1601 Bell RdPhoenix, AZ 85022

Property Details for 1601 Bell Rd

Year built

1987

Construction

CONCRETE

Lot size

3.31 AC

Property size (Sq ft)

10,200 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

214-21-120D

APU

21421120D

Description

Plaza 16, a thriving retail strip center in the East Phoenix Ret submarket of Maricopa County, offers a fantastic leasing opportunity. This multi-tenant property boasts a total of 36,392 square feet of retail space. Currently, there is 3,000 square feet of immediately available space, perfect for a variety of retail businesses seeking high visibility and foot traffic. The property is easily accessible and situated in a dynamic commercial area, ensuring strong potential for customer engagement. The building itself does not include elevators. The property's design and location make it an ideal choice for businesses looking to establish or expand their presence in a bustling East Phoenix market. This is a rare opportunity to secure prime retail space in a well-established center with a proven track record. The available space offers significant potential for growth and success. Interested parties are encouraged to inquire promptly to secure this exceptional leasing opportunity. The property is classified as a retail strip center with multiple tenancies. The high-traffic location and ample space make this an attractive investment for businesses seeking a strong presence in the East Phoenix market. Don't miss out on this chance to secure your ideal retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,995,610

  6.5%

  $1,842,110

  7%

  $1,710,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,635,220

  Geo Method

  $1,635,220

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,692,220

  Mixed-Use / Specialty

  $1,795,160

  Hospitality / Lodging

  $1,264,470

  Office

  $1,742,430

  Institutional / Educational

  $1,851,800

  Residential Income

  $2,166,610

  Multifamily

  $2,822,400

  Automotive / Energy

  $1,587,260

  Parking / Income-Based Land

  $587,643

  Restaurant / Food Service

  $847,487

  Healthcare / Senior Housing

  $1,882,310

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6397

Longitude

-112.047

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].