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Commercial For sale Retail Strip Center

Springerville, AZ - Verizon & China Garden

299 S Mountain Ave, Springerville, Arizona 85938

$650,000
$167 / sq ft Listed May 22, 2026
3,900 sqft
Building
1 acres
Lot
2004
Built
1
Stories
15
Parking
1
Units

About this property

Springerville, AZ - Verizon & China Garden is a retail for sale in Springerville, Arizona, listed at $650,000. Key details: year built 2004, building size 3,900 sqft, lot size 1 acres, stories 1. Listed by Jack Cornell of SRS Real State Partners on LoopingCloud and last updated May 22, 2026.

Commercial Real Estate Investment Offering: Multi-Tenant Retail/Office Building

100% Leased Verizon Wireless & China Garden Pad Site – High-Visibility General Commercial Asset

Property Overview

  • Property Type: Multi-Tenant Retail / Office Building

  • Current Occupancy: 100% Leased

  • Gross Leasable Area (GLA): ± 3,900 SF

  • Land Area: ± 0.53 Acres (23,086 SF)

  • Assessor's Parcel Number (APN): 105-18-025E

  • Zoning: C1 (General Commercial)

  • Year Built: 2004

  • Asking Price Valuation: Approximately $651,300 (Based on a highly attractive $167 per SF pricing)

  • Parking infrastructure: 15 Dedicated Spaces (3.85 spaces per 1,000 SF)

  • Ownership Interest: Fee Simple (Land & Building Ownership)

Executive Summary: Secure Multi-Tenant Investment Opportunity

On behalf of ownership, this premium commercial real estate offering presents the rare opportunity to acquire the fee simple interest in a beautifully maintained, 100% occupied multi-tenant retail and office building totaling approximately 3,900 square feet. Anchored by a diverse and recession-resistant tenant mix—including global telecommunications leader Verizon Wireless and neighborhood culinary staple China Garden—this asset delivers an incredibly stable, immediate income stream from day one.

Engineered for localized risk mitigation, the asset benefits from a highly favorable lease structure, with the majority of the building operated under NNN (Triple Net) leases. This framework ensures that the tenants cover their proportionate share of property expenses, significantly insulating the landlord from rising operational costs and providing a predictable, hands-off return profile. Priced defensively at just $167 per square foot, this asset represents an exceptional entry point for passive investors looking to expand their commercial footprint or complete a seamless 1031 exchange into a stable, internet-resistant commercial property.

Strategic Retail Positioning & Premium Drive-By Intrinsic Value

The asset’s long-term value is structurally reinforced by its positioning as an exclusive pad site to a high-volume Safeway Grocery Store and Dollar Tree shopping center. Anchoring next to a dominant regional grocer creates a built-in, repetitive daily consumer draw that a standalone building simply cannot replicate.

Key Location Features & Site Advantages:

  • Exceptional Street Frontage & Exposure: The building is perfectly situated along a primary commercial corridor, featuring excellent frontage that ensures high brand visibility for its tenants.

  • Optimal Point of Access: Designed with ease of entry in mind, the site features multiple convenient ingress/egress points, making it frictionless for incoming customer traffic to access the storefronts and the 15 dedicated parking spaces.

  • Versatile C1 Zoning: The General Commercial (C1) zoning designation provides immense long-term value and flexibility, naturally accommodating a wide variety of retail, medical, traditional office, and storefront restaurant uses.

Robust Demographic Profile & Asset Synergy

Built in 2004, the physical structure features an attractive, modern architectural design optimized for maximum utility, split seamlessly between restaurant and retail-storefront configurations.

Investment Attribute Asset Performance & Market Advantage
Tenant Synergy The combination of a corporate-grade tech retail giant (Verizon) and an established dining anchor (China Garden) captures both daytime tech consumers and evening/weekend traffic.
Stability Metrics Balanced multi-tenant dependency protects against single-tenant vacancy spikes, keeping historical cash flow predictable.
Real Estate Intrinsic Value Buying land and building (Fee Simple) well below replacement cost at $167/SF provides a highly secure margin of safety for capital preservation.

This property represents the ideal intersection of high-yield commercial real estate, corporate tenant stability, and an irreplaceable shadow-anchored grocery location.

Key highlights

  • Occupied
  • Tenancy Multi
  • Brand/Tenant Verizon Wireless
  • Price per SqFt $167
  • Zoning C1: General Commercial
  • Parking Per SqFt 3.85
  • APN 105-18-025E
  • Pad Site to Safeway and Dollar Tree
  • Excellent Frontage, Visibility & Access

Lending Opportunities

Connect with a mortgage professional to explore financing options and see what you may qualify for.

CompanyLender typeContactPhone
TheLoanProsTeam Mortgage Broker Roxanne Chung (754) 707-5877
Money Solutions, LLC Mortgage Broker Jennifer A. Judice (813) 431-5000

Property details

Key facts

Year Built
2004
Building Size
3,900 sqft
Lot Size
1 acres
Stories
1
Parking Spaces
15
Total Units
1
Occupied
Yes
Occupancy
100%
Property Status
Normal Sale
Building Status
Existing

Pricing details

Financing
Third Party Financing
Investment Property
Active investment property

Investment snapshot

$167
Price per sq ft

Acquisition options

OptionAsking priceCap rateCommissionMonthly incomeOwnership
Purchase Only $650,000 - - - -

Features and amenities

Property Features

  • Tenancy: Multi
  • Brand/Tenant: Verizon Wireless
  • Price per SqFt: $167
  • Zoning C1: General Commercial
  • Parking Per SqFt: 3.85
  • APN: 105-18-025E

Highlights

  • 100% Leased Retail/Office Building | Diverse Tenant Mix
  • Majority of Building Under NNN Leases | Fee Simple Ownership
  • Pad Site to Safeway and Dollar Tree
  • Excellent Frontage, Visibility & Access

Location

Address as shown by the lister.

Get directions

About this area - Springerville

Population
4,263
Housing units
1,977
Land area
335.7 sq mi
County
Apache

Neighborhood

Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.

Documents, links and contacts

Additional contacts

1 person to reach
  • Ed Beeh - ed.beeh@srsre.comEVP & Managing Principal - AZ #: BR032807000 (602) 682-6040

Frequently asked questions

What is the asking price of Springerville, AZ - Verizon & China Garden?

Springerville, AZ - Verizon & China Garden is listed at $650,000. That works out to about $167 per square foot.

Where is Springerville, AZ - Verizon & China Garden located?

The property is in 299 S Mountain Ave, Springerville, Arizona 85938, Apache County.

What type of property is this?

This is a retail for sale in the commercial category.

How big is the property?

The building is 3,900 sqft. The lot is 1 acres.

Is financing available?

The lister indicates: Third Party Financing.

Who do I contact about this listing?

Jack Cornell of SRS Real State Partners listed this property. Use the Request Info button to send a message or call (801) 410-1621.

When was this listing published?

It was published on May 22, 2026 and last updated on May 22, 2026.

Listing information

Listing ID
CL-Arizona-27757
Published
May 22, 2026
Last updated
May 22, 2026

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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.

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