3620 4Th AvePhoenix, AZ 85053

Property Details for 3620 4Th Ave

Year built

1987

Construction

CONCRETE

Lot size

0.92 AC

Property size (Sq ft)

18,350 SF

Zone code

C-2

Property type

Office buildings

APN

118-30-002B

APU

11830002B

Description

This exceptional 18,350-square-foot, two-story office building, situated on a 0.86-acre lot at 3620 N. 4th Ave in Phoenix, AZ, presents a rare investment opportunity. Built in 1987 and extensively renovated in 2006, the property boasts modern amenities including a sophisticated HVAC system with zoned climate control and a negative air system, all controllable via a mobile application. High-quality natural lighting is achieved through Kalwall installation. The building features 64 parking spaces and is conveniently located in the Central Corridor, approximately three miles from downtown Phoenix. Its prime location offers excellent visibility on 4th Avenue, with easy access to the Valley Metro Light Rail, Arizona State Route 51, and Interstate I-17. Surrounded by retail, restaurants, corporate anchors, medical facilities, and Arizona State University, this Class B building offers significant potential. The property includes two grease traps, one elevator, and two emergency stairwells. Zoned C-2, City of Phoenix, this fee-simple ownership presents a unique chance to acquire a well-maintained, strategically located office building in a thriving area. The building is currently vacant, providing immediate occupancy for an owner/user or the opportunity to lease to multiple tenants. The property's features include ample parking, excellent visibility, and proximity to major transportation routes and amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $4,054,547

  6.5%

  $3,742,658

  7%

  $3,475,326

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,828,652

  Geo Method

  $2,828,652

• Alternative Use

  Use

  Valuation

  Residential

  $4,640,896

  Hospitality

  $4,251,036

  Educational

  $3,536,812

  Medical

  $3,658,449

  Retail

  $5,501,708

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.49

Longitude

-112.079

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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