5102 Peoria AveGlendale, AZ 85302

Property Details for 5102 Peoria Ave

Year built

1977

Construction

CONCRETE

Lot size

1.34 AC

Property size (Sq ft)

12,300 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

148-26-164

APU

14826164

Description

This Glendale, Arizona retail property, located at 5102 W Peoria Ave, offers 12,300 square feet of space in a single-story, 3-suite shopping center. Built in 1977, the property sits on a 58,153 square foot lot and is zoned C-2. The suites are available individually or contiguously, with a minimum divisible space of 900 square feet and a maximum contiguous space of 3,300 square feet. The property enjoys a high-traffic location at the corner of 51st Avenue and Peoria, providing excellent visibility and accessibility. This location benefits from strong co-tenancy and proximity to a dense residential area, including both single-family and multi-family homes. The property's address is 5102 W Peoria Ave, Glendale, AZ 85302, with the APN 148-26-164 in Maricopa County. A tenant improvement package is available for qualified tenants. This presents a compelling opportunity for retailers seeking a prominent location in a growing market. The property offers flexible lease terms and the potential for significant return on investment. The property's convenient location and strong demographics make it an ideal choice for a variety of retail businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,952,443

  6.5%

  $2,725,332

  7%

  $2,530,665

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,778,034

  Geo Method

  $4,778,034

• Alternative Use

  Use

  Valuation

  Residential

  $2,298,920

  Hospitality

  $2,105,798

  Educational

  $1,751,999

  Medical

  $1,812,253

  Retail

  $2,725,332

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.5833

Longitude

-112.17

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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