528 Western AveAvondale, AZ 85323

Property Details for 528 Western Ave

Year built

1978

Construction

CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

1,100 SF

Zone code

OTAB

Property type

Retail space

APN

500-20-118

APU

50020118

Description

This exceptional 1,400-square-foot single-tenant office building is ideally situated in the heart of Old Town Avondale, Arizona, at 528 E Western Ave, Avondale, AZ 85323, near 6th St. Completely renovated in 2022, the property boasts new tile plank flooring, updated HVAC units, 14 new LED interior lights, a new hot water heater, fresh paint, and a new roof. The building features a main room, a private office with its own interior and separate entry door, a separate back room with its own entry, and two bathrooms. Eight shared parking spaces are available, along with the potential for a complete façade makeover in 2025 at no cost to the tenant. The property is zoned OTAB and offers excellent visibility with 100% use of street-side monument signage. The versatile space is suitable for a variety of uses, including executive, medical, and creative offices, as well as retail. Permitted uses include professional services, retail, wholesale, administrative offices, training facilities, and various other businesses. Conditional use permits may allow for funeral homes, reception centers, childcare centers, and bars. The flexible layout allows for subleasing opportunities to generate additional income. This is a fantastic opportunity to secure a prime location in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $380,742

  6.5%

  $351,454

  7%

  $326,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $427,304

  Geo Method

  $427,304

• Alternative Use

  Use

  Valuation

  Residential

  $296,465

  Hospitality

  $271,560

  Educational

  $225,935

  Medical

  $233,705

  Retail

  $351,454

Location Insight

City

Avondale

County

Maricopa

State

Arizona

Latitude

33.4356

Longitude

-112.344

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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