$4,500,000
Cave Creek, AZ 85331
MLS# 6760525
Status: Closed
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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
Details
Maps
Documents
Contract Info
Current Price: $4,500,000
Sold Price: $4,500,000
Status: Closed
List Date: 2024-09-04
Ownership: Fee Simple
Location Tax Legal
House Number: 6501
Compass: E
Street Name: Cave Creek
St Suffix: Road
City/Town Code: Cave Creek
State/Province: AZ
Zip Code: 85331
Zip4: 8683
County Code: Maricopa
Subdivision: La Kanza Plaza at Red Truck
Assessor Number: 216-06-275
Tax Year: 2024
General Property Description
Type of Property: Commercial Retail
Ttl Apx SqFt Bldg: 15500
Ttl Apx Net Rnt Spc: 15500
# of Buildings: 3
Lot Size Dimensions: irregular
Year Built: 2007
Uncvrd Parking Spcs: 105
Zoning: CC
Flood Zone: Yes
Remarks Misc
Cross Street: Cave Creek Rd & School House
Directions: 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!
Geo Lat: 33.831937
Geo Lon: -111.941018
Status Change Info
Off Market Date: 2025-08-14
Under Contract Date: 2025-04-29
Close of Escrow Date: 2025-08-13
Sold Price: $4,500,000
Legal Info
Township: 6N
Range: 4E
Section: 27
Lot Number: 2
Income Expenses
Gross Annual Sch Inc: 372000
Net Operating Income: 312000
Showing Notification Methods
Showing Service: No Showing Service Used
Contact Info
List Agent Home Phn: 602-418-5079
Sold Info
Loan Type: Cash to Loan
Loan Years: 30
Payment Type: Balloon
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Business Type: Mixed; Restaurant; Retail; Food Service
Stories: 1 Story
Construction: Block; Stucco; Wood Frame; Other
Roofing: Foam
Floors: Concrete; Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Natural Gas; Heat Pump; Other
Cooling: Office A/C; Heat Pump; See Remarks
Loading Facilities: Grade Level
Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Alarm System; Private Restrooms
Exterior: Landscaping; Building Sign; Monument Sign; Security Light(s)
Fencing: Partial; See Remarks
Parking Features: Private
Road Access Type: Dedicated Street
Electric: APS
Gas: SW Gas
Water Source: City Franchise; Domestic Well
Sewer: Sewer - Public
New Financing: Cash Only
Showing Notification Methods: Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st Loan: Private
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Assume-Qualify; Balloon/Call Prvisn
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Balloon/Call Prvisn
Traffic Count: Unknown
Use Restrictions: Currently Leased; Existing Easement(s)
Environmental: None
Lot Survey 
Listing Office: Property Management Real Estate
Last Updated: November - 13 - 2025
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