1310 24Th StPhoenix, AZ 85008

Property Details for 1310 24Th St

Year built

1978

Construction

CONCRETE

Lot size

0.82 AC

Property size (Sq ft)

8,106 SF

Zone code

C-O

Property type

Medical offices

Property subtype

Medical centers

APN

116-05-016A

APU

11605016A

Description

This single-story, 7,207 square foot office building, located at 1310 N 24th Street in Phoenix, Arizona's Midtown/Central Phoenix submarket, presents a fantastic opportunity. Built in 1978 and extensively renovated in 2018, the property offers a blend of classic charm and modern updates. The building is zoned C-O, PHX and features three total suites, with one suite currently vacant, measuring 1,217 square feet – ideal for immediate occupancy. The minimum divisible space is also 1,217 square feet. The property sits on a 0.88-acre lot and boasts ample parking with 32 spaces available for tenants and visitors. Its convenient location at the cross streets of N 24th Street & E Culver Street, in the 85008 zip code, provides easy access to major thoroughfares and local amenities. Suitable for both traditional office and medical office uses, this property is an excellent investment opportunity in a thriving Phoenix neighborhood. The Maricopa County property, with APN numbers 116-05-016 and 116-05-017, offers a versatile space ready for immediate use. Don't miss this chance to secure a prime location in a dynamic area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,791,071

  6.5%

  $1,653,296

  7%

  $1,535,204

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,249,540

  Geo Method

  $1,249,540

• Alternative Use

  Use

  Valuation

  Residential

  $2,050,088

  Hospitality

  $1,877,869

  Educational

  $1,562,365

  Medical

  $1,616,097

  Retail

  $2,430,346

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4634

Longitude

-112.031

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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