1989 Elliot RdChandler, AZ 85224

Property Details for 1989 Elliot Rd

Year built

1986

Construction

CONCRETE

Lot size

1.86 AC

Property size (Sq ft)

25,902 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

302-25-972A

APU

30225972A

Description

This exceptional retail opportunity is located at 1989 W Elliot Rd in Chandler, Arizona, within Maricopa County. The property, known as ELLIOT SQUARE, offers two separate retail spaces currently available for lease, totaling 2,400 square feet of vacant space. Each space offers a slightly different footprint, with one measuring approximately 1,429 square feet and the other approximately 1,600 square feet. The property is classified as a multi-tenant retail building, presenting a versatile option for businesses seeking a prominent location in a thriving Chandler commercial district. The property's address is conveniently situated at 1989 W Elliot Rd, Chandler, AZ 85224, offering excellent visibility and accessibility for customers. This prime location in Maricopa County provides easy access to major transportation routes and a dense concentration of potential customers. The available spaces are ideal for a variety of retail uses, making this an attractive investment for businesses looking to establish or expand their presence in the Chandler market. Interested parties are encouraged to inquire for further details and leasing information. The property's geographic coordinates are 33.34891 latitude and -111.8748 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $5,163,900

  6.5%

  $4,766,680

  7%

  $4,426,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,152,500

  Geo Method

  $4,152,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,471,970

  Mixed-Use / Specialty

  $4,678,370

  Hospitality / Lodging

  $3,339,520

  Office

  $4,576,300

  Institutional / Educational

  $4,838,130

  Residential Income

  $5,660,610

  Multifamily

  $7,184,390

  Automotive / Energy

  $4,146,970

  Parking / Income-Based Land

  $1,501,530

  Restaurant / Food Service

  $2,281,060

  Healthcare / Senior Housing

  $4,870,710

Location Insight

City

Chandler

County

Maricopa

State

Arizona

Latitude

33.3489

Longitude

-111.875

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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