FOR SALE in Downtown Kingman:

Prime Location with Corner Building form 1949.
Built in the late 1940’s as a JC Penny’s department store it was recently remodeled in
the Art Deco style. It is currently used as an event center. It might also be used as a
restaurant or retail store. The interior ceiling height could allow for a full or partial
second floor. With over 10,000 sq ft of space and .19 acres of parking it has great potential.

Selling Price $ 1,475,000

Location

201 North 4th Street, Kingman AZ 86401
Facts Parcel # 303-08-101 Building
303-08-099 Parking Lot
Acreage total 0.43 or 18,731 Sq ft
Zoning C2, Community Business
Year Built: 1949
Building has been renovated with new bathrooms and roof. The interior retains, as
much as possible, the look of the original building.

Amenities 9,188 Sq ft Event Hall
824 Sq ft offices, second floor
283 Sq ft detached storage building
20‘ x 20‘ Stage
Ample Dance Floor
Large Bathrooms
Private Back Room

Use today Event Center, is booked on a daily basis, though no

bookings are reserved more than three months in advance due to the pending sale.

Potential lease

Total of 10,295 Sq ft $ 12/Sq ft
Gross rent $ 123,300
Expenses pro forma
– Property Tax $ 8,557
– Insurance $ 2,656
– Utilities $ 8,500
– Repair/Maintenance $ 9,000
– Management $ 18,000
Operating Expenses $ 46,713
Net rent $ 76,500
Capitalization at 6 % $ 1,275,000
Parking as additional Building Lot $ 200,000

Selling Price $ 1,475,000