3131 Lewis AvePhoenix, AZ 85009

Property Details for 3131 Lewis Ave

Year built

1980

Construction

CONCRETE

Lot size

1.51 AC

Property size (Sq ft)

28,287 SF

Zone code

IND.PK.

Property type

Flex space

APN

108-09-071C

APU

10809071C

Description

This Phoenix industrial property, located at 3131 W Lewis Ave, offers 28,464 square feet of warehouse space in a single, one-story building constructed in 1980. The property sits on a 1.5-acre lot and is zoned IP, allowing for flexible industrial uses. Currently, there is one available suite of 3,350 square feet. The building features a 14-foot ceiling height, nine drive-in doors, and 150-amp, 120-208V, 3-phase power. The available suite includes a modified gross lease rate of $0.95 per square foot and boasts features such as a 12-foot clear height, a 10' x 10' garage door, and evaporative cooling. Additional amenities within the suite include a reception area and two offices. This property presents a compelling opportunity for businesses seeking versatile warehouse space in a well-established Phoenix location. The property's multiple tenancy status indicates potential for various business configurations. The ample power supply and multiple drive-in doors cater to efficient loading and unloading operations. The location in Phoenix, Arizona, zip code 85009, provides convenient access to major transportation routes and a robust workforce.

• CAP approach

  CAP return

  Valuation

  6%

  $10,507,600

  6.5%

  $9,699,290

  7%

  $9,006,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,976,710

  Geo Method

  $6,976,710

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $4,849,730

  Mixed-Use / Specialty

  $4,734,720

  Hospitality / Lodging

  $3,346,480

  Office

  $4,604,800

  Institutional / Educational

  $4,887,270

  Residential Income

  $5,718,110

  Multifamily

  $7,399,760

  Automotive / Energy

  $4,189,090

  Parking / Income-Based Land

  $1,542,160

  Restaurant / Food Service

  $2,254,000

  Healthcare / Senior Housing

  $4,955,580

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4746

Longitude

-112.127

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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