4238 7Th AvePhoenix, AZ 85013

Property Details for 4238 7Th Ave

Lot size

0.15 AC

Zone code

C-2

Property type

Commercial real estate

APN

155-39-012

APU

15539012

Description

This exceptional Phoenix investment opportunity presents a unique 8,100-square-foot retail property located at 4238 N 7th Ave, in the vibrant Melrose District, zip code 85013, Maricopa County, Arizona. Priced at $1,995,000 ($246.30/sq ft), this single-story building sits on a C-2 zoned lot and offers a versatile layout suitable for a variety of uses, including a bar, convenience store, or quick-service restaurant (QSR). The entire 8,100 square feet is net rentable, providing maximum space utilization for your business. A valuable bonus feature is the inclusion of a mezzanine level, adding extra space for storage, office areas, or even expanded customer seating. Further enhancing the property's appeal is a fenced backyard, offering potential for outdoor seating, storage, or additional development. This property represents a strong investment opportunity in a thriving Phoenix neighborhood. The location within the Melrose District provides excellent visibility and accessibility, ensuring high foot traffic and potential for significant returns. Don't miss this chance to acquire a versatile and well-situated retail property in a prime Phoenix location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,623,450

  6.5%

  $1,498,570

  7%

  $1,391,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $999,354

  Geo Method

  $999,354

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,931,380

  Retail / Commercial

  $1,506,910

  Mixed-Use / Specialty

  $1,504,460

  Hospitality / Lodging

  $1,107,590

  Office

  $1,498,570

  Institutional / Educational

  $1,565,080

  Residential Income

  $1,831,140

  Multifamily

  $2,179,960

  Automotive / Energy

  $1,341,500

  Parking / Income-Based Land

  $460,044

  Restaurant / Food Service

  $788,727

  Healthcare / Senior Housing

  $1,539,800

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4982

Longitude

-112.084

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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