4132 38Th DrPhoenix, AZ 85019

Property Details for 4132 38Th Dr

Year built

1976

Construction

CONCRETE

Lot size

0.68 AC

Property size (Sq ft)

1,600 SF

Zone code

A-2

Property type

Office buildings

APN

107-12-006S

APU

10712006S

Description

This exceptional 0.68-acre parcel of land presents a unique investment opportunity in the thriving Phoenix, Arizona market. Located at 4132 N 38TH Drive Unit 4132, this property offers significant potential for a variety of commercial developments. The expansive lot size provides ample space for ambitious projects, allowing for creative design and efficient utilization of the land. Its strategic location within Phoenix offers excellent access to major transportation arteries, ensuring convenient connectivity for businesses and employees. The address is specifically 4132 N 38TH Drive Unit 4132, providing a clear and easily identifiable location for potential buyers. The asking price for this remarkable property is $2,850,000, reflecting its prime location and development potential. Given the current market conditions and the scarcity of available land in this area, this represents a compelling investment opportunity for discerning buyers seeking a foothold in the dynamic Phoenix commercial real estate sector. The property's size and location make it suitable for a range of commercial ventures, from retail spaces to light industrial uses, subject to city zoning regulations. Further due diligence is recommended to fully explore the development possibilities and ensure compliance with all applicable building codes and regulations. This is a rare chance to acquire a substantial land holding in a rapidly growing area of Phoenix. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $383,326

  6.5%

  $353,840

  7%

  $328,565

• Comparable approach

  Method

  Valuation

  Relative Method

  $246,640

  Geo Method

  $246,640

• Alternative Use

  Use

  Valuation

  Residential

  $438,761

  Hospitality

  $401,903

  Educational

  $334,378

  Medical

  $345,878

  Retail

  $520,144

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4964

Longitude

-112.141

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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