714 Rose LnPhoenix, AZ 85014

Property Details for 714 Rose Ln

Year built

1986

Construction

CONCRETE

Lot size

0.48 AC

Property size (Sq ft)

8,811 SF

Zone code

C-O

Property type

Office buildings

APN

161-15-032A

APU

16115032A

Description

This exceptional single-tenant office building, located at 714 E Rose Lane in Phoenix, Arizona, presents a compelling investment opportunity. The property, built in 1986 and extensively renovated in 2017, boasts a Class C designation and comprises a two-story structure encompassing a total of 4,250 to 8,500 square feet of usable space. The building sits on a single lot, offering convenient access and ample parking. Its zoning classification is C-O, allowing for a variety of commercial uses. The property's traditional office layout is well-suited for a range of businesses seeking a functional and updated workspace. The 2017 renovation ensures modern amenities and systems are in place, minimizing the need for immediate capital expenditures. Situated in the 85014 zip code of Phoenix, this location offers excellent accessibility to major transportation routes and a variety of local amenities. This is a rare opportunity to acquire a well-maintained, single-tenant office building in a desirable Phoenix location. The flexible square footage allows for adaptability to various business needs, making it an attractive option for both established companies and growing enterprises. The property's strong foundation and recent upgrades promise a stable and profitable investment for years to come. Interested parties are encouraged to inquire for further details and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,946,845

  6.5%

  $1,797,088

  7%

  $1,668,725

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,358,216

  Geo Method

  $1,358,216

• Alternative Use

  Use

  Valuation

  Residential

  $2,228,389

  Hospitality

  $2,041,192

  Educational

  $1,698,248

  Medical

  $1,756,654

  Retail

  $2,641,719

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5276

Longitude

-112.064

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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