140 W OAK Street, Globe, AZ 85501
New Listing
$620,000
Property Type:
Comm/Industry Sale
Square Footage:
7,924
Lot Size (sq. ft.):
12,183
Status:
Active
Current Price:
$620,000
List Date:
5/19/2025
Last Modified:
5/19/2025
Description
Located in the heart of historic Globe, Arizona, just one block from the highway on Oak and Pine Streets, this 7,924 sq ft mixed-use property offers exceptional potential for investors. Currently home to four diverse storefronts - including a dentist's office, tattoo parlor, beauty salon, and AA recovery center - the property generates a rental income of $59,692. Additionally, it features two fully operational AirBnB units, with the possibility to add three more for even greater return potential. With an attractive 9.38% cap rate, this property is a prime opportunity for investors seeking strong, stable returns. Don't miss your chance to own a piece of Globe's vibrant commercial district!
More Information MLS# 6868396
Contract Info
Current Price: $620,000
List Price: $620,000
Status: Active
List Date: 2025-04-20
Ownership: Fee Simple
Location Tax Legal
House Number: 140
Compass: W
Street Name: OAK
St Suffix: Street
City/Town Code: Globe
State/Province: AZ
Zip Code: 85501
Zip4: 2544
Country: US
County Code: Gila
Subdivision: GLOBE TOWNSITE
Assessor Number: 208-03-202
Tax Year: 2024
General Property Description
Type of Property: Commercial Business Building
Ttl Apx SqFt Bldg: 7924
# of Buildings: 2
Stories: 1
Year Built: 1950
Uncvrd Parking Spcs: 10
Zoning: Commercial
Flood Zone: No
Remarks Misc
Cross Street: Oak and Pine
Geo Lat: 33.3955
Geo Lon: -110.787717
Status Change Info
Status Change Date: 2025-05-19
Legal Info
Township: 01N
Range: 15E
Section: 25
Lot Number: 7
Income Expenses
Gross Annual Sch Inc: 83581
Net Operating Income: 59692
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial
Business Type: Barber/Beauty; Dental; Professional/Office; Other; See Remarks
Construction: Block; Ducts Professionally Air-Sealed
Roofing: Composition; Rolled
Floors: Vinyl; Wood; Other
Ceiling Height: 10.1 Feet to 12 Feet; 14.1 Feet to 16 Feet
Heating: Heat Pump; 2 or More Units
Cooling: Central Air; Window/Wall Unit; Heat Pump
Loading Facilities: None
Interior: Finished; Unfinished; Finished to Suit
Exterior: Corner Lot; Building Sign; Monument Sign
Fencing: Security
Parking Features: Free; Parking Lot
Electric: APS
Gas: Other (See Remarks)
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Owner May Carry
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Use Restrictions: Currently Leased; Existing Easement(s)
Environmental: None
Listing Office: Oak Realty
Last Updated: May - 19 - 2025
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