility (accross from USPS) and an offering-package-reported ±20,000 ADT on Mingus Avenue, the asset is well suited for restaurant, retail, office, service, hospitality, or residential income use, subject to applicable zoning and city requirements.

Investment highlights

2 parcels: Opportunity to develop parcel 406-42-255D - Zoned C-1

Ideal for owner-user/investor

Second generation kitchen space; FFE included

Two residential apartment units on second floor

Additional storage/warehouse building

On-site parking +overfill

Busy thoroughfare, ~20,000 VPD

Listing Contacts

PH
AZ BR527203000, AZ AZ BR527203000
McMahon & Miller Commercial Real Estate
NS
AZ AZ SA703975000
McMahon & Miller Commercial Real Estate
JM
AZ BR649715000
McMahon & Miller Commercial Real Estate
Listed by McMahon & Miller Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,476.00
$5,289.67/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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Additional Information

Name
Padraic Hawley
License
BR527203000
Brokerage
McMahon & Miller Commercial Real Estate
Brokerage Phone
928-224-2709
Title
Associate Broker
Brokerage Address
671 Arizona 179
Name
Nick Sivek
License
AZ SA703975000
Brokerage
McMahon & Miller Commercial Real Estate
Brokerage Phone
9282748628
Title
Agent
Brokerage Address
671 Arizona 179
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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