Active

1037 N Main St

Cottonwood AZ, 86326

$3,515,000


$703.00 per sqft

Active

5,000 sqft

Commercial

Built in 2020

A modern masterpiece within an Old Town setting. Featuring the Lofts of Old Town, an absolute turnkey mixed-use business and real estate investment opportunity, situated in the heart of vibrant Old Town Cottonwood. Constructed in 2020, this two-story work- of-art contains three high-end luxury residential vacation rentals and a ground level storefront retail suite, fully leased. Pride of ownership abounds as the condition of the condos is amazingly immaculate, down to the most miniscule detail. The property features two, 2bd/2ba units approximately 1,350 sf each in size, a spacious 1,100 sf 1 bd/1ba luxury unit, and a 900 sf storefront retail space with a new tenant. Each unit is self-contained with its own unique theme, woven together with the type of careful precision found only in the most luxurious homes. The property shows spectacularly well (only a intimate tour or night stay will properly do it justice), with repeat guests fawning over the comfort, location, and amenities provided. The revenue stream follows the gleaming reviews, as the property averages approximately $145,000 in annual rental income. There are very few comparable investment properties on the market--from the impeccable presentation to the income stream--one that allows a live-work arrangement (the sellers had previously lived in one of the units), a passive investment with the business operating fluidly without hands-on involvement, or a combination of the two. The sellers have done the hard part--creating a masterpiece from the ground up coupled with a thriving business venture to compliment the design. Now it's your turn to do the easy part...take the keys and OWN this truly rewarding and enriching enterprise.

536161

MLS ID

May 17, 2024

Listed

July 13, 2024

Updated

Map

1037 N Main St
Cottonwood AZ, 86326

Interior Features

Interior Features

Living Quarters, Fireplace


Laundry Description

Laundry Room


Fireplace

No


Cooling

Yes


Cooling Description

Ductless, Other


Heating

Yes


Heating Description

Individual Heat, Electric

Exterior/Building Features

Lot Size

0.1 Acres

Other Property Details

Area Name

10 - Cottonwood


Taxes

$4,177


Tax Frequency

Annually


Garage

No


Parking

1 - 9 Cars


View

No


County

Yavapai


Water Source

City Water


Pool

No


Zoning

C-1

Courtesy of Coldwell Banker Northland, Howard McBride

Listing Contact:  

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Bob Bruno and Nikki Ramagli shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Sedona Verde Valley Association of REALTORS. All rights reserved.

Data last updated 10:11 AM UTC, 7/13/2024

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