4840 83Rd AvePhoenix, AZ 85033

Property Details for 4840 83Rd Ave

Year built

2001

Construction

CONCRETE

Lot size

0.63 AC

Property size (Sq ft)

6,500 SF

Zone code

C-1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

102-19-975

APU

10219975

Description

This exceptional retail opportunity presents a 1,200 square foot space within a multi-tenant building at 4840 N 83rd Ave, Phoenix, Arizona, 85033. Built in 2002, the property boasts excellent frontage and visibility, situated directly across from a Safeway grocery store. The building is strategically located adjacent to well-established national retailers including AutoZone, Walgreens, and Ace Hardware. This PAD (Pad Adjacent to Dominant Tenant) benefits from the high traffic generated by these anchor tenants. Current occupants include Subway, MetroPCS, and Papa John's Pizza, creating a vibrant and successful retail environment. The property is zoned C-2, offering flexibility for a variety of retail uses. Monument signage is available, providing excellent branding opportunities. The location offers unparalleled convenience, being just two miles from State Farm Stadium and in close proximity to major transportation arteries, Loop 101 and I-10. The property's Maricopa County location (APN 102-19-975) ensures easy access to a large and diverse customer base. This is an ideal opportunity for a business seeking high visibility and strong foot traffic in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,765,030

  6.5%

  $1,629,260

  7%

  $1,512,890

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,042,050

  Geo Method

  $1,042,050

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,158,590

  Mixed-Use / Specialty

  $1,630,980

  Hospitality / Lodging

  $1,206,400

  Office

  $1,629,140

  Institutional / Educational

  $1,698,260

  Residential Income

  $1,986,960

  Multifamily

  $2,341,310

  Automotive / Energy

  $1,455,650

  Parking / Income-Based Land

  $494,888

  Restaurant / Food Service

  $864,356

  Healthcare / Senior Housing

  $1,664,820

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5072

Longitude

-112.238

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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