$1,500,000
$1,500,000
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1.5 Acres Lot
SOLD DATE : 06/08/2023
Key Details
Sold Price $1,500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6494387
Sold Date 06/08/23
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 2000
Annual Tax Amount $20,808
Tax Year 2022
Lot Size 1.500 Acres
Acres 1.5
Property Description
4800 S. White Mountain Rd. is a prime investment opportunity located in the heart of Show Low, AZ. This vibrant mountain community enjoys a mild four-season climate and its location within the 2,000,000 acre Apache-Sitgreaves National Forests and close proximity to over 50 lakes and streams make Show Low a recreation paradise. Show Low is the employment, commercial and recreation hub of northeastern Arizona and offers a wealth of dining, shopping, and lodging opportunities as well as a number of signature events. It is truly a city that blends the charm of a small town with all the comforts of a larger city.... 4800 S. White Mountain Rd. is a prime investment opportunity located in the heart of Show Low, AZ. This vibrant mountain community enjoys a mild four-season climate and its location within the 2,000,000 acre Apache-Sitgreaves National Forests and close proximity to over 50 lakes and streams make Show Low a recreation paradise. Show Low is the employment, commercial and recreation hub of northeastern Arizona and offers a wealth of dining, shopping, and lodging opportunities as well as a number of signature events. It is truly a city that blends the charm of a small town with all the comforts of a larger city. ...
The subject property is located on one of the two main highways, White Mountain Rd. (HWY 260) which is the connecting thoroughfare between Show Low and Pinetop/Lakeside (another extremely popular northern Arizona destination town less than 5 miles southeast). The subject property is right on the main drag, across the street from the large Summit Healthcare facility, and walking distance to other large commercial retailers like The Home Depot, Walmart Supercenter, Lowes, and Sportsman's Warehouse, all within a half a mile. The property truly is in the middle of all the commercial activity the town has to offer.
4800 S. White Mountain Rd. consists of 16,689 square feet of building on approximately 1.5 acres of land. The building itself has been operating primarily as a health club and contains an indoor pool, racquetball courts, workout facilities, exercise rooms, and more. There is also a smaller retail space that has been leased to a hair salon as well as for personal training and physical therapy. The building was built in 2000 with top quality construction and this offering gives an investor the ability to buy it at a number that is way less than replacement cost. Even with the mild climate and northern Arizona terrain that is extremely popular with health conscious, active individuals, there are very few heath club options in the area. There are also no rock climbing gyms in the area which would be a great option for the property as well. Given its location across from Summit Heathcare and next door to Walgreens Pharmacy, the subject property could also be a great location for a Sports Medicine or Physical Therapy facility. There are many options to add value to this investment opportunity and is perfect for and end user or traditional commercial real estate investor looking for a great building in a dynamic area, below replacement cost.
-Located on the Main Thorofare (HYW 260) between Show Low and Pinetop/Lakeside
-16,689 Square Foot Building on 1.5 Acres
-Built in 2000
-Across the Street from the Large Summit Healthcare Facility
-Less than 1/2 Mile to Home Depot, Lowes, Walmart Supercenter, & Sportsman's Warehouse
-Priced Well Below Replacement Cost105000
Location
State AZ
County Navajo
Zoning C-2
Direction Right on Highway 260 (White Mountain Rd.) across from Summit Healthcare
Interior
Heating Natural Gas
Cooling Central A/C
Flooring Wood
Exterior
Garage Paved Parking, Public Parking
Fence None
Waterfront No
Roof Type Composition
Present Use Mixed Use, Retail, Service Business, Medical/Dental, Recreational, Office
Parking Type Paved Parking, Public Parking
Total Parking Spaces 30
Building
Sewer Public Sewer
Water City Franchise
Others
Senior Community No
Tax ID 212-03-124-D
Financing Carryback
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