850 Ironwood DrApache Junction, AZ 85120

Property Details for 850 Ironwood Dr

Year built

1985

Construction

STEEL FRAME

Lot size

1.38 AC

Property size (Sq ft)

14,340 SF

Property type

Retail space

APN

102-12-0270

APU

102120270

Description

This exceptional retail property, located at 850 S Ironwood Dr in Apache Junction, Arizona, offers 18,900 square feet of completely vacant space, ideal for multiple tenants. The property is situated in Pinal County, with convenient access and high visibility. Three spaces are currently available, ranging in size from a minimum of 660 square feet to a maximum contiguous space of 16,320 square feet, providing flexibility for businesses of various scales. The property's classification is retail commercial, making it suitable for a wide range of retail operations. The address is easily accessible, offering excellent exposure to potential customers. The entire 18,900 square foot building is available for lease, presenting a unique opportunity for a single large tenant or multiple smaller businesses seeking a shared location. This prime retail space in Apache Junction, AZ, zip code 85120, presents a compelling opportunity for businesses seeking a high-visibility location within a thriving community. The property's size and layout offer significant potential for growth and success. Interested parties are encouraged to inquire for further details and leasing options. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $5,197,310

  6.5%

  $4,797,520

  7%

  $4,454,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,364,210

  Geo Method

  $3,364,210

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,351,060

  Mixed-Use / Specialty

  $4,782,260

  Hospitality / Lodging

  $3,510,990

  Office

  $4,755,760

  Institutional / Educational

  $4,972,280

  Residential Income

  $5,817,560

  Multifamily

  $6,967,060

  Automotive / Energy

  $4,261,950

  Parking / Income-Based Land

  $1,468,930

  Restaurant / Food Service

  $2,491,220

  Healthcare / Senior Housing

  $4,902,220

Location Insight

City

Apache Junction

County

Pinal

State

Arizona

Latitude

33.4073

Longitude

-111.564

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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