For Sale
$385,000

250 Pinkley AveCoolidge, AZ 85128

Remodeled Office, Great Location

Overview

Added:
Dec 11, 2024
Days on market:
117
This 2,458 sq ft Class B office building in Coolidge, Arizona, presents a compelling owner-user investment opportunity. Completely renovated in 2023, the property boasts a fresh exterior with new lighting and paint, and a welcoming interior featuring a spacious reception area, two large rooms suitable for classrooms or conference areas, and five private offices. All offices feature modern paint, flooring, and energy-efficient LED lighting. Abundant natural light fills one large room thanks to floor-to-ceiling windows overlooking a private courtyard. The gated courtyard connects to a 20-space parking lot. A fully equipped kitchen with stainless steel appliances, a storage room, two bathrooms, an alarm system, and two air conditioners add to the building's functionality and comfort. Situated on a 10,458 sq ft lot with C-2 zoning, this single-story building offers significant potential. The asking price is $385,000, representing a price per square foot of $156.63 and a pro-forma cap rate of 9.35%. The property is currently vacant with an occupancy date of August 21, 2024, and a pro-forma NOI of $36,000. Built in 1962, this meticulously renovated building is ready for immediate occupancy. The property's location in an Opportunity Zone adds further investment appeal. This is a fee-simple ownership opportunity. The APN is 205-05-178.

Highlights

  • 2,458 sq ft Class B office building in Coolidge, AZ, completely renovated in 2023.
  • Features a spacious reception area, five private offices, two large rooms (ideal for classrooms or conference areas), and a fully equipped kitchen.
  • Includes 20-space parking lot and gated courtyard.
  • 10,458 sq ft lot with C-2 zoning; fee-simple ownership.
  • Asking price: $385,000 ($156.63/sq ft); 9.35% pro-forma cap rate; $36,000 pro-forma NOI.

Property Details for 250 Pinkley Ave

Property type
Office properties, Medical offices
Square Feet
2,458 SF
Class
B
Year Built/Renovated
1962/2023
Buildings
1
Stories
1

Location Insight

City
Coolidge
County
Pinal
State
Arizona
Latitude
32.9789797
Longitude
-111.5190686
250 Pinkley Ave, Coolidge, Arizona

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250 Pinkley Ave
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