4020 Whitton AvePhoenix, AZ 85019

Property Details for 4020 Whitton Ave

Year built

1963

Construction

CONCRETE

Lot size

0.48 AC

Property size (Sq ft)

936 SF

Zone code

A-1

Property type

Office properties

Property subtype

Office buildings

APN

107-21-068

APU

10721068

Description

This ±6,467 square foot shop/office building sits on a ±0.96-acre lot in Phoenix, Arizona. The property, identified by APN 107-21-068, features two buildings and offers a compelling investment opportunity. The building boasts an 18-foot clear height, four 14-foot tall grade-level roll-up doors, a paint booth, heavy power, and natural gas hookups. The office area underwent renovations in 2019. The site is fully fenced and secured with block/steel perimeter fencing and is completely paved with asphalt. Currently leased through February 2025 at $6,180 per month gross (with 3% annual escalations), the tenant has no option to renew, presenting a strong potential for future income generation. This versatile property is ideal for owner-users or investors seeking a well-maintained industrial space in a prime Phoenix location. The property's combination of shop and office space, along with its substantial yard and modern features, makes it a highly attractive option in the competitive Phoenix market. The asking price is $1,550,000, translating to $239.68 per square foot. This represents a significant opportunity for immediate income and long-term growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $211,687

  6.5%

  $195,403

  7%

  $181,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $144,284

  Geo Method

  $144,284

• Alternative Use

  Use

  Valuation

  Residential

  $242,300

  Hospitality

  $221,945

  Educational

  $184,656

  Medical

  $191,006

  Retail

  $287,242

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4911

Longitude

-112.146

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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