Studio house for sale

Overview

Investors Dream! Welcome to this profitable commercial/residential property located on a 5.63-acre parcel of land, featuring tall pine trees and an impressive Highway frontage on highway 260 near Bison Golf Course entrance in Show Low. This property offers high visibility for any commercial venture, making it an ideal investment opportunity. The property consists of three leased buildings, including a current leased building of 3800 sq.ft. The building is currently leased to a well-known veterinarian company from Chicago, who has 16 years remaining on their lease. The tenants cover all maintenance expenses on the building, utilities, and most of the property taxes annually. The commercial building has been renovated into an animal hospital, with the tenants investing significant amounts of money in the process. The Highway frontage also provides ample space for further development, and a turnout has already been constructed for easy access. The neighboring property owners are planning to build a care facility and are already working on plans to build out the entrance and an entrance area to this property, further enhancing its value. In addition to the leased building, the property includes four full-service RV lots, providing an opportunity for additional rental income. There are also two 900 sq.ft. residential homes (Units C and D) on the property, which are currently leased out. Both homes have a simple 2 bed/1 bath floor plan and have been fully renovated. All buildings on the property have metal roofs, adding durability and longevity to the structures. Overall, this property offers an excellent opportunity for a variety of commercial ventures, with a prime location, ample space for development, and multiple sources of rental income. Don't miss out on the chance to own this exceptional property! Owner will consider splitting the parcel and selling divided lots with buildings.