130 Central AvePhoenix, AZ 85004

Property Details for 130 Central Ave

Year built

1929

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

23,925 SF

Zone code

DTC-BCORE

Property type

Office buildings

APN

112-21-057

APU

11221057

Description

This vibrant Phoenix, Arizona, commercial property, located at 130 N Central Ave, 85004, offers multiple creative office and retail spaces within a single three-story building totaling 28,000 square feet. Built in 1951, the Class C building is situated at the intersection of Central Avenue and Monroe Street, in the heart of downtown Phoenix, offering convenient access to public transportation. The property is zoned DC and is within Maricopa County. Individual suites range from a minimum of 605 square feet to a maximum contiguous space of 1,356 square feet, making it ideal for a variety of businesses. While there is no on-site parking, the building's location provides easy access to the Light Rail, just one block away. The building benefits from a high-energy location, adjacent to residential buildings, and popular dining and entertainment venues. The property currently houses the Valley Bar and soon a new concept will occupy the former deli space. A neighboring Cornish Pasty Co. is also expanding, further enhancing the area's vibrancy. The building features elevators for convenient access to all three floors.

• CAP approach

  CAP return

  Valuation

  6%

  $5,286,378

  6.5%

  $4,879,734

  7%

  $4,531,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,688,039

  Geo Method

  $3,688,039

• Alternative Use

  Use

  Valuation

  Residential

  $6,050,870

  Hospitality

  $5,542,564

  Educational

  $4,611,348

  Medical

  $4,769,940

  Retail

  $7,173,208

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.45

Longitude

-112.074

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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