1612 Southern AvePhoenix, AZ 85040

Property Details for 1612 Southern Ave

Year built

1955

Construction

CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

4,178 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Strip malls

APN

122-49-175

APU

12249175

Description

This exceptional 4,814 square foot freestanding building in South Phoenix offers a unique blend of retail and industrial space, ideal for a single tenant. Located at 1612 E Southern Ave, Phoenix, AZ 85040, this Class C property features a secure yard, perfect for storage or contractor use. Its prime location on Southern Avenue provides excellent visibility, boosted by prominent building and monument signage. The building's flexible layout caters to diverse business needs, making it a versatile option for various operations. The property's proximity to downtown Phoenix (approximately 5 miles) offers easy access to the city's core and its vibrant business activity. This single-tenant occupancy presents a rare opportunity to establish a strong presence in a thriving South Phoenix submarket. The 4,814 square feet of space provides ample room for operations and storage, while the secure yard adds significant value for businesses requiring outdoor space. The high visibility location ensures maximum exposure to potential customers and clients. This property is classified as Flex space, suitable for a range of businesses seeking a combination of retail and industrial functionality. Don't miss this chance to secure a prominent location in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $955,684

  6.5%

  $882,169

  7%

  $819,157

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,622,978

  Geo Method

  $1,622,978

• Alternative Use

  Use

  Valuation

  Residential

  $744,143

  Hospitality

  $681,631

  Educational

  $567,109

  Medical

  $586,613

  Retail

  $882,169

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.3931

Longitude

-112.047

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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