7430 48Th StPhoenix, AZ 85042

Property Details for 7430 48Th St

Year built

1999

Construction

STEEL FRAME

Lot size

1.19 AC

Property size (Sq ft)

10,050 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Retail space

APN

123-19-001R

APU

12319001R

Description

This Phoenix, AZ retail property at 7430 S 48th St offers two available spaces, totaling 1,820 to 2,005 square feet. Built in 1999 and zoned C-2, this multi-tenant street retail building boasts excellent street visibility and high traffic counts due to its prime location near the I-10 Freeway and Phoenix Sky Harbor International Airport, as well as the Arizona Grand Resort. The property features convenient roll-up security screens and a secured storage room. One space, Suite 102, offers a leasing incentive for qualified tenants signing a 36-month lease before January 31, 2025. This incentive includes a reduced base rent: Year 1 - $14.00/NNN, Year 2 - $18.00/NNN, Year 3 - $19.50/NNN. The property's APN is 123-19-001R. This location provides exceptional accessibility and visibility, making it an ideal opportunity for a variety of businesses. The former dance studio space provides a versatile layout adaptable to various needs. This is a strong value proposition in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,298,856

  6.5%

  $2,122,021

  7%

  $1,970,448

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,904,003

  Geo Method

  $3,904,003

• Alternative Use

  Use

  Valuation

  Residential

  $1,790,004

  Hospitality

  $1,639,634

  Educational

  $1,364,156

  Medical

  $1,411,072

  Retail

  $2,122,021

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.3792

Longitude

-111.979

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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