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
- 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
- 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
- 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!
Status Change Info
- Off Market Date
- 2025-08-14
- Under Contract Date
- 2025-04-29
- Close of Escrow Date
- 2025-08-13
Legal Info
- Township
- 6N
- Range
- 4E
- Section
- 27
- Lot Number
- 2
More Information
Income Expenses
- Gross Annual Sch Inc
- 372000
- Net Operating Income
- 312000
Showing Notification Methods
- Showing Service
- No Showing Service Used
- Yes
- Phone Call
- 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 $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Construction
- Block
- Yes
- Stucco
- Yes
- Wood Frame
- Yes
- Other
- Yes
Roofing
- Foam
- Yes
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
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
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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