Homes for sale - 140 W OAK Street, Globe, AZ 85501

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$570,000

Est. payment - /mo

0.28 Acres Lot

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Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Subdivision Globe Townsite

MLS Listing ID 6868396

Maintenance Fees $600

Year Built 1950

Annual Tax Amount $5

Tax Year 2024

Lot Size 0.280 Acres

Acres 0.28

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Located in the heart of historic Globe, Arizona, just one block from the highway on Oak and Pine Streets, this 7,924 sq ft mixed-use property offers exceptional potential for investors. Currently home to four diverse storefronts - including a dentist's office, tattoo parlor, beauty salon, and AA recovery center - the property generates a rental income of $59,692. Additionally, it features two fully operational AirBnB units, with the possibility to add three more for even greater return potential. With an attractive 9.38% cap rate, this property is a prime opportunity for investors seeking strong, stable returns. Don't miss your chance to own a piece of Globe's vibrant commercial district! OWNER MAY CARRY!

Location

State AZ

County Gila

Community Globe Townsite

Area Gila

Zoning Commercial

Interior

Heating Heat Pump, 2 or More Units

Cooling Central Air, Window/Wall Unit, Heat Pump

Flooring Other

Exterior

Parking Features Parking Lot, Free

Fence Security

Roof Type Composition,Rolled/Hot Mop

Private Pool No

Building

Dwelling Type Commercial

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 208-03-202

Disclosures Seller Prop Disc Stm

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Listed by Oak Realty

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

140 W OAK Street Globe, AZ 85501