710 Bell RdPhoenix, AZ 85023

Property Details for 710 Bell Rd

Year built

1995

Construction

CONCRETE

Lot size

3.83 AC

Property size (Sq ft)

13,148 SF

Zone code

C-O/G-O

Property type

Healthcare properties

Property subtype

Medical offices

APN

208-09-004T

APU

20809004T

Description

This single-story, 14,046-square-foot medical office building is situated on a 3.825-acre lot at 710 W Bell Rd, Phoenix, AZ 85023. Built in 1985, the Class B property offers ample parking (8 spaces per 1,000 sq ft) and is zoned C-O by the City of Phoenix. The asking price is $1,615,290, translating to $115 per square foot. The building features a single tenant and comprises clinical space, administrative offices, and a retail pharmacy. Its location on a major thoroughfare provides high visibility and convenient access, a significant advantage for a healthcare facility. The property's proximity to other medical specialists and hospitals enhances its attractiveness. The property's APN is 208-09-004T. This presents a compelling investment opportunity in a thriving medical corridor. The building's single-story design and existing improvements offer immediate occupancy potential. The substantial lot size allows for future expansion or redevelopment possibilities. This prime location in Maricopa County offers excellent visibility and accessibility, making it an ideal investment for medical professionals or investors seeking a stable, high-demand property.

• CAP approach

  CAP return

  Valuation

  6%

  $2,279,134

  6.5%

  $2,103,816

  7%

  $1,953,543

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,026,764

  Geo Method

  $2,026,764

• Alternative Use

  Use

  Valuation

  Residential

  $2,608,732

  Hospitality

  $2,389,584

  Educational

  $1,988,106

  Medical

  $2,056,480

  Retail

  $3,092,610

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6411

Longitude

-112.084

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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