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
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
More Information MLS# 6760525
Contract Info
Ownership: Fee Simple Current Price: $4,500,000 Sold Price: $4,500,000 Status: Closed List Date: 2024-09-04
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 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 Uncvrd Parking Spcs: 105 Lot Size Dimensions: irregular Flood Zone: Yes Year Built: 2007 Zoning: CC
Legal Info
Range: 4E Section: 27 Township: 6N Lot Number: 2
Construction
Block: 1 Stucco: 1 Wood Frame: 1 Other: 1
Roofing
Foam: 1
Floors
Concrete: 1 Other: 1
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: 1
Business Type
Mixed: 1 Restaurant: 1 Retail: 1 Food Service: 1
Stories
1 Story: 1
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: 1 Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Heat Pump: 1 Natural Gas: 1 Other: 1
Cooling
Heat Pump: 1 Office A/C: 1 See Remarks: 1
Interior Features
Finished: 1 Fire Sprinklers: 1 Smoke Detector(s): 1 Security System: 1 Security Light(s): 1 Alarm System: 1 Private Restrooms: 1
Loading Facilities
Grade Level: 1
Road Access Type
Dedicated Street: 1
Exterior
Landscaping: 1 Building Sign: 1 Monument Sign: 1 Security Light(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
Unknown: 1
Fencing
Partial: 1 See Remarks: 1
Water Source
City Franchise: 1 Domestic Well: 1
Freeway/Highway
1.1 - 2 Miles: 1
Sewer
Sewer - Public: 1
Parking Features
Private: 1
Electric
APS: 1
Gas
SW Gas: 1
New Financing
Cash Only: 1
Existing 1st Loan
Private: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Assume-Qualify: 1 Balloon/Call Prvisn: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Use Restrictions
Currently Leased: 1 Existing Easement(s): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1 Boundary Survey Avlb: 1 Well Disclosure: 1 None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Balloon/Call Prvisn: 1
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 $/%: $
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
Income Expenses
Gross Annual Sch Inc: 372000 Net Operating Income: 312000
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
Documents
Lot Survey › Listing Office: Property Management Real Estate
Last Updated: March - 04 - 2026
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