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Escape Phoenix Heat | 💥 PRICED BELOW REPLACEMENT COST – 6,600 SQ FT (Overgaard)
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If you’ve priced commercial construction lately, you already know:
👉 You would be hard-pressed to build this property for anywhere near the asking price.
This unique Northern Arizona property includes:
✔ 6,600 sq ft commercial shop
✔ Beautiful finished office buildout with wood ceilings & electric fireplace
✔ Separate cabin with full kitchen, full bathroom & enclosed porch
✔ CR (Commercial-Residential) zoning
✔ High-exposure highway frontage on the primary route from Phoenix to Show Low & the White Mountains
✔ Nearly 1/2 acre
💰 Offered at $699,000
📊 WHY THIS PROPERTY MAKES SENSE
Current estimated construction costs for a comparable commercial shop/office facility in Northern Arizona are approximately:
$120–$160 per sq ft
Estimated replacement cost:
👉 ~$792,000 to over $1,050,000
And that does NOT include:
✔ Land
✔ Permits
✔ Site work
✔ Utility hookups
✔ Construction delays
Now factor in:
The cabin value
The land value
The highway frontage
After allocating conservative value to the cabin and land, the effective price attributed to the 6,600 sq ft shop comes in at approximately:
🔥 ~$83 per sq ft
That is substantially below estimated replacement cost in today’s market.
🌲 LIVE / WORK / INVEST
Perfect for:
✔ Contractor
✔ Fabrication business
✔ Storage operation
✔ Service company
✔ Live/work setup
✔ Investment property
Avoid the cost, risk, and delays of new construction and move into a property that is ready to use immediately.
Serious inquiries only.