2431 Van Buren StPhoenix, AZ 85008

Property Details for 2431 Van Buren St

Year built

1958

Construction

CONCRETE

Lot size

0.26 AC

Property size (Sq ft)

14,322 SF

Zone code

C-3

Property type

Warehouses

APN

121-63-022

APU

12163022

Description

This Phoenix, Arizona property, located at 2431 E Van Buren St, offers a unique investment opportunity. The 14,533 square foot building, constructed in 1958 and renovated in 2014, sits on a 20,858 square foot lot and is zoned C-3. The single-tenant, 100% occupied building features approximately 8,000 square feet of ground floor space and 6,500 square feet on the second floor. Amenities include HVAC in the front office area, abundant electrical power, and a small gated yard. A bonus parcel across the street, zoned R-4, is also included. The building boasts a 10-16 foot ceiling height and comprises two stories. Internal features include a conference room, five offices, and five restrooms. The property's diverse layout makes it suitable for various uses, including a call center, pawn shop, furniture store, storage facility, warehouse, or manufacturing plant. The asking price is $1,149,000, representing a price per square foot of $79.06 and a 5.43% capitalization rate with a net operating income of $62,400. The property is a Net Lease (NNN) with a single tenant and no credit rating available. The APN is 121-63-022, 121-63-002.

• Alternative Use

  Use

  Valuation

  Residential

  $2,550,889

  Hospitality

  $2,336,601

  Educational

  $1,944,024

  Medical

  $2,010,882

  Retail

  $3,024,038

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.451

Longitude

-112.029

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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