515 Hatcher RdPhoenix, AZ 85021

Property Details for 515 Hatcher Rd

Year built

1981

Construction

CONCRETE

Lot size

0.18 AC

Property size (Sq ft)

2,600 SF

Zone code

C-2

Property type

Office properties

Property subtype

Office buildings

APN

159-51-012

APU

15951012

Description

This exceptional 2,600 square foot single-tenant office space is available for lease at 515 W Hatcher Rd, Phoenix, AZ 85021. Built in 1981, this one-story building sits on a 7,920 square foot lot (APN 159-51-012) and offers a highly functional layout ideal for a variety of businesses. The interior features four private offices, a dedicated conference room, and a private restroom, providing ample space for both individual work and collaborative efforts. The property benefits from convenient parking, a significant advantage in a busy urban area. While situated within a multi-tenant building, the other tenant is currently inactive, offering increased privacy and quiet for the sole occupant. This location is in the burgeoning Sunnyslope submarket of Phoenix, providing excellent access to local amenities and transportation routes. The property presents a rare opportunity to secure a well-maintained, functional office space in a desirable and up-and-coming area at a competitive price point. This is a single-tenant occupancy, offering a unique level of control and privacy. The property's size and layout make it suitable for a range of professional uses. Don't miss this chance to establish your business in a thriving Phoenix neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $424,553

  6.5%

  $391,896

  7%

  $363,903

• Comparable approach

  Method

  Valuation

  Relative Method

  $400,790

  Geo Method

  $400,790

• Alternative Use

  Use

  Valuation

  Residential

  $485,950

  Hospitality

  $445,128

  Educational

  $370,341

  Medical

  $383,078

  Retail

  $576,086

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.571

Longitude

-112.081

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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