306 Ironwood DrApache Junction, AZ 85120

Property Details for 306 Ironwood Dr

Year built

1978

Construction

CONCRETE

Lot size

0.27 AC

Property size (Sq ft)

2,000 SF

Property type

Retail space

APN

101-09-1020

APU

101091020

Description

This exceptional 2,800-square-foot industrial property, located at 306 S Ironwood Dr in Apache Junction, Arizona (zip code 85120), presents a compelling investment opportunity. The single-tenant building, constructed in 1978, sits on an 11,761-square-foot lot and boasts B-1 zoning, offering versatility for various business uses including distribution, warehouse, and manufacturing. The building features a 10-foot ceiling height and ample parking with 10 spaces. The property includes a gated yard providing additional secure storage space, a significant advantage for businesses requiring extra room for materials or inventory. The building is fully air-conditioned throughout and equipped with 200 amps of single-phase power. Its prime location offers excellent visibility with 99 feet of frontage on Ironwood Drive. The property's APN is 101-09-1020. The asking price for this well-maintained industrial space is $479,000. This free-standing building offers a unique blend of functionality and location, making it an ideal choice for a variety of businesses seeking a strong foothold in the thriving Apache Junction market. The net rentable square footage is 2,800 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $932,015

  6.5%

  $860,322

  7%

  $798,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,136,923

  Geo Method

  $1,136,923

• Alternative Use

  Use

  Valuation

  Residential

  $725,714

  Hospitality

  $664,750

  Educational

  $553,064

  Medical

  $572,085

  Retail

  $860,322

Location Insight

City

Apache Junction

County

Pinal

State

Arizona

Latitude

33.4122

Longitude

-111.564

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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