3330 2Nd StPhoenix, AZ 85004

Property Details for 3330 2Nd St

Year built

1985

Construction

CONCRETE

Lot size

1.79 AC

Property size (Sq ft)

62,565 SF

Zone code

C-O

Property type

Parking lots & garages

APN

118-34-110

APU

11834110

Description

Invest in this prime Midtown Phoenix medical office building, the Osborn Medical Plaza. This Class B property, built in 1985, offers 50,778 square feet of space with multiple tenancy options. Suites range from a minimum of 604 square feet to a maximum contiguous space of 13,307 square feet, with 4,123 square feet currently vacant. The property sits on 1.79 acres of land (APN: 118-34-110) and is zoned P-2. Conveniently located at 3330 N 2nd St, Phoenix, AZ 85004, this building boasts an excellent central location with nearby retail and restaurants. Enjoy easy access to the Central Ave & Osborn light rail station. The building features a three-level, on-site parking garage with direct building access and a covered patient drop-off and pick-up area. Current common area renovations include new flooring and paint in lobbies and restrooms, along with garage improvements. Attractive tenant improvement packages are available. Professional on-site building management ensures a smooth operation. No elevators are present in this building.

• CAP approach

  CAP return

  Valuation

  6%

  $20,321,466

  6.5%

  $18,758,276

  7%

  $17,418,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,303,874

  Geo Method

  $24,303,874

• Alternative Use

  Use

  Valuation

  Residential

  $15,823,308

  Hospitality

  $14,494,065

  Educational

  $12,058,892

  Medical

  $12,473,616

  Retail

  $18,758,276

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4868

Longitude

-112.072

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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