7000 Riverside Dr, Parker, AZ 85344

$6,000,000
Property Type: Commercial Improved Square Footage: 2,374 Lot Size (sq. ft.): 124,561 Status: Closed
Current Price: $6,000,000 List Date: 6/10/2022 Last Modified: 1/24/2025

Overview

Description

A once-in-a-lifetime opportunity to own a legendary, deeded, fee-simple commercial property on the Parker Strip! A local and tourist favorite! This riverfront, RV/Manufactured home park, & famous floating dock bar & grill can be yours! This 37-space park is on nearly 3 acres and has 217' of water frontage! There are 5 riverfront spaces, over 100' of beach, palapas, docks, & plenty of boat parking. Roadrunner floating dock bar & restaurant have always been a favorite stop on the Parker Strip! It does a tremendous volume, has a class 6 liquor license. The kitchen was recently moved off the dock in a $130,000 remodel. The bar/restaurant is leased & there is a possible opportunity to keep that in place. Continue on without changing anything & the current business model will not only pay for itself it will bring you a nice monthly income. If you'd like to change it up, turn the RV sites into a tiny home village, manufactured homes, custom stick builds or a condo development. Instant ...

Listing Details MLS# 1021833

Basic Information

List Price/SqFt
2813.77
Commercial Type
Other
Bus And/Or Re
Bus and RE
Lease Type
Gross

Location

Street No.
7000
Street
Riverside
St Suffix
Dr
State
AZ
Zip Code
85344
County
La Paz
Subdivision/Community
Parker Strip
Area
Parker Strip Area
Block
10N
Lot
2
Twp
10N
Sec
01
Zoning
K-C-2 Comm: Community Business
Overlay Districts
None
Cross Street
Hwy 95
Legal Description
SECTION: 1 TOWNSHIP: 10N RANGE: 19W ***SEE RECORDED DOCUMENTS FOR COMPLETE LEGAL DESCRIPTION*** PTN OF GOVT LOT 2 SEC 1
Parcel ID
311-36-005a
Tract
No

Property Information

Year Built
1991
Builder Name
unk
Less Than 1 Acre
No
Lot SqFt
124561
Acres
2.86
Building Stories
Yes
Apx Living SqFt
2374
Total Buildings
Yes
Total # Units
37
Number of Docks
Yes
Approx. Parking Spaces
40
Unit Level
Ground
Front Exposure
North
Apx Garage Depth
0-21
Garage
0

Business Information

Business Name
Roadrunner

Remarks

Public Remarks
A once-in-a-lifetime opportunity to own a legendary, deeded, fee-simple commercial property on the Parker Strip! A local and tourist favorite! This riverfront, RV/Manufactured home park, & famous floating dock bar & grill can be yours! This 37-space park is on nearly 3 acres and has 217' of water frontage! There are 5 riverfront spaces, over 100' of beach, palapas, docks, & plenty of boat parking. Roadrunner floating dock bar & restaurant have always been a favorite stop on the Parker Strip! It does a tremendous volume, has a class 6 liquor license. The kitchen was recently moved off the dock in a $130,000 remodel. The bar/restaurant is leased & there is a possible opportunity to keep that in place. Continue on without changing anything & the current business model will not only pay for itself it will bring you a nice monthly income. If you'd like to change it up, turn the RV sites into a tiny home village, manufactured homes, custom stick builds or a condo development. Instantly raise your cap rate by bring current rents to market value. This is an incredible investment. Sellers are retiring after 14 years, this amazing location can be yours! Call today! Financing available
Directions
hwy 95, turn right down Emerald Canyon golf course to Riverside Dr, turn right, Roadrunner on left

More Information

Status Change Info

Under Contract Date
2022-08-11
Close Date
2022-10-27

Annual Costs

Annual Gross Inc
398000
Annual Electric $
2200
Annual Insurance $
22000
Annual Sewer $
30000
Annual Trash $
2900
Cable Annual $
8803

Taxes/Assessments/HOA

Taxes
4047
Tax Yr
2021
Assessments
No
HOA
No
Leased Land
No

Features

Balcony/Porch/Patio/Deck
Yes
Commercial Dishwasher
Yes
Commercial Fridge
Yes
Commercial Range
Yes
Dumpster
Yes
Exterior Lights
Yes
Fire Alarm
Yes
Fixtures/Furniture
Yes
Freezer
Yes
Public Restrooms
Yes
Reception Area
Yes
Refrigeration
Yes
Refrigerator
Yes
Security Lights
Yes
Sign-Pole
Yes
Smoke Detector(s)
Yes

Fencing

Block
Yes

Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes
Lease Option
Yes
Owner Will Carry
Yes

Lockbox Location

None
Yes

Water

Public
Yes

Owner Pays

Common Area Maintenance
Yes
Exterior Maintenance
Yes
Liability Insurance
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Possession

Close Of Escrow
Yes

Parking

31-50 Spaces
Yes

Roofing

Rolled/Hot Mop
Yes
Shingle
Yes

Site Description

Gravel
Yes
Water Access
Yes
Waterfront
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
Heat
Yes
Insurance
Yes
Taxes
Yes

Use Type

Bar/Tavern/Lounge
Yes
Mobile/Trailer Park
Yes
Restaurant
Yes

Property Features

Features: Balcony/Porch/Patio/Deck; Commercial Dishwasher; Commercial Fridge; Commercial Range; Dumpster; Exterior Lights; Fire Alarm; Fixtures/Furniture; Freezer; Public Restrooms; Reception Area; Refrigeration; Refrigerator; Security Lights; Sign-Pole; Smoke Detector(s) Fencing: Block Lockbox Location: None Owner Pays: Common Area Maintenance; Exterior Maintenance; Liability Insurance; Taxes; Trash Collection; Water Parking: 31-50 Spaces Roofing: Rolled/Hot Mop; Shingle Site Description: Gravel; Water Access; Waterfront Tenant Pays: Electricity; Gas; Heat; Insurance; Taxes Terms: 1031 Exchange; Cash; Conventional; Lease Option; Owner Will Carry Use Type: Bar/Tavern/Lounge; Mobile/Trailer Park; Restaurant Water: Public Possession: Close Of Escrow

Documents

Listing Office: Selman and Associates Parker
Listing Agent: Local Realty Experts
IDX
Last Updated: January - 24 - 2025
Information deemed reliable but not guaranteed.
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