8828 Central AvePhoenix, AZ 85020

Property Details for 8828 Central Ave

Year built

1974

Construction

CONCRETE

Lot size

0.91 AC

Property size (Sq ft)

2,975 SF

Zone code

C-2

Property type

Office buildings

APN

160-63-010A

APU

16063010A

Description

This exceptional commercial property, located at 8828 N Central Ave in Phoenix, Arizona, 85020, offers multiple tenancy options in a well-established building. Built in 1974, the property boasts a total of 10,944 square feet of versatile space, ideal for a variety of businesses. The building is classified as both retail and office space, currently featuring two available suites perfect for executive offices or commercial ventures. These suites range in size from 1,328 square feet to 1,796 square feet, providing flexibility for businesses of varying scales. The property's prime location in Phoenix offers excellent visibility and accessibility, making it an attractive option for companies seeking a strategic presence in a thriving market. The address is easily accessible from major roadways, ensuring convenient commutes for employees and clients alike. This is a rare opportunity to secure high-quality office space in a desirable location. The property's existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront investment and allowing businesses to focus on growth and operations. Interested parties are encouraged to inquire about lease terms and availability. The property is available for lease and presents a compelling investment opportunity for businesses seeking a prominent location in Phoenix.

• CAP approach

  CAP return

  Valuation

  6%

  $550,559

  6.5%

  $508,208

  7%

  $471,908

• Comparable approach

  Method

  Valuation

  Relative Method

  $458,596

  Geo Method

  $458,596

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,076,900

  Retail / Commercial

  $537,281

  Mixed-Use / Specialty

  $523,587

  Hospitality / Lodging

  $368,804

  Institutional / Educational

  $540,110

  Residential Income

  $631,928

  Multifamily

  $823,199

  Automotive / Energy

  $462,951

  Parking / Income-Based Land

  $171,396

  Restaurant / Food Service

  $247,184

  Healthcare / Senior Housing

  $549,007

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5648

Longitude

-112.074

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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