55 Arizona PlChandler, AZ 85225

Property Details for 55 Arizona Pl

Year built

1998

Construction

CONCRETE

Lot size

0.97 AC

Property size (Sq ft)

104,293 SF

Zone code

PAD

Property type

Office buildings

APN

303-06-138

APU

30306138

Description

This exceptional retail opportunity presents 14,167 square feet of vacant space within a 204,206 square foot, Class C building constructed in 1999, located in the heart of Downtown Chandler, Maricopa County. The property boasts a highly desirable Arizona Avenue location, offering unparalleled visibility and accessibility along the city's main commercial thoroughfare. This vibrant area is surrounded by popular restaurants and retail establishments, including SanTan Brewing and Over Easy, ensuring a consistent flow of foot traffic. The space is divisible, with minimum suite sizes of 1,797 square feet and maximum contiguous space of 5,337 square feet, providing flexibility for a variety of retail or restaurant concepts. The strategic location benefits from a high-density market, situated within one mile of 840 residential units and 7.8 million square feet of office space, guaranteeing a substantial pool of potential customers from both residents and office workers. This presents a unique chance to establish a thriving business in a bustling and well-established commercial district. The property is multi-tenant and offers a prime opportunity for businesses seeking high visibility and a strong customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $17,524,498

  6.5%

  $16,176,460

  7%

  $15,020,999

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,076,766

  Geo Method

  $16,076,766

• Alternative Use

  Use

  Valuation

  Residential

  $20,058,810

  Hospitality

  $18,373,762

  Educational

  $15,286,755

  Medical

  $15,812,490

  Retail

  $23,779,396

Location Insight

City

Chandler

County

Maricopa

State

Arizona

Latitude

33.3041

Longitude

-111.84

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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