343 Monroe AveBuckeye, AZ 85326

Property Details for 343 Monroe Ave

Year built

1915

Lot size

0.65 AC

Property size (Sq ft)

10,962 SF

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,976,660

  6.5%

  $2,747,690

  7%

  $2,551,430

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,757,380

  Geo Method

  $1,757,380

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,326,840

  Mixed-Use / Specialty

  $2,750,590

  Hospitality / Lodging

  $2,034,550

  Office

  $2,747,480

  Institutional / Educational

  $2,864,040

  Residential Income

  $3,350,930

  Multifamily

  $3,948,530

  Automotive / Energy

  $2,454,900

  Parking / Income-Based Land

  $834,609

  Restaurant / Food Service

  $1,457,700

  Healthcare / Senior Housing

  $2,807,660

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

FAQs

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