2860 Peoria AvePhoenix, AZ 85029

Property Details for 2860 Peoria Ave

Year built

1975

Construction

CONCRETE

Lot size

0.71 AC

Property size (Sq ft)

7,916 SF

Zone code

C-2

Property type

Office buildings

APN

149-17-153B

APU

14917153B

Description

This exceptional retail property, known as Metro Square, is located at 2860 W Peoria Ave, Phoenix, AZ 85029, offering a strategic location at the Northwest corner of Peoria Avenue and I-17. The property boasts a total building size of 7,195 square feet and is situated in Maricopa County. Currently, two retail spaces are available for lease, providing flexible options for prospective tenants. One space measures 3,098 square feet, while the other offers 3,831 square feet. The property's classification is Commercial Retail, with multiple tenancies. This prime location provides excellent visibility and accessibility, making it an ideal opportunity for businesses seeking high foot traffic and convenient access to major transportation routes. The property's address is easily accessible from Interstate 17, a major artery in the Phoenix metropolitan area, ensuring high visibility and convenient access for customers and employees. This presents a unique opportunity to establish or expand a retail presence in a thriving commercial area of Phoenix. The property's size and layout offer versatility, suitable for a variety of retail businesses. Further details regarding lease terms and conditions are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,292,602

  6.5%

  $1,193,171

  7%

  $1,107,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,220,251

  Geo Method

  $1,220,251

• Alternative Use

  Use

  Valuation

  Residential

  $1,479,532

  Hospitality

  $1,355,244

  Educational

  $1,127,547

  Medical

  $1,166,325

  Retail

  $1,753,962

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5825

Longitude

-112.122

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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