161 Broadway RdMesa, AZ 85210

Property Details for 161 Broadway Rd

Year built

1972

Construction

CONCRETE

Lot size

0.19 AC

Property size (Sq ft)

4,716 SF

Zone code

C-TC

Property type

Retail space

APN

139-36-026

APU

13936026

Description

This exceptional retail property, located at 161 E Broadway Rd in Mesa, Arizona, offers 4,716 square feet of versatile commercial space. Currently configured for multiple tenants, the property features a convenient roll-up door for easy loading and unloading, and a secure fenced yard providing ample outdoor space. A significant portion of the building is currently available, with 1,165 square feet vacant and ready for immediate occupancy. The property is zoned DB-2, offering flexibility for a variety of retail uses. The property's prime location on Broadway Road in Mesa ensures high visibility and accessibility for customers. The property's Maricopa County location (APN 139-36-026) provides easy access to major transportation routes and a thriving local market. This is an excellent opportunity for investors or businesses seeking a well-maintained retail space in a high-demand area. The combination of existing tenants and available space presents a unique opportunity to build a strong and diverse tenant base. The property's features, including the roll-up door and fenced yard, make it ideal for businesses requiring convenient access and secure storage. The 85210 zip code ensures a strong customer base and easy access to a wide range of amenities. Don't miss this chance to acquire a valuable asset in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,197,692

  6.5%

  $2,028,638

  7%

  $1,883,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,680,865

  Geo Method

  $2,680,865

• Alternative Use

  Use

  Valuation

  Residential

  $1,711,232

  Hospitality

  $1,567,480

  Educational

  $1,304,125

  Medical

  $1,348,976

  Retail

  $2,028,638

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4075

Longitude

-111.827

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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