2401 Glendale AvePhoenix, AZ 85015

Property Details for 2401 Glendale Ave

Year built

2005

Construction

CONCRETE

Lot size

1.13 AC

Property size (Sq ft)

16,311 SF

Zone code

C-2

Property type

Office buildings

APN

156-08-099

APU

15608099

Description

This exceptional two-story, Class B office building, totaling 16,397 square feet, is situated on a 1.13-acre lot in North-central Phoenix. Built in 2005 and recently improved, the property boasts a striking atrium with common area restrooms and elevator access. Currently, 1,944 square feet of ground floor space is available for lease, featuring high-end finishes. The building benefits from excellent visibility due to monument signage along Glendale Avenue, a major thoroughfare with approximately 40,000 vehicles per day. Ample parking is provided with 100 surface spaces, 40 of which are covered, exceeding a 4.5:1,000 SF ratio. The property is conveniently located near the I-17 freeway and served by the City of Phoenix bus line. The building's strong historical occupancy and solid tenant mix demonstrate its desirability. Zoned C-2, the property's APN is 1 5 6 - 0 8 - 0 9 9. This is a prime opportunity for businesses seeking a well-maintained, highly visible office space in a thriving Phoenix location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,663,420

  6.5%

  $2,458,542

  7%

  $2,282,931

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,514,341

  Geo Method

  $2,514,341

• Alternative Use

  Use

  Valuation

  Residential

  $3,048,592

  Hospitality

  $2,792,493

  Educational

  $2,323,322

  Medical

  $2,403,224

  Retail

  $3,614,056

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5382

Longitude

-112.111

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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