9025 Cave Creek RdPhoenix, AZ 85020

Property Details for 9025 Cave Creek Rd

Year built

1946

Construction

CONCRETE

Lot size

0.08 AC

Property size (Sq ft)

1,630 SF

Zone code

C-3

Property type

Office buildings

APN

159-36-007

APU

15936007

Description

This exceptional 1,630 square foot storefront, located at 9025 N Cave Creek Rd in Phoenix, Arizona, presents a compelling investment opportunity. Built in 1946, this single-tenant retail building sits on a 0.08-acre lot with 50 feet of frontage on Cave Creek Road. The property is zoned C-3, General Commercial District, offering considerable flexibility for a variety of retail uses. The asking price is $330,000, translating to $202 per square foot. The property's address is 9025 N Cave Creek Rd, Phoenix, AZ 85020, and its APN is 159-36-007. This Class C building provides a strong foundation for a value-add project, benefiting from its prominent location in North Phoenix and its considerable street visibility. The property's size and zoning make it suitable for a range of retail businesses. This is a rare opportunity to acquire a well-situated retail property in a thriving area of Phoenix. The substantial frontage on Cave Creek Road ensures high visibility and accessibility for potential customers. Serious inquiries are encouraged to explore the potential of this unique investment.

• CAP approach

  CAP return

  Valuation

  6%

  $266,162

  6.5%

  $245,688

  7%

  $228,139

• Comparable approach

  Method

  Valuation

  Relative Method

  $251,264

  Geo Method

  $251,264

• Alternative Use

  Use

  Valuation

  Residential

  $304,654

  Hospitality

  $279,061

  Educational

  $232,175

  Medical

  $240,160

  Retail

  $361,162

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5684

Longitude

-112.064

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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