1606 Bell RdPhoenix, AZ 85022

Property Details for 1606 Bell Rd

Year built

1985

Construction

CONCRETE

Lot size

3.82 AC

Property size (Sq ft)

9,900 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

214-09-026B

APU

21409026B

Description

This exceptional retail investment opportunity is located in a thriving Phoenix, Arizona strip center at 1606 E Bell Rd, 85022. The property, known as Tierra Del Sol, boasts a total of 43,622 square feet of leasable retail space, spread across multiple units. Currently, five individual spaces are available, ranging in size from 1,228 square feet to 2,920 square feet, offering flexibility for a variety of retail businesses. The center is conveniently situated off Bell Road, providing excellent visibility and accessibility for customers. Ample parking is available with 150 spaces to accommodate both tenants and shoppers. The property is located in Maricopa County, Arizona, benefiting from a strong local economy and a dense population base. This presents a compelling investment opportunity for those seeking a well-located, established retail center with immediate income potential and significant upside. The property's size and layout offer potential for expansion or redevelopment, further enhancing its long-term value. The multiple tenancy structure provides diversification and resilience, mitigating risk and ensuring a stable income stream. This is a rare chance to acquire a prime retail asset in a high-demand area of Phoenix.

• CAP approach

  CAP return

  Valuation

  6%

  $2,376,356

  6.5%

  $2,193,560

  7%

  $2,036,877

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,845,734

  Geo Method

  $3,845,734

• Alternative Use

  Use

  Valuation

  Residential

  $1,850,350

  Hospitality

  $1,694,910

  Educational

  $1,410,146

  Medical

  $1,458,643

  Retail

  $2,193,560

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6415

Longitude

-112.048

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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