18425 51St AveGlendale, AZ 85308

Property Details for 18425 51St Ave

Year built

2001

Construction

CONCRETE

Lot size

1.79 AC

Property size (Sq ft)

13,124 SF

Zone code

C-1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

207-23-543

APU

20723543

Description

This exceptional 1,817 square foot retail space is available for lease at 18425 N 51st Ave, Glendale, Arizona, zip code 85308. Located in the 51st & Union Hills Shopping Center, this property presents a unique opportunity for businesses seeking a prominent location in a thriving commercial area. The entire space is currently vacant, offering complete flexibility for tenant build-out and customization to meet specific business needs. The property is classified as retail, with a multiple tenancy structure, indicating potential for synergy with neighboring businesses. A significant advantage is the presence of extensive existing plumbing throughout the space, which could significantly reduce the costs associated with tenant improvements. The property's prime location in Glendale, Arizona, offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong customer engagement. This is an ideal opportunity for a variety of retail businesses seeking a well-situated, spacious, and adaptable commercial space. The latitude and longitude coordinates are 33.6531266 and -112.1682641 respectively. This fully vacant space presents a blank canvas for your business vision. Contact us today to learn more about leasing this exceptional retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,646,957

  6.5%

  $3,366,422

  7%

  $3,125,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,098,123

  Geo Method

  $5,098,123

• Alternative Use

  Use

  Valuation

  Residential

  $2,839,702

  Hospitality

  $2,601,152

  Educational

  $2,164,128

  Medical

  $2,238,556

  Retail

  $3,366,422

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.6531

Longitude

-112.168

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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