3950 Indian School RdPhoenix, AZ 85018

Property Details for 3950 Indian School Rd

Year built

2016

Lot size

1.38 AC

Property size (Sq ft)

13,835 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

170-32-100B

APU

17032100B

Description

Arcadia Place, a 13,855 square foot Class B retail center in Phoenix, Arizona, presents a prime opportunity. Located at 3950 E Indian School Rd, zip code 85018, this multi-tenant property boasts a 1.38-acre lot and ample parking with 98 stalls. Built in 2017, the center is zoned C-2, Phoenix, allowing for a variety of commercial uses. Currently, 2,000 square feet of retail space is available, ideal for a restaurant or similar establishment. This space is an end cap unit, offering excellent visibility and accessibility. The property's existing infrastructure and convenient location on East Indian School Road provide immediate access to a high volume of traffic and a dense residential population. The existing tenants contribute to a thriving commercial environment, creating a synergistic atmosphere for new businesses. This is a second-generation restaurant space, offering a ready-to-occupy layout with potential for immediate operations. Serious inquiries are encouraged to explore this exceptional retail investment opportunity in a dynamic Phoenix location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,599,563

  6.5%

  $5,168,828

  7%

  $4,799,626

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,374,316

  Geo Method

  $5,374,316

• Alternative Use

  Use

  Valuation

  Residential

  $4,360,100

  Hospitality

  $3,993,828

  Educational

  $3,322,818

  Medical

  $3,437,094

  Retail

  $5,168,828

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4955

Longitude

-111.996

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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