590 Alma School RdChandler, AZ 85224

Property Details for 590 Alma School Rd

Year built

1980

Construction

CONCRETE

Lot size

1.57 AC

Property size (Sq ft)

18,300 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Strip malls

APN

302-48-003T

APU

30248003T

Description

Granada Plaza, located at 590 N Alma School Rd in Chandler, Arizona (zip code 85224), offers a prime retail opportunity within Maricopa County. This C-1 zoned property boasts a total of 39,084 square feet and provides ample parking with 104 spaces. The center features multiple tenancies, with four individual spaces currently available, ranging in size from 1,185 square feet to 3,200 square feet, making it ideal for a variety of retail businesses. The property benefits from excellent visibility and high traffic counts, situated on Alma School Road with approximately 36,669 vehicles passing daily. Its strategic location offers easy access to major transportation arteries, including the Loop 101 and 202 freeways, ensuring convenient access for customers and employees. This well-maintained retail center presents a compelling investment opportunity in a thriving Chandler market. The property's size and location make it an attractive option for businesses seeking high visibility and convenient access to a large customer base. Serious inquiries are encouraged to explore the potential of this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $4,515,694

  6.5%

  $4,168,334

  7%

  $3,870,595

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,108,782

  Geo Method

  $7,108,782

• Alternative Use

  Use

  Valuation

  Residential

  $3,516,145

  Hospitality

  $3,220,770

  Educational

  $2,679,643

  Medical

  $2,771,800

  Retail

  $4,168,334

Location Insight

City

Chandler

County

Maricopa

State

Arizona

Latitude

33.3128

Longitude

-111.86

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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