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Lofts of Old Town 1039 N Main St

4,700 SF 100% Leased Retail Building Cottonwood, AZ 86326 £2,579,383 (£549/SF)

Investment Highlights

  • Retail Property and 3 Condos right on Main Street in Old Town Cottonwood, Arizona
  • Owner financing option (s) available
  • Fully operational and turnkey business opportunity with a separate fully leased commercial unit.
  • Heavy foot traffic in The Heart of Wine Country / A Key Tourist Destination
  • All assets, tradename, accounts, contracts, convey
  • Contact listing agent for NDA

Executive Summary

A modern masterpiece within an Old Town setting. Featuring the Lofts of Old Town, an absolute turnkey mixed-use business and real estate investment opportunity, situated in the heart of vibrant Old Town Cottonwood. Constructed in 2020, this two-story work- of-art contains three high-end luxury residential vacation rentals and a ground level storefront retail suite, fully leased. Pride of ownership abounds as the condition of the condos is amazingly immaculate, down to the most miniscule detail. The property features two, 2bd/2ba units approximately 1,350 sf each in size, a spacious 1,100 sf 1 bd/1ba luxury unit, and a 900 sf storefront retail space with a new tenant. Each unit is self-contained with its own unique theme, woven together with the type of careful precision found only in the most luxurious homes. The property shows spectacularly well (only a intimate tour or night stay will properly do it justice), with repeat guests fawning over the comfort, location, and amenities provided. There are very few comparable investment properties on the market--from the impeccable presentation to the income stream--one that allows a live-work arrangement (the sellers had previously lived in one of the units), a passive investment with the business operating fluidly without hands-on involvement, or a combination of the two. The sellers have done the hard part--creating a masterpiece from the ground up coupled with a thriving business venture to compliment the design. Now it's your turn to do the easy part...take the keys and OWN this truly rewarding and enriching enterprise.
Property has a dual address: 1037 and 1039 N. Main St. No sign on property. CLA to schedule showings. NDA for financials and lease information. OMC option
Retail property fully leased and 3 fully furnished luxury condos • Located directly on Main Street in Old Town • Turnkey Business Opportunity (VRBO) w/ minimal owner responsibilities • High Quality Construction • Immediate Upside Opportunity • Well Managed and Maintained | Owner financing options
Cottonwood is located in Yavapai County, between Sedona and Jerome. Cottonwood is surrounded by mountain views and named for the beautiful Cottonwood trees that grow along the Verde River. This property offer buyers an outstanding chance to become part of the ever growing prosperous destination market, in a wine and food oriented community! Turnkey and well managed, this pride of ownership asset has minimal owner responsibilities and immediate upside. The property is poised to allow an investor to capitalize on the tremendous economic potential.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income £114,551 £24.37
Other Income - -
Vacancy Loss - -
Effective Gross Income £114,551 £24.37
Taxes £3,271 £0.70
Operating Expenses £12,640 £2.69
Total Expenses £15,911 £3.39
Net Operating Income £98,641 £20.99

Financial Summary (Actual - 2024)

Gross Rental Income
Annual £114,551
Annual Per SF £24.37
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £114,551
Annual Per SF £24.37
Taxes
Annual £3,271
Annual Per SF £0.70
Operating Expenses
Annual £12,640
Annual Per SF £2.69
Total Expenses
Annual £15,911
Annual Per SF £3.39
Net Operating Income
Annual £98,641
Annual Per SF £20.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,700 SF
Building Class
B
Year Built
2020
Price
£2,579,383
Price Per SF
£549
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.08
Land Acres
0.10 AC
Zoning
Commercial - C-1 zoning allowing for a variety of commercial and mixed-uses.
Parking
3 Spaces (0.64 Spaces per 1,000 SF Leased)
Frontage
50 ft on N. Main

Amenities

  • 24 Hour Access
  • Corner Lot
  • Courtyard
  • Fireplace
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Storage Space
  • Recessed Lighting
  • Air Conditioning
  • Balcony
  • Smoke Detector
  • Listing ID: 32971824

  • Date on Market: 19/10/2023

  • Last Updated:

  • Address: 1039 N Main St, Cottonwood, AZ 86326

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