633 Cottonwood LnCasa Grande, AZ 85122

Property Details for 633 Cottonwood Ln

Year built

1984

Construction

STEEL FRAME

Lot size

0.14 AC

Property size (Sq ft)

7,350 SF

Property type

Office properties

APN

506-02-0140

APU

506020140

Description

This exceptional mixed-use property, located at 633 E Cottonwood Ln, Casa Grande, AZ 85122, presents a unique investment opportunity. The 2,500 square foot building, constructed in 1984 and encompassing two parcels (633 and 631 E Cottonwood Ln), offers versatile space ideal for various uses. Currently configured with four offices, a reception area, kitchen, two bathrooms, and two conference rooms, the property boasts significant potential for expansion and adaptation. A complete remodel in 2021 included new flooring, paint, and roof, while a new A/C split unit was added to the larger conference room in 2022. The property benefits from excellent visibility on busy Cottonwood Lane and ample parking. The zoning is 506-02-014. The flexible layout allows for various configurations, including the potential to subdivide the parcels or convert existing spaces to create up to eleven individual offices. This prime location and the recent renovations make this a highly attractive investment opportunity with substantial upside potential. The property is priced at $580,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,143,709

  6.5%

  $1,055,732

  7%

  $980,322

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,133,002

  Geo Method

  $1,133,002

• Alternative Use

  Use

  Valuation

  Residential

  $1,309,107

  Hospitality

  $1,199,135

  Educational

  $997,666

  Medical

  $1,031,978

  Retail

  $1,551,926

Location Insight

City

Casa Grande

County

Pinal

State

Arizona

Latitude

32.8938

Longitude

-111.746

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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