13832 32Nd StPhoenix, AZ 85032

Property Details for 13832 32Nd St

Year built

1976

Construction

CONCRETE

Lot size

4.39 AC

Property size (Sq ft)

8,420 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

214-55-010

APU

21455010

Description

Kino Plaza, Building A, presents a unique investment opportunity in Phoenix, Arizona. Located at 13832 N 32nd St, 85032, this property offers 7,156 square feet of vacant space within a larger complex. The building, constructed in 1976, is zoned C-2 by the City of Phoenix and sits on 1.05 acres of land. This versatile space is suitable for both creative office and medical office uses, as indicated by its dual subtype classification. The property is part of a larger five-building complex, offering ample parking with a ratio of 4.98 spaces per 1,000 square feet. While the total building square footage is not currently available, the significant vacant space presents a substantial opportunity for lease or purchase. The property's location at the intersection of 32nd Street and Thunderbird provides excellent visibility and accessibility. The multiple tenancy structure allows for flexibility in leasing arrangements. This is an exceptional chance to acquire space in a well-established Phoenix commercial development, ideal for businesses seeking a vibrant and convenient location. The property's versatility and prime location make it an attractive option for a wide range of commercial enterprises.

• CAP approach

  CAP return

  Valuation

  6%

  $2,021,103

  6.5%

  $1,865,634

  7%

  $1,732,374

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,270,816

  Geo Method

  $3,270,816

• Alternative Use

  Use

  Valuation

  Residential

  $1,573,732

  Hospitality

  $1,441,530

  Educational

  $1,199,336

  Medical

  $1,240,583

  Retail

  $1,865,634

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6129

Longitude

-112.014

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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