6310 35Th AvePhoenix, AZ 85041

Property Details for 6310 35Th Ave

Year built

2007

Construction

CONCRETE

Lot size

1.81 AC

Property size (Sq ft)

18,420 SF

Zone code

C-2

Property type

Outlet malls

APN

105-89-945D

APU

10589945D

Description

Exceptional retail investment opportunity in Phoenix, Arizona, asking $3,300,000. This 18,420 square foot property, built in 2007, sits on a 78,746 square foot lot and boasts a price per square foot of $179.15. Located at 6310 S 35th Ave, Phoenix, AZ 85041, in Maricopa County, this property benefits from its strategic location near a high-traffic Walmart. This Walmart location ranked #5 out of 86 in Arizona and #105 out of 3,866 nationwide in customer visits (March 1, 2023 - February 29, 2024), with an estimated 2.8 million customers during that period. The property's proximity to this high-volume retailer, along with its location within the Laveen Village Retail Center, provides a significant geographical advantage over competing shopping areas. The property's size and location make it ideal for a variety of retail uses, capitalizing on the substantial foot traffic generated by the neighboring commercial establishments. This presents a compelling investment opportunity for discerning buyers seeking a high-return property in a prime location. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $3,421,230

  6.5%

  $3,158,060

  7%

  $2,932,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,953,020

  Geo Method

  $2,953,020

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,316,010

  Mixed-Use / Specialty

  $3,083,160

  Hospitality / Lodging

  $2,179,170

  Office

  $2,998,570

  Institutional / Educational

  $3,182,500

  Residential Income

  $3,723,530

  Multifamily

  $4,818,600

  Automotive / Energy

  $2,727,860

  Parking / Income-Based Land

  $1,004,220

  Restaurant / Food Service

  $1,467,760

  Healthcare / Senior Housing

  $3,226,990

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.3894

Longitude

-112.136

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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