1070 Ray RdChandler, AZ 85225

Property Details for 1070 Ray Rd

Year built

2001

Construction

CONCRETE

Lot size

3.12 AC

Property size (Sq ft)

24,570 SF

Zone code

PAD

Property type

Retail properties

Property subtype

Strip malls

APN

302-98-958

APU

30298958

Description

Located in the thriving Chandler, Arizona market, Provinces Shopping Center offers exceptional retail space for lease. This Class B shopping center totals 34,925 square feet and features multiple tenancies. Currently, there is 3,920 square feet of vacant space available, divisible into units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 2,720 square feet. One immediately available space is 860-2,720 sq ft. The property is situated at 1070 E Ray Rd, Chandler, AZ 85225, in Maricopa County. This presents a fantastic opportunity for businesses seeking high visibility and convenient access within a well-established shopping center. The property's strategic location ensures strong foot traffic and exposure to a dense consumer base. The flexible space options cater to a variety of retail needs, making it an ideal location for both established businesses and new ventures. This is a rare opportunity to secure prime retail space in a desirable Chandler location. Contact us today to learn more about leasing opportunities at Provinces Shopping Center.

• CAP approach

  CAP return

  Valuation

  6%

  $6,091,400

  6.5%

  $5,622,830

  7%

  $5,221,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,544,413

  Geo Method

  $9,544,413

• Alternative Use

  Use

  Valuation

  Residential

  $4,743,068

  Hospitality

  $4,344,624

  Educational

  $3,614,677

  Medical

  $3,738,991

  Retail

  $5,622,830

Location Insight

City

Chandler

County

Maricopa

State

Arizona

Latitude

33.3215

Longitude

-111.821

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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