6 Palo Verde StGilbert, AZ 85296

Property Details for 6 Palo Verde St

Year built

1983

Construction

CONCRETE

Lot size

0.90 AC

Property size (Sq ft)

10,273 SF

Zone code

NC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

304-23-046

APU

30423046

Description

The Palo Verde Center, located at 6 E Palo Verde St, Gilbert, AZ 85296, presents a unique investment opportunity. This multi-building complex, situated on a 1.7-acre lot, offers a total of 20,546 square feet of versatile commercial space. Built in 1983, the property boasts a variety of office subtypes, including executive, traditional, and creative office spaces, as well as retail options. Currently, one retail space of 1,086 square feet is available. The property is zoned C-2 by the Town of Gilbert (APN: 304-23-185, 304-23-046) and is conveniently located near Gilbert Rd in Maricopa County. The ample parking provides a ratio of 1.65 spaces per 1,000 square feet, ensuring convenient access for tenants and visitors. This multi-tenant property offers a strong foundation for a diverse range of businesses seeking a prominent Gilbert address. The property's flexible space and prime location make it an ideal choice for businesses looking to establish or expand their presence in a thriving market. The property's two buildings provide a unique opportunity for multiple tenants or a single entity seeking a larger footprint.

• CAP approach

  CAP return

  Valuation

  6%

  $4,493,788

  6.5%

  $4,148,112

  7%

  $3,851,819

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,462,399

  Geo Method

  $5,462,399

• Alternative Use

  Use

  Valuation

  Residential

  $3,499,088

  Hospitality

  $3,205,146

  Educational

  $2,666,644

  Medical

  $2,758,354

  Retail

  $4,148,112

Location Insight

City

Gilbert

County

Maricopa

State

Arizona

Latitude

33.3481

Longitude

-111.789

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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