NOT LISTED FOR SALE

Estimated Value: $1,056,474

Studio
2 Baths
4,988 Sq Ft
$212/Sq Ft Est. Value

Sale Details

Date Sold: March 29, 2024

Last sale price $1,050,000 $211 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,164 / mo

235 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Concrete Flooring
  • Heat Pump System

About This Home

As of March 2024

Is this for real?! Incredible opportunity to purchase an amazing & versatile property located in Old Town Cottonwood! Found just off Main Street & across the street from the Old Town Activity Park - be part of the explosive restaurant & wine/spirits scene of this charming town.

This special listing incl. TWO highly renovated Buildings, sold AS IS, w/C-1 zoning. Each w/its own outdoor patio & commercial kitchen.

Price includes all FFEs for both buildings w/a robust inventory list to get a business popping immediately.

If you're looking to set up shop in thriving Old Town Cottonwood, the time is now!

Read the supplement & the photo narratives for all the lovely details on this fantastic opportunity. 102 E. Pima Street | Old Town Cottonwood, AZ

In a prime location that is visible from other restaurants and across the street from the activity park, this gem commercial space is ready for someone to take the current owner's vision & hard work to the next level! An amazing opportunity to have two renovated C-1 buildings running as successful businesses. The flexibility of use can be used in myriad ways to support a wide array of businesses including Bar/Restaurant, Wine & Spirits Tasting Room, Event Center, Catering Business, Yoga/Exercise Center, Art Gallery, Entertainment Venue - virtually anything that asks people to gather and participate in the activities and playtime need for a balanced vibrant life!

If your vision requires ambient outdoor space, you will find it here with the two patio areas. Use one building for your own business and rent the other for an income stream - this is a golden opportunity!!

The current list price is for the real estate and fully equipped with virtually all of the FFEs to run a successful tasting room + a restaurant/bar. Owner is open to just selling the buildings if the FFEs are not needed. Please discuss with the listing agent.

All showings will require agent accompany and require a minimum of 24 Hour notice.

Please continue reading the detailed descriptions for each building along with the information in the photo narratives. Check out the media section of the listing to see an impeccable 3D tour of each building.

BUILDING 1 | 3268 sq. ft. | BUILT 1951 | HISTORICAL LANDMARK
The larger building was formerly a church but is currently operating (by the owner) as the Crown Club Bottle Shop - a specialty wine & spirits retail store + tasting room. This huge space can double as a special events locale accommodating up to 100 people. It has a front outdoor patio w/seating for 12. Has undergone substantial renovations since 2015. Front space houses retail liquor sales, lounge seating areas, a 6-person bar for wine tastings & wine education, and 2 three-stall bathrooms. The back of the building includes climate controlled liquor storage with security features, an owner office that houses an extensive security system w/a large monitor showing live feed for all on-site cameras, a huge commercial kitchen space (see photos for details) and a large storage room.

The building has been previously used by the owner for Paint & Wine Parties, specialty dinners, hosting community group gatherings, and rented out for private events.

At one point in the history of the building, the huge commercial kitchen served the Senior Center. It had an Ansul Hood System and the venting is still in place so that could be restored to bring the kitchen back to its highest & best use. Prior to current ownership, the building had been granted a CUP from the city for wine production. There is the possibility to get that CUP restored - Buyer has sole responsibility for the due diligence if material to the purchase of the building.

You will fall in love with Crown Club Bottle Shop and its huge array of features!

BUILDING 2 | 1720 sq. ft. | BUILT 1967 | BAR/TAVERN
Until 2022 this building was running as the much loved local favorite, 3 Kings Kasbar! A gorgeous custom designed restaurant & bar boasting a delightful Mediterranean menu & high quality craft cocktails, with specialty Belgian beers on tap. Completely envisioned by the owner to reflect her world travels and helped brought to life by the respected Mussa+Associates Design Group of Sedona in 2015. You will have a hard time deciding if you like the indoor space better than the outdoor space, because they are both amazing! Just had a new roof put on in Sept 2023.

The outdoor patio space is huge (capacity for 50) and like no other patio setting in the Sedona/Verde Valley area. Myriad seating areas to create cozy nooks for two, or group seating at the custom tables & benches. With TWO custom made concrete fire pits, you can't believe the amazing atmosphere created at night - twinkling stars & fairy lights will entrance all who hang out in this space. Half of the patio is protected by a fully covered pergola so even on misty nights, you can be outdoors. If you want to be right up on the action, step up to the 10-seat custom bar with a copper counter top and a roll top "garage door" style window that lets the fresh air in.

The inside space (capacity for 50) is fantastic with a 10-seat bar continuing with the copper bar top, charming lighting, & custom tile work. The bar itself is slick and high functioning - set up with two Point of Service locations. See photos for details & descriptions.

The rest of the dining room is integrated beautifully with an array of seating options. Cozy tables for two with upholstered chairs, a large wood table for a group. and then finally an array of banquette seating w/bistro tables & chairs. The whole space has delightful decor from around the world - you will feel like you aren't in Arizona anymore!

Regarding the building details, there is a small but mighty kitchen with prep areas, a cast iron oven, refrigeration, reach-in freezer + compliant dishwashing area. You can exit the building to the alley way for safety of kitchen staff. There is also a server prep area for beverage & place setting set-up. It adjoins the nice sized stainless steel walk-in refrigerator that is as chilly as it gets! With food shelving on one side and the space for all beer kegs/lines on the other side. Finally there are two individual unisex bathrooms to accommodate guest.

There is truly no other space like this in the area and you will have a hard time resisting the charms of this imaginative restaurant & bar. It literally looks like it is still open for business and locals sure wish it was!

We look forward to meeting with the public with this special sale! We know the perfect match is out there who will see the magic of this property and all the potential by choosing to do business in Old Town Cottonwood!

Last Agent to Sell the Property

Traci Durfee

Sedona Elite Properties License #BR684059000 Listed on: 06/03/2023

Last Buyer's Agent

Historical Agent - SVV

Historical Listings - SVV

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,406

Year Built

  • Built in 1960

Lot Details

  • Property is zoned C-1

Home Design

  • 4,988 Sq Ft Home
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heat Pump System
  • Separate Meters
  • 220 Volts

Community Details

  • 2 Buildings
  • Cottonwood Addition Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 40634052

Property Details

Property Type

Other

Est. Annual Taxes

$4,406

Year Built

Built in 1960

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Comm/Industry Sale
  • Zoning: C-1
  • Number Of Buildings: 2
  • Year Built: 1960
  • Tax Year: 2022
  • Subdivision Name: Cottonwood Addition
  • Electric 220: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Flooring: Vinyl, Concrete
  • Living Area: 4988.0
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Construction Type: Stucco, Block
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Utilities

  • Electric: 220 Volts, Individual Meter
  • Cooling: Central Air, Other, Window/Wall Unit
  • Heating: Heat Pump, Electric
  • Green Building Features: Physcl Chlgd (SRmks)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Main Cooling Other: Yes

Lot Info

  • Parcel #: 40634052

Tax Info

  • Tax Annual Amount: 4406.0
  • Tax Lot: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2023
Closed on
Mar 22, 2024
Sold by
Bought by
Seller's Agent
Traci Durfee
Sedona Elite Properties
Buyer's Agent
Historical Agent - SVV
Historical Listings - SVV
List Price
$1,275,000
Sold Price
$1,050,000
Premium/Discount to List
-$225,000
-17.65%
Current Estimated Value
$1,056,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,474
Avg. Annual Appreciation
0.26%
Original Mortgage
$400,000
Outstanding Balance
$390,025
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$666,449

Purchase Details

Listed on
Jun 1, 2015
Closed on
Oct 8, 2015
Sold by
Bought by
Seller's Agent
Carol Anne Teague
Realty ONE Group Mountain Desert
Buyer's Agent
Barbara Baker
Barbara Baker Realty LLC
List Price
$375,000
Sold Price
$290,600
Premium/Discount to List
-$84,400
-22.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.40%
Original Mortgage
$232,480
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 7, 2013
Closed on
Sep 11, 2013
Sold by
Bought by
Seller's Agent
Kathy Cox
Realty ONE Group Mountain Desert
Buyer's Agent
Carol Anne Teague
Realty ONE Group Mountain Desert
List Price
$325,000
Sold Price
$174,835
Premium/Discount to List
-$150,165
-46.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.92%
Original Mortgage
$126,000
Interest Rate
4.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 25, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.28%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Cottonwood, AZ

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,050,000 Empire Title
$290,600 Stewart Title & Trust Sedona
$174,835 Stewart Title & Trust Of Pho
$338,000 Capital Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $400,000
Previous Owner $232,480
Previous Owner $126,000
Previous Owner $255,000
Previous Owner $205,000
Previous Owner $25,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2024 03/29/24 Sold $1,050,000 -17.6% $211 / Sq Ft
01/24/2024 01/24/24 Pending -- -- --
06/03/2023 06/03/23 For Sale $1,275,000 +338.7% $256 / Sq Ft
10/16/2015 10/16/15 Sold $290,600 -22.5% $58 / Sq Ft View Prior Sale
10/15/2015 10/15/15 Pending -- -- --
06/01/2015 06/01/15 For Sale $375,000 +114.5% $75 / Sq Ft
10/16/2013 10/16/13 Sold $174,835 -46.2% $33 / Sq Ft View Prior Sale
09/07/2013 09/07/13 For Sale $325,000 +441.7% $62 / Sq Ft
08/27/2013 08/27/13 Pending -- -- --
07/25/2012 07/25/12 Sold $60,000 -24.1% $36 / Sq Ft View Prior Sale
05/23/2012 05/23/12 Pending -- -- --
04/02/2012 04/02/12 For Sale $79,000 -- $47 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2027 $4,286 --
2026 $4,252 --
2024 $4,301 --
2023 $4,301 $84,436 $9,190 $75,246
2022 $4,406 $77,136 $15,236 $61,900
2021 $4,785 $61,482 $15,236 $46,246
2020 $4,749 $0 $0 $0
2019 $4,711 $0 $0 $0
2018 $4,549 $0 $0 $0
2017 $2,713 $0 $0 $0
2016 $2,710 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 533268

Arizona Regional Multiple Listing Service (ARMLS)

APN: 406-34-052

Your Personal Tour Guide

Ask me questions while you tour the home.