343 Monroe AveBuckeye, AZ 85326

  • Retail properties
  • 10,962 SF
For Lease
$40/SF/YR View listing

Property Details for 343 Monroe Ave

Year built
1915
Lot size
0.65 AC
Property size (Sq ft)
10,962 SF
Property type
Retail properties
Property subtype
Retail space
APN
400-27-001A
APU
40027001A

Description

This exceptional 12,350 square foot commercial property, located at 343 Monroe Ave, Buckeye, AZ 85326 (corner of Monroe & 4th St), presents a unique investment opportunity in the heart of downtown Buckeye. Built in 1915 and extensively renovated in 2022, this single-story building offers five suites, ranging from a minimum of 667 square feet to a maximum contiguous space of 5,111 square feet. Currently, three spaces are available, totaling 9,681 square feet of vacant space, ideal for a variety of uses. The property's diverse tenant mix includes a coffee shop, a creative photoshoot company, and a bath product line business, demonstrating its appeal to a broad range of businesses. Previously occupied by a Mexican restaurant, the space is adaptable to various concepts, including retail, dining, or service-based businesses. The 0.65-acre lot provides ample space, and the property includes 29 parking spaces for customer and tenant convenience. This prime location ensures high foot traffic, making it an excellent choice for businesses seeking visibility and accessibility in a thriving downtown area. The property's history and recent renovations combine to offer a unique blend of character and modern amenities. Don't miss this chance to establish your business in this vibrant and growing community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,860,608
    6.5%
    $3,563,638
    7%
    $3,309,093
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,258,276
    Geo Method
    $4,258,276
  • Alternative Use

    Use
    Valuation
    Residential
    $3,006,062
    Hospitality
    $2,753,537
    Educational
    $2,290,910
    Medical
    $2,369,698
    Retail
    $3,563,638
343 Monroe Ave, Buckeye, Arizona

Location Insight

City
Buckeye
County
Maricopa
State
Arizona
Latitude
33.3701
Longitude
-112.587
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,836
-
-
$212,919
-
$419,500
$886,176
$1,305,676

FAQs

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