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
Country
US
County Code
Maricopa
Subdivision
La Kanza Plaza at Red Truck
Assessor Number
216-06-275
Tax Year
2024

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

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 $/%
$

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

IDX
Listing Office: Property Management Real Estate
Last Updated: March - 04 - 2026
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