For Sale
$394,900

1600 Ash StGlobe, AZ 85501

High-traffic location, 3 rentable suites, 75% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional commercial building, located at 1600 E Ash St, Globe, AZ 85501, presents a compelling investment opportunity. The 2,770 square foot building, classified as a Class B property, features three distinct rentable suites, two of which are currently leased. The property boasts a 75% occupancy rate, generating immediate income. Each suite offers its own entrance and utilities, providing flexibility for diverse business needs. The building underwent renovations in 2022. The property sits on a 0.22-acre lot and includes 15 parking spaces, ensuring ample convenience for tenants and visitors. The building is zoned C2 and offers highway frontage with high traffic counts, providing excellent visibility and accessibility. The asking price is $394,900, translating to $142.56 per square foot. The property is a fee simple ownership, with a modified lease type and credit-rated tenants. This multi-tenant building offers a blend of stability and growth potential, making it an attractive investment for both seasoned investors and those new to commercial real estate. The property's location in Gila County, Arizona, provides access to a thriving local market. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a prime location.

Highlights

  • 2,770 SF Class B commercial building in Globe, AZ, on a 0.22-acre lot.
  • Three rentable suites, two currently leased, offering 75% occupancy and immediate income.
  • 2022 renovations, 15 parking spaces, and C2 zoning.
  • High-traffic highway frontage, excellent visibility, and accessibility.
  • $394,900 asking price ($142.56/SF), fee simple ownership with credit-rated tenants.

Property Details for 1600 Ash St

Property type
Office properties, Medical offices
Square Feet
2,770 SF
Class
B
Year Renovated
2022
Buildings
1
Stories
1
Lot Size (sq. ft)
9,583 SF
Units
3

Location Insight

City
Globe
County
Gila
State
Arizona
Latitude
33.3948525
Longitude
-110.7692044
1600 Ash St, Globe, Arizona

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1600 Ash St
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