2737 Thunderbird RdPhoenix, AZ 85053

Property Details for 2737 Thunderbird Rd

Year built

2007

Construction

STEEL FRAME

Lot size

3.46 AC

Property size (Sq ft)

18,904 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Strip malls

APN

149-23-021B

APU

14923021B

Description

This exceptional retail opportunity is located at 2737 W Thunderbird Rd, Phoenix, AZ 85053, at the southwest corner of I-17 and Thunderbird Road. The property, built in 2007, offers a total of 18,721 square feet of space, currently 100% vacant, presenting a unique chance for a single tenant or multiple tenants. The building is a single-story structure with C-2 zoning in Phoenix, Maricopa County. The space is ideally suited for restaurants, given its current subtype designation. The property benefits from a high-traffic location, shadow-anchored by a Best Buy. There is existing infrastructure in place, and the space is ready for immediate occupancy. Two spaces are available, ranging in size from 1,540 to 3,900 square feet. A former Anytime Fitness location is available immediately, and a Jamba Juice space will become available on March 1, 2024. This prime location offers unparalleled visibility and accessibility, making it an excellent investment for businesses seeking a strong presence in a thriving Phoenix market. The property's size and flexibility allow for a variety of retail concepts. This is a rare opportunity to secure a significant retail footprint in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,537,640

  6.5%

  $4,188,592

  7%

  $3,889,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,343,410

  Geo Method

  $7,343,410

• Alternative Use

  Use

  Valuation

  Residential

  $3,533,234

  Hospitality

  $3,236,423

  Educational

  $2,692,666

  Medical

  $2,785,271

  Retail

  $4,188,592

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6098

Longitude

-112.119

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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