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516 N Main St

Cottonwood, AZ 86326
  • $295,000
  • STATUS: Active
  • ON SITE: 592 Days
  • MLS #: 525467
$295,000
  • 0
    BEDS
  • 0.53
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,896
    SQFT
  • $76
    $/SQFT
Neighborhood:
Type:
Business Opportunity
Built:
1946
County:

School Ratings & Info

Description

The Verde Lea Market has been a popular deli, grill and convenience store since 1946. It is located along the tourist route into Old Town Cottonwood. They have a #10 takeout liquor license. The owners have owned the business for 16 years. They gross about $1 million per year and net about $120,000 plus benefits. The business is mostly takeout with some indoor dining. There is no wait staff. Potential expansion might include adding a drive-in window. The owners each work some part time hours. A buyer can buy the business alone for $295,000 cash and lease the building for $3000/month (just 77 cents psf) with an option to buy the real estate. Or a buyer can buy it all now for $695,000. The owners would also carry with $295,000 down and the balance over 20 years @ 6.5% with a 15 year balloon.

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© 2022 Sedona Verde Valley Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty One Group, Inc. Data last updated: 2022-09-28T06:43:39.817.
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516 N Main St Cottonwood, AZ 86326

  • Price: $295,000
  • Status: Active
  • On Site: 592 Days
  • MLS #: 525467
0
Beds
0
Baths
0
½ Baths
0.53
Acres
3,896
SQFT
$76
$/SQFT
1946
Built
Neighborhood:
Scotts Add
County:
Yavapai
Area:
10 - Cottonwood
Property Description
The Verde Lea Market has been a popular deli, grill and convenience store since 1946. It is located along the tourist route into Old Town Cottonwood. They have a #10 takeout liquor license. The owners have owned the business for 16 years. They gross about $1 million per year and net about $120,000 plus benefits. The business is mostly takeout with some indoor dining. There is no wait staff. Potential expansion might include adding a drive-in window. The owners each work some part time hours. A buyer can buy the business alone for $295,000 cash and lease the building for $3000/month (just 77 cents psf) with an option to buy the real estate. Or a buyer can buy it all now for $695,000. The owners would also carry with $295,000 down and the balance over 20 years @ 6.5% with a 15 year balloon.
Exterior Features

Construction Frame - Wood External Amenities ParkingStreet/Hwy Exposure Roof Materials Comp Shingle

Interior Features

Baths InteriorSingle Cooling Gas PackRefrigeration/CentrlRoom Evap Heating Other (See Remarks) Internal Amenities Security Alarm

Property Features

Amountof Taxes 3162.00 Business Type RestaurantRetail Business Types DeliGrillStore General Lease Info Other - See Remarks Management Owner On Site Water Trtmnt None Sale Includes BuildingsEquipmentFixturesInventoryLandLicensesTrade NameTraining Special Conditions N/A Tax Year 2021 Tenant Pays JanitorialUtilities Terms Available CashCash To New LoanSubmit To O M C Utilities Included 220City WaterElectricityIndividual MeterNatural GasSewer (City)TelephoneUnderground

Listing provided by Sound Investments: (928) 634-8800. Listing information © 2022 Sedona Verde Valley Association of Realtors, Inc.


© 2022 Sedona Verde Valley Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty One Group, Inc. Data last updated: 2022-09-28T06:43:39.817.
 
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