1735 Bell RdPhoenix, AZ 85023

Property Details for 1735 Bell Rd

Year built

1980

Construction

CONCRETE

Lot size

0.92 AC

Property size (Sq ft)

6,332 SF

Zone code

C-C

Property type

Banks

APN

208-13-010F

APU

20813010F

Description

This exceptional 6,333-square-foot commercial property, located at 1735 W Bell Rd in Phoenix, Arizona, presents a unique investment opportunity. Previously a bank, this single-tenant building offers a versatile layout ideal for executive offices or other commercial uses. The property boasts a convenient drive-thru, a significant advantage for businesses requiring efficient client interaction or streamlined operations. Situated on a 0.92-acre lot, the ample space provides significant potential for expansion or outdoor amenities. The building's zoning is Commercial (C-2, Phoenix), allowing for a wide range of permitted uses within Maricopa County. The entire 6,333 square feet is currently vacant, providing immediate occupancy for a new tenant. This property is an excellent choice for businesses seeking a prominent location in a thriving area of Phoenix, with easy access to major transportation routes. The building's previous use as a bank suggests a robust infrastructure and secure design. The property's size and location make it an attractive option for a variety of businesses seeking a high-visibility presence in a busy commercial corridor. The 85023 zip code offers excellent access to a diverse workforce and a strong consumer base. This is a rare opportunity to acquire a well-located, spacious commercial property with a unique drive-thru feature.

• CAP approach

  CAP return

  Valuation

  6%

  $1,371,150

  6.5%

  $1,265,680

  7%

  $1,175,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,015,120

  Geo Method

  $1,015,120

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,469,950

  Mixed-Use / Specialty

  $1,260,460

  Hospitality / Lodging

  $923,832

  Office

  $1,252,230

  Institutional / Educational

  $1,310,110

  Residential Income

  $1,532,830

  Multifamily

  $1,842,330

  Automotive / Energy

  $1,122,950

  Parking / Income-Based Land

  $388,219

  Restaurant / Food Service

  $654,057

  Healthcare / Senior Housing

  $1,293,300

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6397

Longitude

-112.097

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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