448 Butte AveFlorence, AZ 85132

Property Details for 448 Butte Ave

Year built

1963

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

3,016 SF

Property type

Retail space

APN

200-50-0700

APU

200500700

Description

This exceptional commercial property presents a unique investment opportunity in the thriving Florence, Arizona market. Priced at $350,000, this dual-space building offers significant potential for maximizing return on investment (ROI). Situated on a 0.27-acre lot, the property boasts two distinct spaces, each with its own address (448 E Butte Ave and 424 E Butte Ave), allowing for flexible usage. Imagine operating your own business in one space while generating rental income from the other, or leasing both for a consistent revenue stream. The strategic location, just blocks from Main Street and steps from the newly constructed Pinal County government building, ensures high visibility and accessibility. This prime location benefits from the surrounding area's substantial growth. The property's zoning (NO R-2 R1-6 MHS) offers versatility for a range of commercial ventures. Parcel numbers 200-50-069 and 200-50-070 clearly identify the property's boundaries. While the building requires some cosmetic improvements ("TLC"), its solid foundation and advantageous location make it an attractive proposition for savvy investors and entrepreneurs alike. Don't miss this chance to capitalize on the burgeoning Florence commercial real estate market. This property is ready for your vision and entrepreneurial spirit.

• CAP approach

  CAP return

  Valuation

  6%

  $1,320,650

  6.5%

  $1,219,062

  7%

  $1,131,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,605,400

  Geo Method

  $1,605,400

• Alternative Use

  Use

  Valuation

  Residential

  $1,028,324

  Hospitality

  $941,940

  Educational

  $783,683

  Medical

  $810,635

  Retail

  $1,219,062

Location Insight

City

Florence

County

Pinal

State

Arizona

Latitude

33.0316

Longitude

-111.383

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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