$774,000
55 Southwest Drive
Sedona, AZ 86336
MLS# 523717
2651 sqft


55 Southwest Drive, Sedona, AZ 86336
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Property Description
LIVE AND WORK TOGETHER !! Priced at under 300 per foot! Rare C2 zoning. 8+ % Cap rate ! Business not for sale / does not convey. Long term single tenant in large 2250 s ft. building @ 3500 per month. Lease is up in December but has committed to extending another two years, tenant would like to stay or will vacate. 400 s ft / Guest casita in the back can short term for 100+ per night/70-90% occupancy or 1500-2000/ month. see attached rental report (or long term rented) TWO Brand New HVACs just installed . All inspections recently completed, 3000 minor handyman work (seller may credit with strong offer) New high end town homes coming in across the street on South west Dr. and 5/ million plus homes other side of street on bluff. SELLER MAY CARRY 100,000 SECOND DEED!

Details
Documents
Contract Information
Area: 42 - West Sedona
Subdivision: Southwest Ctr
Sub-Type: Commercial
Listing Price: 774000
Current Price: $774,000
List Price/SqFt: 291.97
Status: Active
Listing Date: 2020-07-27
Location
County: Yavapai
Tax Parcel: 408-24-312
Street # (Modifier): 55
Street Name: Southwest
St Suffix: Drive
City/Town Code: Sedona
State/Province: AZ
Zip Code: 86336
General Property Description
Phase: 1
Lot #: 5
Lot Acreage: 0.23
Lot Size Source: County Assessor
Zoning: C-2
Apx Total SF: 2651
SqFt Source: County Assessor
Year Built: 1971
# of Floors: 1
# of Buildings: 2
Tax & Legal Info
Sign: Yes
Pet Privileges: Yes
Amount of Taxes: 3632
Tax Year: 2019
Business Info
Business Name: Lebec Physical Thera
Business Type: lease
Grs Vol p/Year $: 67000
Net Vol p/Year $: 63000
Lease Amount: 35002000
Lease Expiration/Trm: 12/20, tenant want to satay but lease up in December
Remarks & Misc
Legal: SOUTHWEST CENTER SUB LOT 5
Directions: HWY 89A to Southwest Dr. property on the left
Unit 1 Info
Rent $: 3500
Unit 2 Info
# Bedrooms: 1
Rent $: 2000
Property Features
Baths: Handicap; Interior
Cooling: Refrigeration/Centrl; Room Refrigeration
Construction: Block; Frame - Wood
Commercial Amenities: None
External Amenities: Fenced Backyard; Patio/Deck
Floors: Laminate; Wood
Heating: Forced - Electric
Internal Amenities: Microwave; Refrigerator
Management: Owner
Occupancy: Rented
Possession: At Recordation
Road Access: Paved
Road Maintenance: City Maintained
Roof Materials: Comp Shingle
On-Site Water Trtmnt: None
Type Building: Other - See Remarks
Terms Available: 1031 Exchange; Cash; Cash to New Loan; Lease Purchase; Submit to O M C; Other - See Remarks
Utilities Included: Cable TV; Electricity; Propane; Public Water; Sewer (Public); Telephone
Water Heater: Propane
Parking Spaces: 1 - 9 Cars; Off Street
Special Conditions: N/A

Listing Office: Galloway Realty, LLC

Last Updated: June - 10 - 2021

Information deemed reliable but not guaranteed.