2145 Van Buren StPhoenix, AZ 85006

Property Details for 2145 Van Buren St

Year built

1937

Construction

CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

2,183 SF

Zone code

C-G

Property type

Retail properties

Property subtype

Turn key restaurants

APN

115-02-083

APU

11502083

Description

This exceptional 2,184 square foot retail property, located at 2145 E Van Buren St in Phoenix, Arizona (zip code 85006, APN 115-02-083A), presents a compelling value-add investment opportunity. Currently vacant, this Class C building is zoned C-G and offers significant potential for a variety of uses, including convenience store, quick-service restaurant (QSR), or full-service restaurant operations. The asking price is $695,000, translating to $318.22 per square foot. The property's freestanding design allows for flexibility and potential expansion, such as the addition of a patio area. Its strategic location adjacent to the I-10 Freeway and in close proximity to the VA Hospital ensures high visibility and convenient access for customers and employees. This owner-user opportunity is ideal for an entrepreneur seeking a prime location with substantial upside potential. The property's size and zoning provide a solid foundation for a thriving business venture. Serious inquiries are encouraged to explore this unique investment prospect in a high-traffic area of Phoenix. Further details regarding the property's specifications and potential uses are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $709,051

  6.5%

  $654,508

  7%

  $607,758

• Comparable approach

  Method

  Valuation

  Relative Method

  $848,004

  Geo Method

  $848,004

• Alternative Use

  Use

  Valuation

  Residential

  $552,102

  Hospitality

  $505,723

  Educational

  $420,755

  Medical

  $435,226

  Retail

  $654,508

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4511

Longitude

-112.035

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].