$4,500,000
$4,799,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
1.84 Acres Lot
SOLD DATE : 08/13/2025
Key Details
Sold Price $4,500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision La Kanza Plaza At Red Truck
MLS Listing ID 6760525
Sold Date 08/13/25
Year Built 2007
Annual Tax Amount $17,281
Tax Year 2024
Lot Size 1.844 Acres
Acres 1.84
Lot Dimensions irregular
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Mixed use custom built retail complex with 3 bldgs in center of Cave Creek. Owner occupies 2/3 of the complex with 3 of it's businesses. The Hair Salon and Grotto Cafe are under 3rd party leases. CAP rate represents below market rates for owner's leases. All leases are modified gross at $24/ft, multi-year. Property is an extraordinary, custom built complex with unique features and grounds that make it the nicest property in Cave Creek. This would be highly desirable for an owner occupant looking for a retail location complemented by several solid tenants in place. $3 million assumable loan at 3.5% available. Financials, expenses, & leases available with acceptable LOI. Please do not talk with tenants
Location
State AZ
County Maricopa
Community La Kanza Plaza At Red Truck
Zoning CC
Direction Take Cave Creek Rd north of Carefree Hwy to 4 way stop at School House Rd. Continue East on Cave Creek Rd to the second set of buildings on the right or south side. Look for the Red Truck!
Interior
Heating Other, Heat Pump, Natural Gas
Cooling See Remarks, Heat Pump, Office A/C
Flooring Other, Concrete
Exterior
Parking Features Private
Fence See Remarks, Partial
Roof Type Foam
Private Pool No
Building
Sewer Public Sewer
Water City Franchise, Domestic Well
New Construction No
Others
Senior Community No
Tax ID 216-06-275
Financing Cash to Loan
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