16222 59Th AveGlendale, AZ 85306

Property Details for 16222 59Th Ave

Year built

2007

Construction

CONCRETE

Lot size

0.05 AC

Property size (Sq ft)

20,000 SF

Zone code

C-O

Property type

Healthcare properties

Property subtype

Medical offices

APN

200-57-845

APU

20057845

Description

This exceptional 1,846 square foot office suite is situated on the second floor of Building B at 16222 N 59TH Avenue, Unit 2B3, Glendale, AZ. Priced at $784,550 ($425 per square foot), this property presents a compelling investment opportunity. The suite boasts convenient features designed for optimal functionality and professional presentation. Tenants and their clients will appreciate the ease of access provided by the elevator service and direct suite access, eliminating the need for lengthy walks or inconvenient stair climbs. Ample covered parking is available, ensuring protection from the elements for both employees and visitors. The building also offers prominent building and monument signage, providing excellent visibility and enhancing the professional image of any business occupying this space. The property sits on a substantial 3.45-acre lot, offering ample space and potential for future development or expansion. This Glendale location provides easy access to major transportation routes and is situated within a thriving commercial area. The combination of size, amenities, and location makes this suite an ideal choice for a variety of businesses seeking a high-quality, well-appointed office space. The asking price reflects the value and desirability of this exceptional property. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $3,265,796

  6.5%

  $3,014,581

  7%

  $2,799,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,083,000

  Geo Method

  $3,083,000

• Alternative Use

  Use

  Valuation

  Residential

  $3,738,080

  Hospitality

  $3,424,062

  Educational

  $2,848,779

  Medical

  $2,946,753

  Retail

  $4,431,434

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.633

Longitude

-112.187

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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