5.3 Acres of Commercial Land for Sale in Cottonwood, Arizona
5980 E Coury Dr, Cottonwood, AZ 86326
Ford Dealership leased to Jones Ford selling at a high Cap Rate. The dealership was built in 2007 by Steve Coury and then leased to Jones Ford in on June 30 of 2015. The lease rate is $25,000 per month has not changed since the inception of the lease. In addition to the lease revenue there is a sales tax rebate in a development agreement that is equal to 1/2 of the city sales tax collected by the town of Camp Verde The Dealership has 28,490 Square Feet of building and is located on 242,490 SQ FT of land. The property is Ford Approved and was designed to meet Ford Dealership Standards in 2006. The building includes a spacious show room, offices, service center, part department, waiting room, public and private restrooms. The lease with Jones renews in June of 2029.
Property details
- County
- Yavapai County
- Community
- Acres or More
- Elevation
- 3,386 feet
- MLS Number
- SVVAR 529034
Parcels
- 40709043e
Property taxes
- 2021
- $36,976
Detailed attributes
Listing
- Type
- Commercial
Lot
- Features
- Lawn
Structure
- Materials
- Block, Metal
- Cooling
- Evaporative
- Heating
- Heat Pump
Interior
- Floors
- Carpet, Tile, Vinyl
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Apr 10, 2024 | New listing | $5,777,862 | — | SVVAR |
| Mar 9, 2024 | Listing removed | $5,777,862 | — | — |
| Sept 29, 2022 | Price decrease | $5,777,862 | $2,221,138 -27.8% | SVVAR |
| Feb 22, 2022 | New listing | $7,999,000 | — | SVVAR |