413 5Th StCasa Grande, AZ 85122

Property Details for 413 5Th St

Year built

1975

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

1,374 SF

Property type

Office buildings

APN

507-07-2270

APU

507072270

Description

This exceptional 1,374 square foot executive office building, located at 413 E 5th St in Casa Grande, Arizona, presents a unique investment opportunity. Built in 1975, the Class C property sits on a 0.36-acre lot (APN: 507-07-227-0 & 507-07-226-0) and is zoned R-2, offering significant redevelopment potential. The asking price is $175,000, translating to a land value of approximately $11.16 per acre. The existing structure provides immediate income potential or a solid foundation for a future project. Its strategic location on E 5th Street, near the intersection of Florence Boulevard, offers excellent visibility and accessibility. The property's proximity to the Casa Grande Public Library and Peart Park adds to its appeal. This site presents a compelling opportunity for developers seeking to create higher-density residential units, such as apartments or townhomes, or a live/work space incorporating a contractor's yard. The existing building's 1,374 square feet provides flexibility for immediate use or demolition to make way for new construction. This property offers a blend of immediate income potential and long-term redevelopment possibilities in a desirable Casa Grande location. The property's zoning and location make it an attractive option for a variety of development projects. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $242,311

  6.5%

  $223,672

  7%

  $207,695

• Comparable approach

  Method

  Valuation

  Relative Method

  $211,802

  Geo Method

  $211,802

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $471,129

  Retail / Commercial

  $235,569

  Mixed-Use / Specialty

  $229,982

  Hospitality / Lodging

  $162,550

  Institutional / Educational

  $237,392

  Residential Income

  $277,749

  Multifamily

  $359,433

  Automotive / Energy

  $203,479

  Parking / Income-Based Land

  $74,908

  Restaurant / Food Service

  $109,485

  Healthcare / Senior Housing

  $240,710

Location Insight

City

Casa Grande

County

Pinal

State

Arizona

Latitude

32.8774

Longitude

-111.749

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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