445 W Highway 287 - Restaurant FOR SALE


Florence, AZ 85132
$849,900 USD
602-332-5507
445 W Highway 287, Florence, AZ for Sale
$849,900 USD
Restaurant - FOR SALE
1/34
null | 5% Cap Rate

445 W Highway 287
Florence, AZ 85132


OVERVIEW

Subject property is located at a major Hwy. ( Hwy 287) leading to Coolidge and very close to Hwy. 79 leading to Apache Junction and Tucson. Built in 1989, subject property is a 3,370 SF building, on 1.34 AC of land. The building is leased and operates as an Italian Restaurant, A & M Pizza Bakery with a seating capacity of 140 people on 1.34 AC of land. There are three public schools within Florence, which include K-8 schools, a high school along with the main campus of Central Arizona College. There are a number of major employers in Florence which include Pinal County, Town of Florence, Florence Unified School District, and 9 correctional operations. These employers provide approximately 7,000 jobs. Florence is growing in population, in square miles and surrounded by many new residential subdivision and future developments. Please look at the subdivision maps for new homes already being built across the street of the subject property (Phase I at Western Crossing One for 280 new homes, Phase II has infrastructure installed and is ready for Phase II ). Also look at the maps for permitted subdivisions for around 1,500 homes and planned subdivisions in the city of Florence for permitting for 7,500 homes. All these subdivisions are adjacent, around, and remarkably close to Subject Property.

FOR SALE DETAILS

PRICE

$849,900 USD

PRICE/SF

$252 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ABSOLUTE NNN INVESTMENT – $700,000 – 6.00% CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

C-2

APN/PARCEL ID

202-05-010B

ASK ABOUT THIS PROPERTY

Tom WolfWest USA Realty - CommercialMore Info
602-332-5507

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Tom WolfWest USA Realty - CommercialMore Info
602-332-5507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.