4445 24Th StPhoenix, AZ 85016

Property Details for 4445 24Th St

Year built

1945

Construction

CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

2,412 SF

Zone code

C-2

Property type

Office properties

Property subtype

Office buildings

APN

163-07-092A

APU

16307092A

Description

This 2,412 square foot freestanding office building, located in Phoenix's desirable Camelback Corridor at 24th Street and Campbell Avenue, presents a unique owner-user opportunity. Built in 1945, this single-story, Class B building sits on a 0.22-acre lot and offers 10 parking spaces, many secured. The property boasts prominent monument and building signage on 24th Street, providing excellent corporate visibility. Its unique character and charm are complemented by the numerous nearby amenities. The building is currently vacant with an occupancy date of April 8, 2024. Zoned C-2 by the City of Phoenix, this property is ideal for a variety of office uses, including creative, medical, or traditional office spaces. The asking price is $1,050,000. A virtual tour is available.

• CAP approach

  CAP return

  Valuation

  6%

  $664,102

  6.5%

  $613,017

  7%

  $569,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $371,810

  Geo Method

  $371,810

• Alternative Use

  Use

  Valuation

  Residential

  $760,142

  Hospitality

  $696,286

  Educational

  $579,302

  Medical

  $599,225

  Retail

  $901,136

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5017

Longitude

-112.03

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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