6501 E Cave Creek Road, Cave Creek, AZ 85331 (MLS# 6760525)

6501 E Cave Creek Road, Cave Creek, AZ 85331

$4,500,000

Property Type: Comm/Industry Sale Square Footage: 15,500 Lot Size (sq. ft.): 80,316 Status: Closed

Current Price: $4,500,000 List Date: 9/21/2024 Last Modified: 3/04/2026

Overview

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

Listing Details MLS# 6760525

Location, Tax & Legal

Assessor's Map #: 6
Legal Description (Abbrev): POR LOT 2 MCR 1332-33 AND PT SW4 SEC 27 DAF COM SE COR SD LOT 2 N 172.15F TH N 88D 54M W 169.77F TH
Assessor's Parcel #: 275
Add'l Parcels: No
Tax Municipality: Cave Creek
Census Tract: 30402
Taxes: 17281
Legal: POR LOT 2 MCR 1332-33 AND PT SW4 SEC 27 DAF COM SE COR SD LOT 2 N 172.15F TH N 88D 54M W 169.77F TH
Marketing Name: La Kanza

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Commercial Retail
Ttl Apx SqFt Bldg: 15500
Ttl Apx Net Rnt Spc: 15500
# of Buildings: 3
Uncvrd Parking Spcs: 105
Lot Size Dimensions: irregular
Flood Zone: Yes

Legal Info

Range: 4E
Section: 27

Construction

Block: Yes
Stucco: Yes
Wood Frame: Yes
Other: Yes

Roofing

Foam: Yes

More Information

Floors

Concrete: Yes
Other: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 17281
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 372000

Building Type

Commercial: Yes

Business Type

Mixed: Yes
Restaurant: Yes
Retail: Yes
Food Service: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Cap Rate: 6.5
Down Payment: 1804000
Equity: 4798998
1st Encumbrance: 2995000
1st Interest Rate: 3.5
1st Years Remaining: 5
1st Payment: 14600
1st Payment Freq: Monthly
Total Owed: 2

Showing Notification Methods

Showing Service: No Showing Service Used
Email: Yes
Phone Call: Yes

Lockbox Type

None: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Heat Pump: Yes
Natural Gas: Yes
Other: Yes

Cooling

Heat Pump: Yes
Office A/C: Yes
See Remarks: Yes

Interior Features

Finished: Yes
Fire Sprinklers: Yes
Smoke Detector(s): Yes
Security System: Yes
Security Light(s): Yes
Alarm System: Yes
Private Restrooms: Yes

Loading Facilities

Grade Level: Yes

Road Access Type

Dedicated Street: Yes

Exterior

Landscaping: Yes
Building Sign: Yes
Monument Sign: Yes
Security Light(s): Yes

Source of Fincl Data

Owner: Yes

Traffic Count

Unknown: Yes

Fencing

Partial: Yes
See Remarks: Yes

Water Source

City Franchise: Yes
Domestic Well: Yes

Freeway/Highway

1.1 - 2 Miles: Yes

Sewer

Sewer - Public: Yes

Parking Features

Private: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

New Financing

Cash Only: Yes

Existing 1st Loan

Private: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Assume-Qualify: Yes
Balloon/Call Prvisn: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Use Restrictions

Currently Leased: Yes
Existing Easement(s): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes
Boundary Survey Avlb: Yes
Well Disclosure: Yes
None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Balloon/Call Prvisn: Yes

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 to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $

Documents

Lot Survey ›

Listing Office: Property Management Real Estate

Last Updated: March - 04 - 2026