4220 Northern AvePhoenix, AZ 85051

Property Details for 4220 Northern Ave

Year built

1987

Construction

CONCRETE

Lot size

1.31 AC

Property size (Sq ft)

19,692 SF

Zone code

C-1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

150-13-003E

APU

15013003E

Description

This exceptional retail opportunity presents 2,000 square feet of immediately available space within a thriving strip center located at 4220 W Northern Ave, Phoenix, AZ. Situated in a high-traffic area at the intersection of Northern Ave and 43rd Ave, this property boasts impressive daily vehicle counts of 40,231, ensuring significant visibility and potential customer reach. The center is strategically positioned in a densely populated West Phoenix residential neighborhood, providing a ready-made customer base. Its convenient location offers easy access to major transportation arteries, being only 2.2 miles from I-17 and in close proximity to the revitalized Metro Center Mall. The property is zoned C-1, allowing for a variety of retail uses. The available space is a minimum of 2,000 square feet, making it ideal for a range of businesses. This is a rare chance to secure a well-located retail space in a rapidly developing area of West Phoenix, offering affordable lease rates and high potential for success. The property's APN is 150-13-003-E, and it's located in Maricopa County. This is a multiple-tenancy property, offering a vibrant and established retail environment. Don't miss this opportunity to establish your business in a prime West Phoenix location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,726,789

  6.5%

  $4,363,190

  7%

  $4,051,534

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,649,515

  Geo Method

  $7,649,515

• Alternative Use

  Use

  Valuation

  Residential

  $3,680,514

  Hospitality

  $3,371,331

  Educational

  $2,804,908

  Medical

  $2,901,373

  Retail

  $4,363,190

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5536

Longitude

-112.15

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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