2225 Peoria AvePhoenix, AZ 85029

Property Details for 2225 Peoria Ave

Year built

2001

Construction

STEEL FRAME

Lot size

3.29 AC

Property size (Sq ft)

58,432 SF

Zone code

A-1

Property type

Office buildings

APN

149-10-044A

APU

14910044A

Description

Black Canyon Commerce Park offers exceptional executive office space in Phoenix, Arizona. This Class B building, constructed in 2001, boasts a total of 56,042 square feet across two stories. Currently, there are 27,256 square feet of vacant space available, divisible into units ranging from a minimum of 1,027 square feet to a maximum contiguous space of 8,120 square feet. The property sits on a 3.99-acre lot and is conveniently located at 2225 W Peoria Ave, Phoenix, AZ 85029, near the intersection of 23rd Avenue and Peoria Avenue. The building features ample parking with a ratio of 5 spaces per 1,000 square feet. Modern amenities include elevators and robust power capabilities (3000 Amps, 277/480 Volt 3-phase). The property is zoned A-1 and its Maricopa County APN is 149-10-044A & 044B. This is a single-building property offering multiple tenancy options, making it ideal for businesses of various sizes seeking a well-maintained and conveniently located office space in a thriving Phoenix neighborhood. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $9,541,350

  6.5%

  $8,807,400

  7%

  $8,178,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,007,293

  Geo Method

  $9,007,293

• Alternative Use

  Use

  Valuation

  Residential

  $10,921,176

  Hospitality

  $10,003,738

  Educational

  $8,322,992

  Medical

  $8,609,233

  Retail

  $12,946,877

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5813

Longitude

-112.107

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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