2585 MIRACLE MILE 120, Bullhead City, AZ 86442
$375,000
Property Type:
Comm/Industry Sale
Square Footage:
2,000
Lot Size (sq. ft.):
2,000
Status:
Active
Current Price:
$375,000
List Date:
1/22/2024
Last Modified:
12/29/2025
Description
FULLY LEASE INVESTMENT CONDO - Fully built out medical office for Sale.
Health and wellness tenant on 6 year new lease with annual rent escalations!
Reception/Waiting/Check in / Multiple Exam Rooms (with sinks) / 2 restrooms / Lab / Breakroom / Monument Signage
Colorado Place, a 100,000 sq ft professionally managed mixed-use property, the largest office property in Northern Arizona, is located at the center of the Central Business District of Bullhead City. Centered between the triangle of Las Vegas, Phoenix and Los Angeles, the market has 5 million year-round tourists seeking river recreation in the summer, warmer weather in the winter and gaming year-round.
More Information MLS# 6654016
Contract Info
Ownership: Condominium
Current Price: $375,000
List Price: $375,000
Status: Active
List Date: 2024-01-19
Location, Tax & Legal
Unit #: 120
Assessor's Map #: 61
Legal Description (Abbrev): COLORADO PLACE BUSINESS CONDOMINIUMS TRACT 5141 AMENDED UNITS 131 THRU 133 CONT 2000 SQ FT 220-61-03
Assessor's Parcel #: 33
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Bullhead City
Census Tract: 951502
Taxes: 2346
Legal: COLORADO PLACE BUSINESS CONDOMINIUMS TRACT 5141 AMENDED UNITS 131 THRU 133 CONT 2000 SQ FT 220-61-03
House Number: 2585
Street Name: MIRACLE MILE
St Suffix: --
City/Town Code: Bullhead City
State/Province: AZ
Zip Code: 86442
Zip4: 7522
County Code: Mohave
Subdivision: COLORADO PLACE BUSINESS CONDOMINIUMS
Assessor Number: 220-61-033-B
Tax Year: 2023
General Property Description
Type of Property: Fully Leased Office Condo
Ttl Apx SqFt Bldg: 2000
# of Buildings: 1
Uncvrd Parking Spcs: 10
Year Built: 2000
Zoning: Commercial
Currently Not Used
Sold Price Per SqFt: 187.5
Construction
Other: 1
Roofing
Other: 1
Floors
Other: 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 3400
Operating Exp: 5746
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 24000
Building Type
Other (See Remarks): 1
Business Type
Barber/Beauty: 1
Dental: 1
Medical: 1
Professional/Office: 1
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 4.68
Equity: 375000
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
Heating
See Remarks: 1
Cooling
See Remarks: 1
Interior Features
Finished: 1
Loading Facilities
None: 1
Source of Fincl Data
Owner: 1
Fencing
See Remarks: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Paved: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Owner May Carry: 1
Other (See Remarks): 1
Reports/Disclosures
None: 1
Environmental
None: 1
Remarks Misc
Geo Lat: 35.091827
Geo Lon: -114.596929
Legal Info
Lot Number: 120
Income Expenses
Gross Annual Sch Inc: 24000
Net Operating Income: 17564
Property Features
Building Type: Other (See Remarks)
Business Type: Barber/Beauty; Dental; Medical; Professional/Office; Retail
Stories: 1 Story
Construction: Other
Roofing: Other
Floors: Other
Ceiling Height: 10.1 Feet to 12 Feet
Heating: See Remarks
Cooling: See Remarks
Loading Facilities: None
Interior Features: Finished
Fencing: See Remarks
Parking Features: Free; Paved
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Owner May Carry; Other (See Remarks)
Lockbox Type: None
Source of Fincl Data: Owner
Environmental: None
Listing Office:
Kidder Mathews
Last Updated: December - 29 - 2025
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