4105 Central AvePhoenix, AZ 85040

Property Details for 4105 Central Ave

Year built

1967

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

5,700 SF

Zone code

C-3

Property type

Retail properties

Property subtype

Other individual retail properties

APN

113-13-067

APU

11313067

Description

This exceptional investment opportunity encompasses two buildings situated at 4105 and 4101 S Central Ave, Phoenix, AZ 85040, in Maricopa County. Offered at $2,499,000, this multi-tenancy property presents a unique blend of established and potential income streams. The property is classified as retail, office, and includes subtypes such as convenience store, restaurant, and storefront. The offering is ideal for owner/users seeking a strategic foothold in a thriving market. 4105 S Central Ave has undergone a complete remodel within the past two years, ensuring modern functionality and aesthetic appeal. Conversely, 4101 S Central Ave is currently in shell condition, providing a blank canvas for future development or lease to a suitable tenant. This presents a flexible investment strategy, allowing for immediate income generation from the renovated building while simultaneously offering the potential for significant value appreciation through the development or lease of the shell building. The property's location on Central Avenue in Phoenix offers excellent visibility and accessibility, making it an attractive proposition for a variety of businesses. This dual-building investment provides both immediate return and long-term growth potential. Serious inquiries only. DO NOT DISTURB TENANTS.

• CAP approach

  CAP return

  Valuation

  6%

  $1,303,829

  6.5%

  $1,203,534

  7%

  $1,117,568

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,214,210

  Geo Method

  $2,214,210

• Alternative Use

  Use

  Valuation

  Residential

  $1,015,226

  Hospitality

  $929,942

  Educational

  $773,701

  Medical

  $800,309

  Retail

  $1,203,534

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4095

Longitude

-112.073

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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